Week 49: 30 November – 4 December 2015
During December, we’re showcasing the best marketplace gift ideas for friends and family from Funding Circle borrowers. Part one included personalised Santa Sacks, award-winning food from Somerset and hats to see you through the festive season in style. Read our Ultimate Christmas Gift Guide (part two) to help make your Christmas extra special and support local businesses up and down the country.
New loans available to you
The total value of new loans listed on the Funding Circle marketplace was £16,177,800 averaging at £77,352 per loan. The largest loan value was £500,000 and the smallest loan value was £5,280.
Business loans available to bid on:
- Property developer is looking for £450,000 to build 22 new family homes in Surrey
- Marble specialist in Middlesex needs £105,280 to buy materials for a new project
- Family-run furniture wholesaler requires £250,000 to increase product range
- Legal consultancy in London is looking for £52,640 to develop an online resource
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: 30-Nov represents the week of 30th November – 4th 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)
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
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News you should know
Two new case studies coming soon
We visited 2 Funding Circle borrowers last week and the videos will be on the blog soon.
New images on the marketplace
We’ve updated the default sector images for loan requests. You can see the new images on the marketplace here.
Loans defaulted last week
School uniform supplier. Loan 10122. Risk band B
This East Dunbartonshire business was established in 1996 and has been placed in compulsory liquidation.
Landscapers. Loan 7242. Risk band D
This West Sussex business has been running since 2008 and is being placed in creditors’ voluntary liquidation.
Film production equipment supplier. Loan 9421. Risk band B
This Worcestershire business was established in 2003 and has instructed a debt management advisor.
Telecommunications service. Loan 1703. Risk band C
This Hampshire business has been running since 2008 and has been struggling to make its final repayment since March 2015.
Print company. Loan 8548. Risk band A+
This West Yorkshire business was established in 2008 and the borrower 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