Support local this Valentine’s Day | Weekly Lending Review

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

There are currently 32 loan requests on the marketplace, and thousands of loan parts available for you to buy.

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:

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)

WLR yield 5-16

Number of loans, value of loans and amount lent are reported weekly.

Number of listed loans per week

Loans listed WLR 5-16

Listed loan value per week

Loan value WLR 5-16

Total amount lent

Amount lent WLR 5-16

Loan parts available to buy from other investors

Loan parts WLR 5-16

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

5 Valentine’s Day ideas supporting local businesses

Valentine’s Day is just around the corner, so we’ve prepared a selection of gift ideas from 5 fantastic businesses who you and other investors have helped over the past years. Whether you’re looking for a relaxing weekend away or exquisite flowers for that special someone, we’ve tailored the list below to suit a wide range of interests and budgets.

Screen Shot 2016-02-01 at 17.11.59Pictured: Nic from La Petite Poissonnerie

Considering a romantic night in? Look no further. La Petite Poissonnerie, who borrowed £30,000 in August 2015, are a Japanese and French fusion fishmonger in London run by husband and wife, Nic and Zaya Rascle. They sell fresh fish along with a selection of French epicerie and wines and a range of Japanese groceries – everything you need for a special Valentine’s evening at home.

Indulge your loved one this year with organic and natural products. Fushi Wellbeing, who borrowed £139,000 across two Funding Circle loans, are an online retailer of a wide range health and beauty brands, with items such as bath oils, skin care lotions and massage kits.

Screen Shot 2016-02-01 at 17.17.47Pictured: Lucy from Mill View Plant Centre

Buying flowers for that special someone? Mill View Plant Centre, a family-run plant centre run by Colin Dallimore and his two daughters in Oxfordshire, sell a range of plants and shrubs along with a beautiful array of flowers, a perfect surprise for your significant other. The team borrowed £100,000 from 1,171 individual investors in November 2015 to help them expand and open a coffee shop.

Screen Shot 2016-02-01 at 17.21.41

If you want an adventure, why not book an expedition with Wild & Remote? The company, who borrowed £40,000 in 2012, seek to deliver tailored adventures with a sense of quality and luxury. The experienced team lead a range of exciting trips, from horseback riding in the heart of Devon to hiking in the stunning Swiss Alps.

And finally, if you’re looking to spoil someone this year, Krystal London design and manufacture bespoke jewellery in the UK. The company, who borrowed £40,000 from 671 investors, handcraft everything locally themselves using the finest quality Swarovski Crystals at affordable prices.  

Looking for more inspiration? Read through our other gift ideas.

Does your business need finance? We’ve helped more than 15,000 businesses in UK, US, and Europe access finance for a whole range of needs. You can apply online in 10 minutes.

Enjoy Lending. The Funding Circle Team

Lend to businesses on us | Weekly Lending Review

Week 4: 18 – 22 January

Are you taking advantage of our refer a friend promotion? If you recommend a friend to Funding Circle, and they lend £1,000 to businesses by the end of February, you could lend to British businesses on us as you’ll both earn £50 cashback paid into your accounts. Terms and conditions apply.

New loans available to you

There are currently 38 loan requests on the marketplace, and thousands of loan parts available for you to buy.

The total value of new loans listed on the Funding Circle marketplace was £18,624,860 averaging at £71,089 per loan. The largest loan value was £500,000 and the smallest loan value was £5,220.

Business loans available to bid on:

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: 18-Jan represents the week of 18th – 22nd 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)

WLR 4-16 Yield

Number of loans, value of loans and amount lent are reported weekly.

Number of listed loans per week

WLR 4-16 Loans listed

Listed loan value per week

WLR 4-16 loan value

Total amount lent

WLR 4-16 amount lent

Loan parts available to buy from other investors

WLR 4-16 loan parts

Loans defaulted last week

Interior design business. Loan 4574. Risk band D

This Warwickshire business was established in 2014 and has become unresponsive.

Vocational training specialist. Loan 5609. Risk band B

This Worcestershire business has been running since 2010 and is two months in arrears.

Yoga studio. Loan 2515. Risk band C

This Leicestershire business was established in 2009 and is being placed into insolvent liquidation.

Pizza delivery service. Loan 9208. Risk band D

This London business has been running since 2009 and is late in making repayments.

Kitchen design business. Loan 9072. Risk band D

This Nottinghamshire business was established in 2006 and is being placed into insolvent liquidation.

Printers. Loan 3749. Risk band A

This Nottinghamshire business has been running since 1982 and was placed into administration during November 2016.

Online retailer. Loan 5067. Risk band A

This Oxfordshire business was established in 2010 and has ceased trading.

Car sales showroom. Loan 5763. Risk band A

This Cheshire business has been running since 2003 and is being placed into 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

Take a tour of 2 new family homes | Weekly Lending Review

Week 3: 11 – 15 January

In November 2014, we visited Funding Circle borrower Medina Capital Investments at a demolition site in West London. Just over a year later, we returned to the site to see the final touches being made to two new family homes. There’s a short video on the blog where you can meet business owner Nidal, take a quick tour round the new homes, and hear how, thanks to your lending, he’s been able to expand his business twofold in the past 8 months.

New loans available to you

There are currently 30 loan requests on the marketplace, and thousands of loan parts available for you to buy.

The total value of new loans listed on the Funding Circle marketplace was £15,413,760 averaging at £60,327 per loan. The largest loan value was £500,000 and the smallest loan value was £5,000.

Business loans available to bid on:

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: 11-Jan represents the week of 11th – 15th 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)

WLR 3-16 yield

Number of loans, value of loans and amount lent are reported weekly.

Number of listed loans per week

WLR 3-16 loans listed

Listed loan value per week

WLR 3-16 loan value

Total amount lent

WLR 3-16 amount lent

Loan parts available to buy from other investors

WLR 3-16 loan parts

New forum

To start the new year in style we’ve moved to an easier to use forum. Your existing usernames are still in place and if you’re new, come join the conversation here.

Loans defaulted last week

Kitchen specialist. Loan 2399. Risk band C

This London business was established in 1975 and entered into a Company Voluntary Arrangement in May 2014.

Cookery school. Loan 13233. Risk band D

This Leicestershire business has been running since 2011 and is late in making repayments.

Design agency. Loan 4304. Risk band D

This London business was established in 2000 and has become unresponsive.

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

From demolition to delivery: you’ve helped build two new family homes

In November 2014, we visited Funding Circle borrower Medina Capital Investments at a demolition site in West London. Just over a year later we returned to the site, with Funding Circle CEO Samir Desai and investor Maureen, to see the final touches being made to two new family homes. The properties, which have just been signed off by building control, consist of one four bedroom and one five bedroom house and benefit from off-street parking.

Business owner Nidal Al-Khail, who has borrowed £1,690,000 since September 2014 to carry out the project, describes marketplace lending as “a breath of fresh air for his business.” He already has two parties interested in purchasing the properties.

Maureen has been lending to hundreds of UK businesses through the Funding Circle marketplace, including Medina, since 2012. While looking around the properties, Maureen said, “It feels like my investment has come to life.”

The Funding Circle property product was launched in April 2014, and has since facilitated over £100 million in loans to experienced property developers, helping to build over 600 new homes across the UK. Samir Desai commented “Funding Circle is making a big difference now in the UK in terms of new homes. It’s really pretty rewarding.”

Medina business owner

In the short video below meet Nidal, look around the properties, and hear how, thanks to your lending, he’s been able to expand his business twofold in the past 8 months.

Property development loans were available between April 2014 and April 2017. If you work in the property industry and are looking for finance, we may still be able to help you with an unsecured loan up to £350,000 with a personal guarantee, or a secured loan up to £1 million.

Get an instant quote online or speak to our dedicated team today on 0800 048 8747.

Did you help 146 businesses access finance last week? | Weekly Lending Review

Week 2: 4 – 8 January

Last week, you and others investors helped 146 businesses across the UK access £8.4 million through the Funding Circle marketplace. 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

There are currently 29 loan requests on the marketplace, and thousands of loan parts available for you to buy.

The total value of new loans listed on the Funding Circle marketplace was £12,841,520 averaging at £57,490 per loan. The largest loan value was £286,120 and the smallest loan value was £5,120.

Business loans available to bid on:

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: 4-Jan represents the week of 4th – 8th 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)

WLR 2-16 yield

Number of loans, value of loans and amount lent are reported weekly.

Number of listed loans per week

WLR 2-16 loans listed

Listed loan value per week

WLR 2-16 loan value

Total amount lent

WLR 2-16 amount lent

Loan parts available to buy from other investors

WLR 2-16 loan parts

Loans defaulted last week

Sports events business. Loan 9587. Risk band C

This Wiltshire business was established in 2011 and is being placed into liquidation.

Biomass specialist. Loan 10563. Risk band B

This Lincolnshire business has been running since 2008 and was placed into liquidation during October 2015.

Vehicle recovery management. Loan 1829. Risk band C

This Surrey business was established in 1996 and was placed into liquidation during July 2015.

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

2015, a revolutionary year for marketplace lending. December industry news.

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Funding Circle passes £1 billion lending milestone 

What an amazing way to end the year! In just over 5 years, your lending has helped over 12,000 small business in the UK access finance through the Funding Circle marketplace. More than £500 million was lent in 2015 alone. Thank you for all your continued support, we couldn’t have reached this major milestone without you! Further coverage can be found in the Financial Times, Business Insider and Altfi. Check out our blog for more information, and you can listen to co-founder Andrew Mullinger discussing the implications of rapid growth in a recent podcast published in the Financial Times.

Lending services revolution piles pressure on banks as fintech sector grows

From banking to investment, financial technology has revolutionised the way investors and businesses can access financial services. Warren Mead, head of alternative finance at KPMG, expects that investment in fintech will grow to more than $30 billion over the coming year, up from $20 billion in 2015. As the disruption of the fintech sector continues, traditional lenders have started to work with these innovative companies, providing more exposure to marketplace lending for investors. Read more on this topic in the Financial Times, CityAM, and watch Sam Hodges, Funding Circle’s US Managing Director, on Bloomberg discussing the future of marketplace lending.

Property tech sector is battling inertia to shake up Britain’s housing industry

The UK property technology sector has seen significant growth over the past 18 months, with marketplace lending platforms playing an important role. The emergence of platforms has enabled access to property loans as an investment class, helping to build thousands of much needed homes across the UK.

How P2P can take the strain of tighter bank capital rules

As the industry continues to grow, different types of investors such as hedge funds, pension funds and the Government are now lending alongside individuals. At Funding Circle, we believe that a diverse range of investors, big and small, will make the marketplace more sustainable in the future. At a recent investor evening, Funding Circle co-founder James Meekings talked about what this means for you. Watch the full video on our blog.

Why 2016 will be the year that peer-to-peer lending finally enters the financial mainstream

By the end of 2015, UK marketplace lending platforms facilitated  around £3 billion of lending, and by the end of this year lending volumes are on target to double. In just 10 years, marketplace lending platforms have developed immensely and form a significant part of the wider financial landscape. With such rapid growth in the sector, fair regulation becomes increasingly important. Britain is currently the only place in the world with a dedicated regulatory regime for the UK marketplace industry, and platforms plan to become fully regulated by the FCA in 2016. Read the CityAm piece here.

New Year honours: six key figures to be recognised

And finally, to wrap up the year, it was a proud moment for Funding Circle as CEO and co-founder Samir Desai was given a CBE  in the New Year’s Honours list for his contribution to the financial services sector. He’s quoted, “This honour is testament to the hard work of the team who have helped originate £1.25 billion of loans from thousands of investors to small businesses in the last five years, creating over 50,000 new jobs globally.”

LendIt 2015: find out how marketplace lending could help your business expand

Last year Funding Circle sponsored LendIt Europe, which is the largest conference dedicated to marketplace lending, bringing together the leading platforms, investors, and service providers in the industry. The conference, which took place over two days in Central London, had more than 800 attendees from 45 different countries.

It was a proud moment for Funding Circle as CEO Samir Desai gave the keynote speech announcing that we’d launched in Germany, Spain and the Netherlands. You can read more about how Funding Circle is helping businesses across Europe access finance on the blog.

During the conference, we invited Funding Circle borrowers Maria and David to discuss their experience of taking out a business loan through the marketplace. Find out what they think is the key to running a fast moving successful business in the two videos below.

Lendit Maria fabric specialist

Maria Hopwood runs an online striped fabric business in Chester called The Stripes Company and since 2011 has borrowed over £175,000 across 3 business loans. In the short video below Maria explains how accessing finance quickly has been key to the success of her business as it has enabled her to service demand.

Watch Maria’s Small Business Success Story.

David Ambic furniture manufacturer

David Potter is a Director at school furniture manufacturer Ambic Ltd based in County Durham. The business, which has been operating for over 30 years, needed finance to help with working capital. In the short video below David explains how receiving £100,000 within two weeks through the Funding Circle marketplace was a lifeline for his business.

Watch David’s Small Business Success Story.

We’d like to say a huge thank you to both Maria and David for taking the time to travel to London and speak – it was truly inspiring!

Do you need a business loan?

More than 12,000 businesses in the UK have accessed finance through the marketplace for a wide range of purposes, including cashflow, investing in extra staff and much much more. Check your eligibility online in just 30 seconds.

Are you interested in lending to businesses like Ambic and The Stripes Company?

Support small businesses across the UK and you can earn a great return. It takes minutes to sign up online and you can use our investor information guide to help you get started. We have thousands of loans which you can be a part of, making it quick and easy to build a diversified portfolio. Remember, by lending to businesses your capital is at risk.

New year, new lending opportunities | Weekly Lending Review

Week 1: 28 December – 1 January 2016

Happy New Year! Thanks to your lending, the Funding Circle marketplace has reached £1 billion lent to small business across the UK helping create an estimated 46,000 new jobs*. This major milestone is testament to the impact your lending is having on UK economic growth. Thanks to everyone for your continued support.

Looking ahead to 2016, the pipeline is looking healthy so keep your eye on the marketplace over the coming days and weeks for lots more lending opportunities.

New loans available to you

There are currently 19 loan requests on the marketplace, and thousands of loan parts available for you to buy.

The total value of new loans listed on the Funding Circle marketplace was £2,074,120 averaging at £72,340 per loan. The largest loan value was £331,520 and the smallest loan value was £6,000.

Business loans available to bid on:

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: 28-Dec represents the week of 28th December – 1st January 2016 (please note 28th December and 1st January were bank holidays).

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)

WLR 1-16 yield

Number of loans, value of loans and amount lent are reported weekly.

Number of listed loans per week

WLR 1-16 loans listed

Listed loan value per week

WLR 1-16 loan value

Total amount lent

WLR 1-16 amount lent

Loan parts available to buy from other investors

WLR 1-16 loan parts

News you should know

New Year’s Honours list 2016

It was a proud moment for the Funding CIrcle team as CEO Samir Desai was made a CBE in the New Year’s Honours list 2016 for his contribution to the financial services sector. The list recognises the achievements and service of people across the UK. You can download the full New Year’s Honours list 2016 here.

Loans defaulted last week

Reinforced concrete specialists. Loan 7388. Risk band B

This Suffolk business was established in 2006 and has proposed a Company Voluntary Arrangement.

Model manufacturer. Loan 6625. Risk band A

This Dorset business has been running since 2004 and has fallen late in their repayments.

General maintenance contractor. Loan 9174. Risk band C

This Caerphilly business, which was started in 2005, ceased trading in October 2015.

Construction business. Loan 4835. Risk band D

This Kent business has been running since 2011 and is formalising a nominal payment plan.

Fashion focused consumer electronics. Loan 8192. Risk band B

This Birmingham business, established in 2007, was placed into liquidation during November 2015.

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 more about how our collections and recoveries process works on our blog.

Enjoy lending, The Funding Circle Team
* Independent research by government think tank, Nesta, found that an average business borrowing through Funding Circle employs ~10 people and increases headcount by ~30% within 12 months of taking a loan. Nesta, Banking on Each Other, 2013.

We’ve hit £1 billion!

And you’ve helped us reach this milestone. Thank you!

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The Funding Circle marketplace has reached a major milestone: lending £1 billion directly to small businesses in the UK.

More than half of this money was lent through the marketplace in 2015 alone, and you and other investors are on track to lend a further billion pounds within the next 12 months.

Lending directly to businesses on the marketplace means businesses can access finance which is fast, fair and fundamentally more efficient than alternatives. 

Reaching £1 billion is a fantastic achievement and this lending has resulted in an estimated 46,000 new jobs*. This is testament to the significant impact you and other investors at Funding Circle are having on UK economic growth.

Click here for more details about what £1 billion means. 

1 billion image

 

 

The Funding Circle team.

 

Independent research by government think tank, Nesta, found that an average business borrowing through Funding Circle employs ~10 people and increases headcount by ~30% within 12 months of taking a loan. Nesta, Banking on Each Other, 2013.

The final Weekly Lending Review of 2015. Merry Christmas!

Week 51: 14 – 18 December 2015

There’s only a few days left until Christmas and we’ve been busy making sure there are a number of lending opportunities available to you over the festive period. Funding Circle’s Global CEO Samir Desai also has a special message for investors in the final instalment of The Ultimate Christmas Gift Guide 2015.

This will be the last weekly lending review of 2015: we’ll be back in touch in the week commencing 4th January. We hope you all have a nice break!

New loans available to you

There are currently 36 loan requests on the marketplace, and thousands of loan parts available for you to buy.

The total value of new loans listed on the Funding Circle marketplace was £16,925,400 averaging at £71,363 per loan. The largest loan value was £450,000 and the smallest loan value was £5,000.

Business loans available to bid on:

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: 14-Dec represents the week of 14th – 18th December 2015.

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)

WLR 51 yield

Number of loans, value of loans and amount lent are reported weekly.

Number of listed loans per week

WLR 51 loans listed

Listed loan value per week

WLR 51 loan value

Total amount lent

WLR amount lent

Loan parts available to buy from other investors

Highlights from 2015

As 2015 draws to a close, we wanted to take a moment to share with you some of the highlights from this year. We teamed up with our colleagues in the US, Germany, Spain and the Netherlands to put together a short video. You’ll meet members of the Funding Circle team, watch some of our favourite borrowers from the year, and hopefully get a sense of how you’re helping businesses access the finance they need to grow.

New forum

To start the new year in style we’ll be moving to a new forum. We’ll provide further information in due course.

Loans defaulted last week

Equestrian centre. Loan 8141. Risk band A+

This Cornwall business has been struggling to make repayments since September 2015.

Web development company. Loan 2783. Risk band A+

This Manchester business has been running since 2007 and is looking to enter insolvent liquidation.

Electrical installation specialists. Loan 2214. Risk band C

This Yorkshire business was established in 2002 and is being placed in creditors’ voluntary liquidation.

Garage. Loan 6875. Risk band B

This West Sussex business has been running since 2004 and has been placed in creditors’ voluntary liquidation.

Commercial movers. Loan 15118. Risk band C

This Cambridgeshire business was established in 2007 and has been placed in creditors’ voluntary liquidation.

Online furniture shop. Loan 3328. Risk band C

This Northamptonshire business has been running since 2004 and has been placed in creditors’ voluntary liquidation.

Digital agency. Loan 12302. Risk band C

This Suffolk business was established in 2013 and is proposing a company voluntary arrangement.

Building maintenance company. Loan 14456. Risk band A

This West Sussex business has been running since 2010 and is looking to enter insolvent 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 more about how our collections and recoveries process works on our blog.

Enjoy lending, The Funding Circle Team

Highlights from 2015 – and what a year it’s been

As 2015 draws to a close, we look back at some of our highlights from the past 12 months. And what a year it’s been!

More than £500m lent in 2015

In January 2015 the marketplace passed £500 million lent to small businesses across the UK, and now we’re fast approaching the £1 billion milestone. This achievement would not have been possible without our investor and borrower communities, so we’d like to say a big thank you to all for your continued support!

Growing the UK marketplace

Our investor community has grown significantly with 45,275 investors now lending to businesses, including 19 local councils, financial organisations, Huddersfield University and the UK Government.

7,250 British businesses have borrowed through the marketplace in this year alone, bringing the total number of business loans to more than 15,000. We’ve been lucky enough to visit some of these borrowers to find out how your money has helped their businesses succeed. You can read their stories on the blog.

Launching in Europe

In October, we launched across Europe to help even more small businesses access finance, so we teamed up with our colleagues in the US, Germany, Spain and the Netherlands to put together a short video of our highlights.

You’ll meet members of the Funding Circle team in all geographies, hear from some of our favourite borrowers from the year and get a sense of how you’re helping the wider economy. 

2015 highlights video

We hope you all enjoy a break over the holiday period, with best wishes for the year ahead.
The Funding Circle team

The Ultimate Christmas Gift Guide (part 4)

During December, we’ve been showcasing the best marketplace gift ideas for friends and family, from seasonally striped gifts in part one, to stocking fillers and statement jewellery in part two, and shearling coats in part three.

The final instalment of The Ultimate Christmas Gift Guide 2015 includes adventure days, delightful everyday gifts from the US and a special Christmas message from Funding Circle’s Global CEO Samir Desai. Thank you for all your support in 2015, and we look forward to bringing you more lending opportunities in 2016.

We’ll continue to showcase each business on Funding Circle’s Twitter, LinkedIn, Facebook, Google+ and Instagram pages until Christmas Eve and would love for you to share the ones you like! #GiftGuide2015

Day 21 : Saber Powersports

Perfect for any thrill seeker, Saber Powersports in Southampton offer adventure experiences on their fleet of powerboats. Business owner Simeon Penn, who borrowed £20,000 in May 2013 to buy a new jet engine, has been racing powerboats for over 25 years. You’ll just need to decide between the Jet Viper, the 007 or the Thunderbolt. What fun!

Day 22 : Mill View Plant Centre

Mill View Plant Centre in Oxfordshire, which has been run by the Dallimore family for over 30 years, sells a range of plants, shrubs and hanging baskets to help spruce up your garden in 2016. Director Katie Cook, who borrowed £100,000 in November 2015 to open a new coffee shop, explains that their handmade wreaths are always best seller at Christmas.

Mill View Katie

Day 23 : Maika Goods, US

Looking for a new lunch bag for 2016? Maika Goods, based in San Francisco, make functional goods that are simple solutions for the everyday. Business owner Viola, who borrowed through the Funding Circle marketplace in the USA, says Maika Goods represent that leap of faith to always push the creative envelope.

Maika banner

Day 24 : Thank you

On Christmas Eve, we’d like to focus on all of the investors who have helped make 2015 such an exciting year, lending over £500 million to 7,000 businesses across the UK.

A Christmas message from Funding Circle’s Global CEO Samir Desai: ‘I’d like to wish all our investors a Merry Christmas and a Happy New Year. It’s been a pretty incredible year all round, but they’ll be many more exciting things to come next year.’

Are you interested in lending to UK businesses?

Support small businesses in the UK and you can earn a great return. It takes minutes to sign up online and you can use our investor information guide to help you get started. We have thousands of loans which you can be a part of, making it quick and easy to build a diversified portfolio. Remember, by lending to businesses your capital is at risk.

Looking for finance?

Looking for a business loan to help with seasonal demand? Check your eligibility online in just 30 seconds.

Colin shares his top 3 tips for growing a business

We caught up with Colin Dallimore, owner of the Mill View Plant Centre in Oxfordshire, who shared his top tips for running a small business.

Colin business owner Mill View Plant Centre

The plant centre, which was started by Colin’s mother over 30 years ago, sells a range of top quality plants and shrubs, including fruit trees and at this time of year Christmas trees too. Colin, who is passionate about his plants, told us ‘the highlight for me is the fact that my two daughters have joined me in the family firm, so it can continue on and on.’ The Mill View Plant Centre borrowed £100,000 through the Funding Circle marketplace in November 2015 to expand after spotting a gap in the market for a coffee shop.

In this short video you’ll meet Colin and find out why he thinks forward planning and attention to detail are particularly important to the success of his business.

Colin’s top tips are:

  • Learn to keep going
  • Keep your staff motivated
  • Always look to expand


If, like Colin, you’re looking for a business loan, you can check you qualify in just 30 seconds.

Apply online and a member of our team will get back to you within 2 working days.

We’ve helped more than 12,000 businesses in the UK and US access finance for a range of purposes, and you can read more stories like Colin’s here.

 

Handmade wreaths in time for Christmas, thanks to 1,171 investors | Weekly Lending Review

Week 50: 7 – 11 December 2015

Earlier this month we visited Mill View Plant Centre in Oxfordshire, who borrowed £100,000 through the Funding Circle marketplace in November 2015 to expand and open a coffee shop. The plant centre, which is run by Colin Dallimore and his daughters Katie and Lucy, stocks a large selection of Christmas trees and handmade wreaths. In our latest case study you can learn about the best type of Christmas tree for your home and Colin has some special words for all those people who lent to his business.

New loans available to you

There are currently 30 loan requests on the marketplace, and thousands of loan parts available for you to buy.

The total value of new loans listed on the Funding Circle marketplace was £16,867,860 averaging at £80,078 per loan. The largest loan value was £450,000 and the smallest loan value was £5,000.

Business loans available to bid on:

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: 7-Dec represents the week of 7th – 11th December 2015.

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)

WLR 50 yield

Number of loans, value of loans and amount lent are reported weekly.

Number of listed loans per week

WLR 50 listed loans

Listed loan value per week

WLR 50 loan value

Total amount lent

WLR 50 amount lent

Loan parts available to buy from other investors
WLR 50 loan parts

News you should know

New mobile iOS app is available to download

Christmas has come early for app users – the new investor mobile app for iOS 9 is now available to download from the App Store! Updated features include a fresh design and touch ID. Read more about the new app, including an interview with our mobile team, on the blog.

Loans defaulted last week

Insulation specialist. Loan 3306. Risk band A

This Glasgow business was established in 2004 and has been placed in compulsory liquidation.

Online bicycle shop. Loan 5356. Risk band D

This Wrexham business has been running since 2006 and has been placed into creditors’ voluntary liquidation.

Auditors. Loan 3236. Risk band B

This East Sussex business was established in 1999 and is looking to enter insolvent liquidation.

Law firm. Loan 1461. Risk band A

This Norfolk business has been running since 2010 and has missed promised payments.

Ambulance service. Loan 14550. Risk band A

This Kent business was established in 2007 and is entering insolvent liquidation.

Accountants. Loan 637. Risk band B

This Tyne and Wear business has been running since 2003 and has struggled to make repayments since July.

Solicitors. Loan 2799. Risk band A

This London business was established in 2007 and has become unresponsive.

Hair salon. Loan 5142. Risk band C

This London business has been running since 2007 and has been placed in liquidation.

Estate agent. Loan 5844. Risk band C

This Oxfordshire business was established in 2011 and has become unresponsive.

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 more about how our collections and recoveries process works on our blog.

Enjoy lending, The Funding Circle Team

The Ultimate Christmas Gift Guide (part 3)

It’s beginning to look a lot like Christmas! Over the past two weeks we’ve been showcasing the best marketplace gift ideas for friends and family, from award-winning food and personalised Santa sacks in part one, to luxury leather belts and winter warmers from the US in part two.

We’re showcasing each business on Funding Circle’s Twitter, LinkedIn, Facebook, Google+ and Instagram pages and would love for you to share the ones you like! #GiftGuide2015

Day 14 : Owen Barry

Wrap up warm this Christmas with a hand-crafted shearling coat from Owen Barry, who have been manufacturing ethically sourced clothing and accessories in Somerset since 1948. Owen Barry borrowed £60,000 in May 2012 so they could move to a larger premises and cope with increasing demand.

Owen Barry banner

Day 15 : The Exhibition Rooms

Located in London? Why not eat out at The Exhibition Rooms this Christmas. Run by two friends, David Massey and Geoff Ridgeon, the restaurant has an excellent reputation on a number of restaurant review sites. In February 2014 they took out a £30,000 business loan to develop the restaurant site.

Day 16 : Omi’s Apfelstrudel, Netherlands

Drink Omi’s delicious Apfelstrudel warm, cold, or with a little dash of spirit! Omi’s Apfelstrudel, who borrowed through the Funding Circle marketplace in the Netherlands, presses delicious juice in Austria’s apple growing centre “Steiermark”.

Day 17 : Lakeland Picnic

Lakeland Picnic produce lamb, beef and pork & chorizo burgers in South Cumbria. The business was established in 2007, when owner Michelle Partington saw a gap in the market to provide better quality street food. She borrowed £17,000 in September 2013 to revamp her stall and received the money in less than 7 days. Lakeland Picnic cater for events throughout the North West and have a stall at the ‘Street Food’ market Piccadilly Gardens, Manchester, every Thursday, Friday and Saturday.

Lakeland Picnic banner

Day 18 : Ark Consultants

Looking for a New Year challenge? Lancashire-based business Ark Consultants arrange the Original Mountain Marathon series, a two day mountain marathon event, and design outdoor clothing and equipment under the OMM brand. They borrowed £80,000 in 2013 to expand the business internationally.

Day 19 : Bramley & Gage

Treat someone special to the Bramley & Gage 6 O’clock Gin and Tonic Gift Set this Christmas. The family-run business has been manufacturing award-winning fruit liqueurs and gin in Gloucestershire since 1988. Father and son team, Edward and Michael Kain took out a £25,000 business loan to buy a new gin still to help them increase production. 

Bramley Gage Gin banner

Day 20 : Hales Gallery

Want to fill your coffee table with modern art books? Look no further than Hales Gallery. Directors Paul Maslin and Paul Hedge have been dealing contemporary art since 1992, and helped launch the careers of a number of Young British Artists during the ’90s boom. They’ve now taken three loans through Funding Circle to ease working capital, borrowing £200,000 from over 3,000 investors across the UK.

Hales Gallery Banner

In next week’s list of marketplace gift ideas we’ll be showcasing delightful everyday goods and handmade wreaths. Find out more next Monday!

Thank you to all investors

Thousands of people and larger investors have lent over £980 million to 12,000 UK businesses through the Funding Circle marketplace since 2010. Thank you for all of your support in 2015, and we look forward to bringing you more lending opportunities in 2016.

Looking for finance?

Looking for a business loan to help with seasonal demand? Check your eligibility online in just 30 seconds.

Rockin’ around the Christmas tree: how 1,171 investors are helping an Oxfordshire family business expand

Earlier this month we visited Mill View Plant Centre in Oxfordshire, which has been run by the Dallimore family for over 30 years. Today, the plant centre is run by Colin Dallimore, who has a self-confessed passion for plants, and his daughters Katie and Lucy. They sell a range of plants and shrubs, including vegetable plants, herbs and fruit trees, and at this time of year Colin stocks a large selection of Christmas trees and handmade wreaths.

The premium Christmas trees are pot grown and cut, and range between 3 and 9 ft tall. Wondering which type of Christmas tree might be best for the office we asked Katie’s advice. She explained the ‘Norway Spruce has a lovely smell, but for lower needle drop if you’ve got small children like me, I’d go for the Nordmann Fir.’ The plant centre offer a wrap and carry service, and if you live in Wheatley or adjoining villages they’ll even deliver your tree for free!

Mill View Plant Centre Katie

Colin and his daughters needed funds quickly as they wanted to progress the family business and rebuild the nursery’s old shop. They also saw a gap in the market for a coffee shop to create a better experience for their customers. Mill View Plant Centre borrowed £100,000 through the Funding Circle marketplace in November 2015 to expand and open a coffee shop so their customers can meet friends and buy plants together.

In this short video you’ll hear from Colin and his daughter Katie. Colin also has some special words to say to all of the people who lent to his business:

Are you interested in lending to businesses like Colin’s?

Support small businesses in the UK and you can earn a great return. It takes minutes to sign up online and you can use our investor information guide to help you get started. We have thousands of loans which you can be a part of, making it quick and easy to build a diversified portfolio. Remember, by lending to businesses your capital is at risk.

Do you need a business loan?

More than 12,000 businesses in the UK have accessed finance from the marketplace, helping them with cashflow, refurbishment and much more. Check your eligibility online in just 30 seconds.

What a night! Introducer Christmas Drinks Round-up

Last week, we hosted the Funding Circle Introducer Christmas Drinks at our office in London. It was a jolly affair with guests trying their hand at ping pong and enjoying a festive feast of mini mince pies, pigs in blankets and delicious sausage rolls – but not necessarily in that order!

Thank you to all who came, it was a valuable forum for us and is something we’ll be looking to do again in the New Year as we appreciate London is not accessible for all.

The drinks were a great opportunity to welcome Luke Jooste into the introducer team. Luke joined Funding Circle in November 2013 to set up our property product, and the team has since originated over £120 million in property finance loans. Prior to this, Luke was UK Head of Property Finance for Barclays Business Bank. Asked why he moved into the marketplace lending industry Luke responded: ‘it’s probably the most exciting development in the UK financial sector at the moment.’ We’re delighted he’ll be working with the introducer team into the New Year.

On behalf of the team and everyone at Funding Circle, we’d like to thank you for your support throughout 2015, and we very much look forward to doing many more deals with you in 2016.

Find out more about how we can help your clients by visiting our website, or chat with our dedicated business development team on 020 3667 2208 or send us an email.

New mobile iOS app available to download today!

Two weeks ago, we revealed a new version of the investor mobile app was coming soon. Today, we’re excited to announce that it has been approved by the App Store, meaning you can download the new version right now! Visit App Store.

The new Funding Circle mobile app for iOS 9 has been completely redesigned for investors, so you can access your account information quickly and securely when you’re on the move. You’ll enjoy:

– a fresh, new design for the new larger screen resolutions

– shortcuts for watching and bidding on loans

– improved user experience

– Touch ID and passcode enabled to make it easier to login

– updates for fixed rate changes to the marketplace

Screenshots of the new iOS app

4-inch (iPhone 5) - Screenshot 14-inch (iPhone 5) - Screenshot 2

 

4-inch (iPhone 5) - Screenshot 44-inch (iPhone 5) - Screenshot 5

Q&A with the mobile team

Before its release, we interviewed the team who have been working on the app. In case you missed it, read what Emma, Edu, Dallas, Ben and Rory think about the new app and what they have planned next.

1) What’s your favourite thing about the new app?

Edu: I really like the way data has been exposed through the new version of the app. For example, on the summary page, it is great to be able to see how my funds are distributed across the three different stages: available, bidding, or lent to a business.

Emma: I love the folding headers, where the images blur as you scroll up the screen.

Dallas: Knowing that there is a well-engineered structure inside which is based on solid architectural principles. Having the lower layers of the app made correctly helps all the animations built on top perform much better, and will be easier to maintain in the future.

Ben: The little things that have a story behind why they were chosen – like the effort the team spent debating and researching whether there should be five or six numbers in the passcode, or the way the business information cell has a set height that entices you to read on.

2) What was the most difficult part of the project?

Emma: Adding transparency to the bottom navigation bar was tough. It’s actually one of Apple’s default settings, but the other styling we added changed the default behaviour and we had to change multiple views to bring it back.

Edu: I think the most difficult part was planning at the start of the project. We sat in a room with white paper in front of us in order to define what could be improved and how we were going to do it. We started thinking of the different reasons someone would open the Funding Circle app, what they would be looking for, and how we were solving it on the first version of the app. There were several iterations of design and user testings which allowed us to progress from a user flow on paper to the final design and implementation. This has been a huge effort across several teams, and I truly believe it was worth it in order to offer the best experience possible to our users.

Dallas: Ensuring that we are focussing on developing the right features for the user, based on real evidence and user testing.

Rory: Having fixed rates on the marketplace is changing the behaviour of our users. We will be keeping a close eye on how users interact with the new app and will work hard to roll out the new features you want much more regularly than we have done before.

Ben: I agree with Rory.  The most difficult part will be deciding what new features we should add next.

3) What would you like to develop in the next iterations?

Emma: I’d like to see us implementing autobid settings or a secondary market feature, as I feel that these are becoming more important parts of the investor experience.

Edu: We are going to continue to be really proactive in listening to feedback from our users and making changes according to their needs. There are other features that I would like to see introduced. For example, being able to subscribe to notifications whenever a loan request matching certain criteria is listed; bringing the secondary market into the app; and probably the most immediate one, updating the iPad app to the new version.

Dallas: Implement some of the new features Apple have included in iOS such as 3D touch for extra user actions, spotlight search, Apple watch app and/or contextual notifications. These would be features that would be interesting to work on but we would first need user testing/validation to ensure our users would actually find them useful.

Rory: iPad – so we can expand and iterate on top of our existing component library. Doing so will allow us in the future to roll out new features across the two platforms simultaneously.

Ben:  I’m really looking forward to finding new ways to provide the most important information for customers at the right time – maybe something that tells you what has changed in your account since you last looked at the app.

Thanks for your time everyone!

Interested in using the app?

If you’d like to use the iOS app you can download it for free from the App Store. For those who used the first version, we hope you’ll notice a real improvement in performance and usability. 

Enjoy lending,

The Funding Circle team

Picture story: festive fayre, thanks to over 4,000 investors

Effectual Ltd initially specialised in secure storage solutions at their warehouse in Essex. However, eleven years ago business owner Jimmy Holder expanded into selling merchandise which has now become a key part of the business.

Effectual’s latest project is The Lapland Sack Company, which was born when Jimmy’s sons suggested selling Christmas stock. Helped by his team of elves David, Bonnie and John, The Lapland Sack Company sell a range of Christmas goodies, from Stockings to Sweet Jars and Santa Sacks, online and at their dedicated stall at Winter Wonderland in Colchester. The luxury jute sacks can be printed while you wait, and £1 from every sack sold is donated to charity.

Jimmy’s first experience of marketplace lending was in March 2014 when the opportunity arose to supply One Direction merchandise as part of the pop band’s VIP offer at their concerts. He needed finance quickly to be able to fulfil the order.

Describing his experience of Funding Circle, Jimmy said it was like a ‘breath of fresh air’ as it meant he could concentrate on building the business rather than worrying about finance. Effectual Ltd has now borrowed over £300,000, across three business loans, to fund new projects.

In this picture story, Jimmy discusses his experience of Funding Circle and you can see the sacks being personalised:

Lapland sack magical Christmas

Lapland sack storage

lapland sack merchandise

lapland sacks born sons

lapland sacks stockings

lapland jute sacks

lapland sacks charity

The lapland sack company business loan

lapland sack merry christmas

lapland sack business loan

 

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