FOLK2FOLK is a peer-to-peer business lender (P2P) specialising in secured lending for rural businesses and SMEs. It matches businesses looking for finance with local Lenders who receive a fixed interest rate of 6.5% p.a secured against UK property. Lenders receive the same interest rate that the Borrower pays, with FOLK2FOLK making its profit from an arrangement fee and annual renewal fee charged to Borrowers.
Formed in 2013, FOLK2FOLK exists to help create and sustain financially and socially successful local communities, empowering local businesses requiring debt finance by matching them directly with investors through its Peer-to-Peer lending platform. FOLK2FOLK enables Lenders to participate in supporting local UK businesses to grow and thrive driving positive impacts in local communities, creating job opportunities and contributing to the UK economy.