Week 5: 25 – 29 January
Last week, you and other investors lent a record breaking £18.6 million to 228 businesses across the UK, and we’ve put together a list of marketplace gift ideas to spoil that special someone this Valentine’s Day.
New loans available to you
The total value of new loans listed on the Funding Circle marketplace was £17,926,580 averaging at £81,580 per loan. The largest loan value was £537,120 and the smallest loan value was £5,000.
Business loans available to bid on:
- Digital print company in East Sussex needs £161,300 to expand
Gross interest rate 8.3%
- Dry cleaner in London is looking for £21,060 for working capital
Gross interest rate 10.6%
- Funeral director in Northamptonshire requires £156,260 to refurbish their offices
Gross interest rate 10.6%
- Family-run farm in Northumberland is looking for £31,260 to expand
Gross interest rate 8.0%
- Property developer needs £400,000 to build 12 new homes in Gloucestershire
Gross interest rate 10%
Gross interest rates are before fees and bad debts. Your actual return may be higher or lower as your capital is at risk.
Weekly marketplace trends
These graphs show the most recent activity on the marketplace. The dates on the graph should be read as ‘week beginning’, for example: 25-Jan represents the week of 25th – 29th January.
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
Insulation solutions. Loan 1724. Risk band C
This Dorset business was established in 2010 and is late in making repayments.
Events business. Loan 15780. Risk band B
This Hertfordshire business has been running since 1999 and is being placed in creditors’ voluntary liquidation.
Digital design agency. Loan 7921. Risk band A
This Wiltshire business was established in 2006 and has ceased trading.
Plumbing business. Loan 14869. Risk band E
This Hertfordshire business has been running since 2009 and has been placed in creditors’ voluntary liquidation.
Our collections and recoveries team are working to recover the outstanding amounts for all of these loans 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