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Our statistics

Funding Circle is the world’s leading lending platform where investors directly lend to small businesses

Lending through Funding Circle helps boost the economy, create jobs and build homes across the UK

Read the full report by the Centre for Economics and Business Research, August 2016.

Between 2010 – June 2016
£2.7 billion Added to the UK economy
40,000 New jobs supported
2,200 New homes built

Investor returns

You can earn attractive, stable returns

It is important to remember that past performance is not a guide to future performance, and your capital is at risk when lending to businesses. Actual returns may be higher or lower than estimated.

*This is the weighted average return across all investors lending for one year or more through Funding Circle over an annualised period. It includes all earnings and is calculated after fees and bad debt but before tax. Investment through Funding Circle involves lending to small and medium sized businesses so your investment can go down as well as up. Data is correct as of 31st December 2017. See the full calculation here.

per year

All time average annual return, after fees and bad debts, but before tax

£135 million

Interest earned by investors after fees and bad debt, but before tax. Correct as of 31st December 2017

How Funding Circle loans have performed by year of origination

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  • Projected annual return at origination
  • Updated projected annual return as of 31st December 2017

This chart shows how Funding Circle loans are performing, after fees and bad debt but before tax, by year of origination - or the year the loans were made. It shows both the return we estimated the loans to achieve at origination, and our updated estimates incorporating actual returns received so far for each year of loans.

It’s important to remember that it can take up to five years for loans to be fully repaid, so the updated annual returns shown may change over time as some businesses will not be able to fully repay their loans. See how these returns are calculated.

Risk management

Bad debt is a normal part of lending to businesses

As part of lending to small businesses, it’s important to remember that a percentage will be unable to repay their loan, because something significant changes in their business. We call this bad debt. When this happens, we work with the borrower to get the best result for all parties and recover as much for you as possible. Read more on how our collections and recoveries process works here.

Annual bad debt rate, after recoveries, of all Funding Circle loans by loan amount


Recovered on defaults from 2010 to 2014 (inclusive). Data correct as of 31st December 2017

Annualised bad debt rate by year of origination

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  • Updated annualised bad debt rate as of 31st December 2017*

Bad debt has remained stable since 2013

This chart shows the annualised bad debt rate for each year of origination. The annualised bad debt rate is the percentage of loans, by loan amount, that do not repay over their total lifetime.

*The updated annualised bad debt rate is calculated by taking the actual bad debt rate for each year of origination to date, and incorporating the estimated bad debt rates for years that have not yet fully matured. It includes the recoveries we expect to make from each year of origination.

What could happen to returns in an economic downturn?

As part of our commitment to building a stable and sustainable platform, we conduct stress tests to simulate what could happen to investor returns during an economic downturn.

The results show that investor returns are likely to remain attractive even in an economic downturn. See the full results of our stress test on our blog.

Diversification aids stable returns

Diversification, where you spread your lending across many businesses, is the best way to earn a stable return. By following these two steps, you can reduce the risk of experiencing a volatile return:

  • Lend to at least 100 businesses
  • Lend no more than 1% of your portfolio to each business


Investors earning a positive return after following these steps for at least a year


Investors earning 4% or more after following these steps for at least a year. Data correct as of 31st December 2017

Our platform performance in detail

We’re building a better financial world

Part of this is being open and transparent, which is why we publish performance data for all loans listed on the Funding Circle platform.

£2.7 billion

Total amount lent to UK businesses


Number of loans funded since 2010

peer2peer Finance Association

All members of the Peer-to-Peer Finance Association provide statistics showing figures on non-performing loans and bad debts. Data updated quarterly; correct as of 31st December 2017.

Amount lent(£)------
Gross interest rate------
Projected annual return at origination------
Updated projected annual return------
Actual annual return to date (after fees and bad debt, before expected recoveries)------
Actual arrears more than 45 days------
Estimated lifetime bad debt rate at origination------
Updated estimated lifetime bad debt rate------
Actual lifetime bad debt rate------
Principal repaid------
Average age of loans (months)------

This table outlines how loans are performing in more detail.
You can see how much has been lent and repaid so far for each year.

Funding Circle loanbook highlights


Loans originated and repaid

Since we launched in 2010, investors have lent over a billion pounds through the platform, making Funding Circle one of the largest sources of finance for small businesses in the UK.

- Loans originated
- Loans outstanding
- Principal repaid

On-time and late payments

Occasionally businesses may experience difficulties as they repay their loan. This may be due to a large supplier pulling out, or they may themselves be a recipient of a late payment from one of their customers. In these instances, we work with the borrower to help them get back on their feet so they can make full repayments as soon as possible.

- On-time
- Late <30 days
- Late 30-59 days
- Late 60-89 days
- Late ≥90 days

Bad debt and recoveries

When a business is unable to repay their loan, our in-house collections and recoveries team work on your behalf to get the best result possible. You can read more about the recoveries process on our blog. Bad debt figures include defaulted property loans which are secured.

- Recoveries
- Bad debt

Download the Funding Circle loanbook

We update our published loanbook on a daily basis for the benefit of Funding Circle investors. Registered investors can download the entire Funding Circle loanbook.

Download the loanbook
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Remember, by lending to businesses your capital is at risk.