Funding Circle touted a record-breaking £47.5 million was lent to businesses across the UK through its marketplace in July. Currently 46 loan requests on the marketplace are available, including a property developer building 4 new homes in Wigan and a fundraising business looking to expand. The total value of new loans listed on the Funding Circle marketplace was £11,440,520, averaging at £84,304 per loan. The largest loan value was £515,480 and the smallest loan value was £5,000.
Funding Circle business loans still available for bidding include:
- Property developer needs £480,000 to build 3 new homes in Liverpool
- B&B in Wales is looking for £34,740 to improve the business
- Family-owned farm requires £51,560 to install solar panels
- Construction business needs £400,000 to build 3 houses in Oxford
- Electronic angler requires £70,000 to introduce a new product range
Weekly marketplace trend update
The following graphs show the most recent activity on the marketplace. The average gross yield graph is reported weekly and shows a rolling two week average of gross yields. This calculation assumes interest reinvestment each month and therefore includes the compound interest earned, according to Funding Circle.
Weekly average gross yield (2 weeks rolling)
Number of listed loans per week
Listed loan value per week
Total amount lent
Loan parts available to buy from other investors
In addition, for those investors lending to less than 100 businesses (and are not part of the 100 club), Funding Circle posted a short video which runs through the basics of diversification and how investors can diversify at Funding Circle.
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