Your April Review – Insight and Analysis
In March, you and other investors lent over £123 million to UK businesses, allowing them to achieve their business goals. Dive in below for your monthly analysis.
Last month, you helped over 1,800 UK businesses grow and take new opportunities — thank you for your continued support! Together we can continue to drive energy into the UK economy.
How Funding Circle is keeping the little guys in the loop — City A.M.
“When I step into the lively hive that is Funding Circle’s office, it’s a breath of fresh air” says Katherine Denham, writer at City A.M. This article highlights our culture, our team and how our investors are supporting thousands of small businesses across the county.
These graphs show the most recent activity on our platform.
You’ve helped more than 10,500 small businesses access finance in the last 6 months…
Totalling over £701 million lent
March 2018 sector breakdown
Amount lent to each sector
March 2018 regional breakdown
Amount lent to each UK region
As part of lending to businesses, a small percentage will not be able to fully repay their loan. This is known as bad debt and is a normal part of business lending. We believe diversification, where you lend no more than 1% of your total to each business, is the best way to reduce the impact this has on your return. Our automatic lending tool will help you diversify by splitting your investment across lots of businesses. We suggest lending £2,000 or more, so you can lend to at least 100 businesses, with no more than 1% going to each one.
Each week, we publish a list of the loans being defaulted on the Customer support section of our website under ‘Announcements.’ To see a breakdown of the loans defaulted last week simply click on loans defaulted 29th March 2018 For further information on why Funding Circle defaults loans you can read our FAQ here.
Up next in April we’ll be looking at the impact your lending is having on the UK economy and bringing to life some of the businesses you’ve helped access finance.
Enjoy lending, the Funding Circle team
*Data from CEBR report
This blog is a general summary, and should not replace financial advice tailored to your specific circumstances. Funding Circle is not authorised to, and does not, provide investment, tax, legal or regulatory advice. If you have any questions, please speak to your professional advisor or seek independent specialist advice.