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
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🌟 Entries are NOW OPEN for the 2021 Chamber Business Awards! 🌟 With 15 categories to enter, don’t miss this opport… https://t.co/RKHJRN1tTC
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FOLK2FOLK COMES OF AGE. Read more on the @BizInnovateMag website https://t.co/nDk3j5ZJQf @Folk2FolkUK https://t.co/D4XMfOxLxJ
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We’re a friendly bunch at #FOLK2FOLK and we love seeing the positive and life changing impact finance can have. We… https://t.co/Ydzg2vJq1O
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Lender to surpass £1M profit target - https://t.co/yQghaug2Lj
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Don't miss the chance to celebrate your #Worcester business https://t.co/7s2juTylc0
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Chamber Business Awards now open for entries. No need to be a chamber member to enter. #herefordshire… https://t.co/icDCNSU0tH
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Something to look forward to! A great opportunity for #Local businesses to shine. #proudsponsor #hereford… https://t.co/E2ZNWoTejs
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Happy Easter from all the FOLKS! We hope you have a chance to enjoy some sunshine with friends and family! Our op… https://t.co/AQbh3EOQEQ
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FOLK2FOLK on course to surpass £1M profit target for 2020. Read the full story here: https://t.co/rNvxiXTG2B… https://t.co/qTPk8BZ2fm
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National #marketplace lender for #SMEs @Folk2FolkUK on course to surpass £1m profit target: https://t.co/I356PFWZQK… https://t.co/4qFhJgo0h3
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