Funding Circle Update: Did You Help 146 Businesses Access Finance Last Week?

Funding Circle Founders UKFunding Circle posed the question on its blog, “Did You Help 146 Businesses Access Finance Last Week?” While many readers were still on holiday, during the week of 4 – 8 January, it was back to business for fintech and the crowdfunding sectors!  Funding Circle 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.

Funding Circle is currently offering 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. One’s actual return may be higher or lower as capital is at risk, according to the blog.

Graphing the most recent activity on the marketplace, the dates shown by Funding Circle on the graphs below 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 one reinvests interest each month and therefore includes the compound interest one earns (The calculation is AGY = (1 + (two week rolling weighted average rate/12))^12 – 1). Readers can view the latest gross interest rates accepted on the marketplace on Funding Circle’s 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, beginning in October 2015.

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.

For the full report on Funding Circle’s blog, click here. Will readers help businesses access finance this week?


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