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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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Heading to @NACFB Commercial Finance Expo tomorrow? Make sure to drop by stand D07 and meet one of our Broker Partn… https://t.co/aPBg4kLft7
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INVESTMENT OPPORTUNITY - FILLED: Our Lenders now earning 5% p.a. interest paid monthly to fund a £80,000 property d… https://t.co/bjCkwRQcBH
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Are you a small or aspiring business owner in Shropshire? Why not check out what one of our previous #thesmalls win… https://t.co/GJYt0NbX2c
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INVESTMENT OPPORTUNITY - FILLED: A barn conversion in Oakham with 45% LTV (Market Value) means our Lenders earn 6.5… https://t.co/cXJQ7CSQeC
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Are you looking to start or grow your #Shropshire business? Would you like to find out about the funding and suppor… https://t.co/TV8sh61PKD
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Great to be part of the @clamidlands breakfast yesterday, thank you to @Folk2FolkUK and @FrankSmithandCo for the in… https://t.co/BLqSoUOVkD
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That’s how to spend a Friday! We all really enjoyed our day in the @Circle2Success Hospitality Pavilion… https://t.co/Nla0mZZ2EO
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Our lovely Sue McIntosh-Gibbs at the @3countiesshows #farmersawards last night! 🥂 https://t.co/sraDzWMXsm
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Want to be the first to hear about our upcoming events, job opportunities and industry news? Then sign up to receiv… https://t.co/qRep0Xp95P
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It’s still raining outside but absolutely fine in the marquee for @clamidlands Three Counties Breakfast. The best… https://t.co/oStkqvzl4f
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