Bristol lender hits £700m landmark total

Peer to peer lender FOLK2FOLK has passed the £700m lending milestone, cementing its position as the largest  lending platform to small businesses of its type in the UK.

Since its launch in 2013 the South West business has connected hundreds of local businesses with investors, providing loans from £100,000 to help those businesses start, grow and diversify in every region of the UK.

Investors meanwhile enjoy the security of property-backed investment opportunities delivering attractive returns – currently from 8.75% per annum – and a track record of zero capital losses to date.

FOLK2FOLK, which is based in Cornwall and Gloucester, said hitting the £700m lending milestone evidenced its commitment to encouraging and sustaining regional growth by bringing small businesses and investors together, with resulting positive knock-on impacts for local economies across the UK.

Roy Warren, managing director of FOLK2FOLK, said: “This achievement is testament to the trust and support of our borrowers and investors, and reinforces our mission to help create prosperity across the UK.

“We remain committed to providing fast, flexible, and friendly lending solutions that enable local businesses to thrive.”

Mr Warren said FOLK2FOLK’s approach to lending involves property-secured loans and a personalised lending process.