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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@RacheinCornwall Thanks @RacheinCornwall
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#P2Plending remains at the bottom of the list for many financial advisors when making investment recommendations to… https://t.co/bThIL9Njkt
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Thinking about how to get the finance you need to start, adapt or diversify your business in 2021? We have funds a… https://t.co/2eAe8jVYo1
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Congratulations to @Folk2FolkUK for being nominated for the Moneyfacts Awards. @Moneyfacts_couk #P2Plenders https://t.co/tr23QAPEdg
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@p2pfinancenews @Moneyfacts_couk Thank you @p2pfinancenews. Fingers crossed!
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Great way to kick off 2021: as a finalist for “Best Service from an Alternative Funding Provider” Business Moneyfac… https://t.co/NTjXDWuG62
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Interesting looking webinar for any #SMEs wanting to know more about the impact of #Brexit on their currency planni… https://t.co/sZf6hu4wtF
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The Business Moneyfacts Awards 2021 finalists in the Best Service from an Alternative Funding Provider category are… https://t.co/pMg8Swwihz
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A new year and a new lockdown but we're still here, ready to help you and your business. Talk to us to see if we c… https://t.co/QzADK5Ny17
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Merry Christmas from the Folks! #Christmas2020 #FOLK2FOLK #investing #BackingBritishBusiness #LoansforSMEs… https://t.co/6nwZTtxcw1
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