Week 34: 22 – 26 August
Last week, your lending helped 208 UK businesses access more than £14 million to grow and prosper. Of the new loans listed, the South East was the most popular business location, and property & construction was the most popular sector.
New loans available to you
The total value of new loans listed on the Funding Circle marketplace was £15,111,120 averaging at £70,206 per loan. The largest loan value was £460,480 and the smallest loan value was £5,000.
Business loans available to bid on:
- To buy new equipment, a drone specialist in Manchester is looking for £51,560
Gross interest rate 8.0%
- Web designer in Staffordshire requires £7,500 to help with cashflow
Gross interest rate 6.0%
- To open a fourth office, healthcare professionals in London need £260,420
Gross interest rate 10.2%
- Professional education service is looking for £31,100 for working capital
Gross interest rate 8.3%
Gross interest rates are before fees and bad debts. Your actual return may be higher or lower as by lending to businesses, your capital is at risk.
Weekly marketplace trends
These graphs show the most recent activity on the marketplace.
The average gross yield graph is reported weekly and shows a rolling two week average of gross yields. This calculation assumes you reinvest your interest each month and therefore includes the compound interest you earn (The calculation is AGY = (1 + (two week rolling weighted average rate/12))^12 – 1). You can view the latest gross interest rates accepted on the marketplace on our statistics page.
Weekly average gross yield (2 weeks rolling)
Number of loans, value of loans and amount lent are reported weekly.
Number of listed loans per week
Listed loan value per week
Total amount lent
Loan parts available to buy from other investors
Loans defaulted last week
Consultants. Loan 12168. Risk band A+
This West Midlands business has been running since 2010 and has become unresponsive after missing repayments.
Engineers. Loan 7526. Risk band A+
This Cheshire business was established in 2011 and is 3 months in arrears.
Printed fabric converter. Loan 4159. Risk band D
This London business has been running since 2004 and was placed into liquidation in December 2015.
Builders. Loan 17762. Risk band A
This West Sussex business was established in 2013 and is being placed into liquidation.
Strategic support. Loan 13022. Risk band A
This Oxfordshire business has been running since 2006 and is being placed into liquidation.
Travel agent. Loan 8575. Risk band A+
This London business was established in 2012 and is being placed into liquidation.
Garage. Loan 3958. Risk band D
This Monmouthshire business has been running since 2014 and was made bankrupt in August 2016.
Recruiters. Loan 10280. Risk band B
This Berkshire business was established in 2005 and is being placed into liquidation.
Sustainable development specialist. Loan 11046. Risk band A
This London business has been running since 2010 and was placed into liquidation in August 2016.
Online retailer. Loan 7971. Risk band B
This Middlesex business was established in 2010 and is being placed into liquidation.
Electrician. Loan 18421. Risk band B
This North Yorkshire business has been running since 2012 and is being placed into liquidation.
Motor business. Loan 17614. Risk band E
This Essex business was established in 2001 and was placed into administration in July 2016.
Steel manufacturer. Loan 6764. Risk band B
This Lancashire business has been running since 1984 and has become unresponsive after missing repayments.
Lending to businesses can deliver attractive returns, while helping businesses access the finance they need to grow. However, from time-to-time some businesses will be unable to repay their loan, which is why lending a small amount to lots of different businesses is so important. Watch our 90 second diversification video below to find out more. Remember, by lending to businesses your capital is at risk.
Our collections and recoveries team are working to recover the outstanding amounts for all of the loans described above and they will provide you with updates in the loan comments section on your summary page. Read how our collections and recoveries process works (part one and part two) on our blog.
Enjoy lending, the Funding Circle team