Week 40: 28 September – 2 October 2015
Last week, you and other investors helped 175 businesses across the UK access £12.3 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
The total value of new loans listed on the Funding Circle marketplace was £11,807,640 averaging at £70,485 per loan. The largest loan value was £490,000 and the smallest loan value was £5,000.
Business loans available to bid on:
- Family-run farm in Derbyshire needs £156,260 to build a free range hen unit
- Award-winning cafe in Tonbridge requires £125,000 to open a new coffee shop
- Print company in Reading is looking for £156,260 to re-brand
Loan parts available for you to buy:
- Independent estate agent in Cheshire is opening another branch. Gross interest rates from 16.8 – 17.9%
- Property developer building 9 flats in Bournemouth. Gross interest rates from 5.3 – 8.0%
- Commercial cleaners are purchasing equipment to expand. Gross interest rates 8.9 – 10.8%
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-Sept represents the week of 28th September – 2nd October 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
Loans defaulted last week
Swimming pool installations. Loan 10763. Risk band B
This Glasgow business has been running since 1995 and was placed into compulsory liquidation on 24 August 2015.
Energy efficient combi-boiler installers. Loan 9218. Risk band B
This Dundee business was established in 2011 and has breached terms within their loan contract.
Plant hire. Loan 7687. Risk band B
This Essex business has been running since 2001 and was placed into administration on 24 August 2015.
Synthetic ceramic specialists. Loan 480. Risk band B
This Kent business was established in 1990 and was placed into administration on 9 April 2015.
Online retailer. Loan 1706. Risk band C
This Lancashire business has been running since 2009 and the guarantors have instructed a debt charity.
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 on our blog.
Enjoy lending, The Funding Circle Team