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 about getting a #business #loan via FOLK2FOLK https://t.co/4HIIbWYAHh #BackingBritishBusiness… https://t.co/q9d1yeqm89
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#BackingBritishBusiness #BusinessLoans #KeepTheEconomyMoving #FOLK2FOLK https://t.co/4HIIbXgbyP https://t.co/sUtSfHYQne
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Great resource for rural businesses. https://t.co/21Kokk6krb
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Exciting news! This partnership with @CrossLend will enable us to fund more #rural and #local #businesses by increa… https://t.co/XPyyjEdZEi
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If you’re looking to #finance your #propertydevelopment ambitions or your #renovation dreams - perhaps we can help.… https://t.co/SGsH9HLJtg
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@ThePrivateHill Congratulations from all of us FOLKS!
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Alternative business lender @Folk2FolkUK has announced its partnership with the institutional digital debt marketpl… https://t.co/1jwf26BPTF
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Delighted to announce our collaboration with @CrossLend enabling us to increase our Institutional investor pool & e… https://t.co/6uiMPDc9UM
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Despite the gloom of our current health problems there are glimmers of positive news across our farming sectors. Re… https://t.co/dliltqO279
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FOLK2FOLK partners with CrossLend to strengthen its institutional investor strategy https://t.co/txHNMd5hq5
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