The complete guide to crowdfunding and alternative finance in Europe
Folk 2 Folk
General
Founded: 2013
Type: Peer-to-Peer (P2P) Business Lending
Peer-to-Peer (P2P) Business Lending - geography: United Kingdom
CO. no.: 653790
Regulation
Regulated as of: 2014
Regulator: Financial Conduct Authority
Regulation: Interim Permissions: Credit brokerage and Peer to Peer Lending
Social
Description
Folk2Folk is one of the UK?s largest peer-to-peer lenders to business in the UK and is focused on local lending by introducing funding to Borrowers typically sourced from within their community.
With a friendly, high street presence, Folk2Folk offers straightforward interest-only lending to businesses looking for a minimum of �25,000 at a fixed rate of 6.5%. All loans must be secured against property (but not primary residence) and up to 60% of the value of the security may be borrowed.
There is no maximum age limit and Borrowers are able to receive a decision within 24-48 hours and access the funds they need typically within just 7-10 days from application. Borrowers and Lenders can choose the term between 3 months and 5 years.
Website
Founders Folk 2 Folk
Founder and Director, Louis Mathers
Type: Entrepreneur
Description: Louis is a co-founder of Folk2Folk and is responsible for IP protection, brand related issues, marketing sign off and public relations, as well as legal oversight.
Tweets by Founders, Employees & Folk 2 Folk
-
Fab wk celebrating 30yrs of @LowerTreginnis w Patron @RoyalFamily #HRHThePrincessRoyal, co-founder #MichaelMorpurgo… https://t.co/PR9mxPZef3
-
BUSINESS LOAN APPROVED! £50,000 for the renovation of a bungalow into a holiday let in #Cornwall. This type of thin… https://t.co/FGvp6j67IT
-
What's the Secret To Keeping Britain's Farms Profitable? As more and more farmers are finding it hard to make a li… https://t.co/MixEsv4ZKB
-
The @CheltenhamBC agrees partnership deal to help fund small businesses. @fsb_policy @Folk2FolkUK #glosbiz Read mo… https://t.co/xmU1o5emMa
-
Thinking about diversifying your rural business? Pop by the @CLAtweets stand at @Farm_Innovation Show to hear their… https://t.co/mPj8jTmvpx
-
Keeping business investment local https://t.co/ITAJdGw6yW @Folk2FolkUK @CheltenhamBC https://t.co/N7kqrJTFT8
-
Cheltenham Council are helping #local businesses whilst building the council's #cash reserves! A #winwin for the co… https://t.co/2KLfRS1LyY
-
New loans are now available for local small to medium size enterprises support their business growth.… https://t.co/Y43kfJ40XL
-
Your latest issue of #FOLKUS has arrived! Get your monthly fix of #FOLK2FOLK news, customer stories and upcoming e… https://t.co/lfErTRNt7Z
-
INVESTMENT OPPORTUNITY FILLED: Development of a 4 bed property in West Sussex, 40% LTV (MV) means our Lenders are e… https://t.co/0gEowEUMsj
Relevant News for Folk 2 Folk2
Leading Westcountry peer-to-peer lender Folk2Folk has announced the appointment of a new local team at its Midsomer Norton branch.
With a focus on keeping money local and within the county, the Launceston-based firm offers a straightforward way for people to invest money in local business whilst benefitting from a competitive interest rate.
Folk2Folk appointed Jane Dumeresque as CEO to help grow the business and expand its successful model around the country.
Events with Folk 2 Folk
| Company (click) | Event | Date | Location |
|---|---|---|---|
|
LendIt Europe | 20 Oct, 2015 | London, United Kingdom |
Address Folk 2 Folk
Folk 2 Folk13 Westgate Street
PL15 7AB Cornwall
United Kingdom