What does it mean if a loan has no risk band?

A loan is downgraded to have no risk band if an event has occurred on that loan. These events could include Funding Circle receiving notice that a business is in administration, has ceased trading, is in liquidation, insolvency or some other event has occurred to alter the original risk band classification. Comments will be posted in the Summary section of the website if a loan has been downgraded to have no risk band. Many loans continue to repay to investors when an event has occurred, and this is done as a precautionary measure. Loan parts in loans where no risk band has been assigned currently cannot be sold to other investors.