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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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Have you entered the 2020 Chamber Business Awards yet? Entries are free for Members and Non-members, and the oppor… https://t.co/FITIdskcaY
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Are you a farmer hesitating to invest in your business? Since the General Election, some announcements suggest that… https://t.co/KN6Bhz8BkR
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Some lovely feedback from one of our Lenders on #FeedbackFriday. We're always delighted to hear from our wonderful… https://t.co/GaF7YNkZ0S
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Did you know you can transfer your ISA to FOLK2FOLK to earn 4.5-9% p.a. tax-free? Our IFISA enables you to earn mon… https://t.co/t8D8xqWOfT
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Do you prefer to shop online or in-store? Reports show a continuing trend of consumers choosing to shop online rath… https://t.co/wMf7CZwu7f
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Thinking about starting a business or diversifying? From property developments, farm diversifications and business… https://t.co/MpJ52CfpbT
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All winners of the @HW_Chamber Business Awards will be automatically entered into the Business of the Year Award, s… https://t.co/BTY2VRe3sV
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#FeedbackFriday #FOLK2FOLK #TheLocalLendingMovement Capital at risk. No FSCS. https://t.co/gvkn3AmZqs
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Are you waiting for the right time to grow your business? There may be a lot of factors deterring you from progress… https://t.co/9iG3tEwRTx
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 |
|---|---|---|---|
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LendIt Europe | 20 Oct, 2015 | London, United Kingdom |
Address Folk 2 Folk
Folk 2 Folk13 Westgate Street
PL15 7AB Cornwall
United Kingdom