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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 Ł25,000 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
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Find out more about investing via FOLK2FOLK: https://t.co/4HIIbWYAHh #KeepTheEconomyMoving #BackBritishBusiness… https://t.co/WxAkTZosIz
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#KeepTheEconomyMoving #BackBritishBusiness #TheLocalLendingMovement https://t.co/blqGjDZlLz
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Lender reports record pay-outs - https://t.co/XbPtM70PJH
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Returns on offer for P2P investors during Covid-19: Part 2 #business #finance #P2P #investors #covid19 https://t.co/UC7o7Nsjzo
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FOLK2FOLK investors have injected a total of £350m into #SMEs unable to access finance from their bank - helping ot… https://t.co/UFFrDdZQFy
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Folk2Folk delivers record interest payments #business #finance #P2P #Folk2Folk https://t.co/CA4zVd6MSV
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It's all thanks to our FOLK2FOLK Lenders (investors) that we're able to help #SMEs access the finance they need.… https://t.co/79XwxUvW0P
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Will lockdown revive our local retail habits? Read here: https://t.co/lYHZnEnWjB #Rural #BackBritishBusiness https://t.co/TSFrZSJdJ2
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Has social distancing made us more social? We think so thanks to a host of digital options: https://t.co/4eC4jgzdGZ https://t.co/jbUzG2gS1u
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*KEEP THE ECONOMY MOVING BY INVESTING IN BRITISH BUSINESSES* Loan required by experienced property developer (& re… https://t.co/gebBFUB6f7
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