Lending-based platform Funding Circle recently shared a breakdown of statistics from October. Among revelations in the post: £12.5 million loaned to UK businesses last month alone.
Over £3 million was lent to businesses across the UK last week, contributing to a total of £12.5 million for the whole of October. New businesses looking for funding included a retailer of prescription glasses and Coventry-based fruit & vegetable retailer. The majority of businesses were in the retail sector and the most common reason for needing finance was to help them expand.
Another interesting aspect of the post is the running average gross yields for loans to borrowers of differing ratings…
