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Folk2Folk Review
Folk2Folk is a distinctive peer-to-peer lending company based in the UK, established in 2013 with a mission to facilitate local and rural business growth by connecting them with investors seeking ethical investment opportunities. The firm stands out in the financial landscape by emphasising community and local development, offering secured lending against property to ensure that investments are tangible and safeguarded.
Folk2Folk specialises in providing secured loans backed by property, primarily focusing on the needs of rural businesses, farmers, and landowners. These loans are primarily used for a variety of purposes including business expansion, property development, agricultural projects, and bridging finance.
Secured Business Loans from Folk2Folk can be particularly advantageous for businesses looking to expand or diversify. For example, a farm looking to finance additional land purchase or diversify into tourism-related activities could benefit from a Folk2Folk loan, secured against their existing property or land.
Property Development Finance is another key area where Folk2Folk provides essential support. This funding is crucial for developers engaged in building or renovating residential or commercial properties, especially in rural or semi-rural areas, promoting local development and contributing to community enhancement.
Bridging Loans are offered to help businesses manage cash flow during critical periods or to bridge the gap between buying and selling property. These loans are particularly useful for businesses that need quick access to funds in order to capitalise on a new opportunity or finalize ongoing projects.
Folk2Folk’s approach to lending is based on a peer-to-peer model, which not only enables investors to earn interest from their investments but also contributes directly to the economic growth of their local communities. Their emphasis on secured lending gives both borrowers and lenders an added layer of security, making Folk2Folk a trusted platform for those interested in contributing to and benefiting from the growth of local businesses across the UK. For SMEs in rural areas or those involved in property-related activities, Folk2Folk offers a reliable, community-focused funding option.