Funding Circle: Weekly lending review

By AltFi on 25th September 2013

P2P/Marketplace Lending

Last week was a big week at Funding Circle as the company produced their best figures, for lending, since launching in 2010.  

Funding Circle: Weekly lending review

A record £3.5 million, worth of lending, made its way to businesses through the UK thanks to the peer-to-peer lending company.  The Midlands and the South East of England were the two most popular areas for loan requests, with working capital cited as the loan purpose for the majority of loans.

There were 56 new business loans listed last week and there are currently 30 auctions on the marketplace. (24th September)

The total value of the new listed loans was £3,109,500; that’s an average of £55,527 per loan. The largest loan value was £150,000 and the smallest loan value was £5,000.

There are still some business loans still available for bidding on for the next 3 days or more and these are:

  • Meteorological equipment supplier is looking for a £50,00 loan
  • Care home group needs a £150,000 loan
  • Vocational driver trainers require a £100,000 loan
  • Chartered insurance brokers are looking for a £35,000 loan
  • Accountancy firm in London needs a £100,000 loan
  • Swimming tuition providers require a £100,000 loan
     

For more information visit Funding Circle at: https://www.fundingcircle.com/homepage

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