Borrowing 0330 058 3153
Lending 0330 053 5532
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Grow, develop and diversify with a peer to peer business loan from FOLK2FOLK

Straightforward peer to peer lending to kick start your business or take it to the next level.

  • Secured business loans from £50,000 to £5m or more
  • Interest-only
  • Receive a decision within 24 - 72 hours*
  • Fixed or flexible loans from 6 months – 5 years
  • * You’ll receive a decision on your loan within 24-72 hours of completing and submitting an application if all relevant documents are provided and there are no complications.

Efficient, happy and stress-free business funding

We know how stressful borrowing money can be. We aim to deliver an efficient, happy and stress-free borrowing experience. We try to do this by making everything simple and transparent and giving you answers as fast as we can. So whatever your reason for applying for a peer to peer business loan – hiring staff, refurbishing premises, purchasing equipment, diversifying or simply for cash-flow purposes – why not contact us?

Your property against which the loan is secured could be at risk if you don’t meet payments.

 

Talk to us

Who can borrow through us?

We facilitate business loans for a wide range of rural and local businesses from farmers seeking to diversify, property renovators and developers, country hotels and pubs, food and drink producers, manufacturing businesses, yoga studios, cafes and golf courses to name a few.

To be eligible:

  • You must own land or property, other than your home, against which to secure the business loan. We lend a maximum of 60% of the forced sale value of the security (what do we mean by this?)
  • You’re looking to borrow £50,000 or more
  • You’re based in the UK (excluding the Isle of Man and the Channel Isles)
  • You’re over 18
  • You pass our credit and other checks (what do we mean by this?)

What’s involved

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Talk to us

Tell us your plans and we’ll tell you whether you’re eligible for a peer to peer loan and assign you a dedicated Client Relationship Manager.

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Apply

Your Client Relationship Manager will guide you through what information and documents we require to progress your business loan application.

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Loan approval

We review your peer to peer loan application and you’ll receive a decision within 24 - 72 hours*.

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Loan offer

You'll receive an official offer letter and we’ll match you with our approved Lenders.

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Security property is checked

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Granted access to funds

You are granted access to your business loan funds so you can get down to business!

*You’ll receive a decision on your loan within 24 - 72 hours of completing and submitting an application if all relevant documents are provided and there are no complications.

What's right for you?

Choosing a loan

Our short to medium term loans offer you funds and flexibility when you need them most. Choose from our flexible Rolling Loan, our Fixed 1 or 2 Loan, or our Fixed 3, 4, 5 Loan to find the best business loan for you.

Rolling Loan Fixed 1 or 2 Fixed 3, 4 or 5
Loan Term

A flexible loan with a minimum term of 6 months rolling up to 5 years maximum

A fixed loan for 1 or 2 years

A fixed loan for 3, 4 or 5 years

Interest Rate payable monthly

6.5% p.a. – Maximum LTV 60%

6.5% p.a. – Maximum LTV 60%

6.5% p.a. – Maximum LTV 60%

Fees
  • 2% Initial arrangement fee
  • 1% Annual arrangement fee
  • Legal costs and disbursements
  • 2% Initial arrangement fee
  • 1% Annual arrangement fee
  • Legal costs and disbursements
  • 1.5% Initial arrangement fee
  • 1% Annual arrangement fee
  • Legal costs and disbursements
Loan Extension

Not Applicable

  • Yes. Maximum combined loan duration 5 years.
  • 1% Extension fee (subject of availability and review) + legal costs
  • Yes. Maximum combined loan duration 5 years.
  • 1% Extension fee (subject of availability and review) + legal costs
Redemption
  • Notice period 3 months
  • Redemption admin charge of £250 +VAT (legal charge)
  • No early or partial repayment admin charge.
  • Notice period 3 months
  • Redemption admin charge of £250 +VAT (legal charge)
  • Plus additional 3 months’ interest payable to Lenders
  • No early or partial repayment admin charge.
  • Notice period 3 months
  • Redemption admin charge of £250 +VAT (legal charge)
  • Plus additional 3 months’ interest payable to Lenders
  • No early or partial repayment admin charge.
Partial draw-down

Available.

Not Available.

Not Available.

Example Loan Purposes
  • Property development
  • Working capital

 

  • Agriculture/diversity
  • Leisure & tourism
  • Renewables
  • Working capital
  • Agriculture/diversity
  • Leisure & tourism
  • Renewables
  • Working capital
Talk to us
Rolling Loan
Loan Term

A flexible loan with a minimum term of 6 months rolling up to 5 years maximum

Interest Rate payable monthly

6.5% p.a. – Maximum LTV 60%

Fees
  • 2% Initial arrangement fee
  • 1% Annual arrangement fee
  • Legal costs and disbursements
Loan Extension

Not Applicable

Redemption
  • Notice period 3 months
  • Redemption admin charge of £250 +VAT (legal charge)
  • No early or partial repayment admin charge.
Partial draw-down

Available.

Example Loan Purposes
  • Property development
  • Working capital

 

Fixed 1 or 2
Loan Term

A fixed loan for 1 or 2 years

Interest Rate payable monthly

6.5% p.a. – Maximum LTV 60%

Fees
  • 2% Initial arrangement fee
  • 1% Annual arrangement fee
  • Legal costs and disbursements
Loan Extension
  • Yes. Maximum combined loan duration 5 years.
  • 1% Extension fee (subject of availability and review) + legal costs
Redemption
  • Notice period 3 months
  • Redemption admin charge of £250 +VAT (legal charge)
  • Plus additional 3 months’ interest payable to Lenders
  • No early or partial repayment admin charge.
Partial draw-down

Not Available.

Example Loan Purposes
  • Agriculture/diversity
  • Leisure & tourism
  • Renewables
  • Working capital
Fixed 3, 4 or 5
Loan Term

A fixed loan for 3, 4 or 5 years

Interest Rate payable monthly

6.5% p.a. – Maximum LTV 60%

Fees
  • 1.5% Initial arrangement fee
  • 1% Annual arrangement fee
  • Legal costs and disbursements
Loan Extension
  • Yes. Maximum combined loan duration 5 years.
  • 1% Extension fee (subject of availability and review) + legal costs
Redemption
  • Notice period 3 months
  • Redemption admin charge of £250 +VAT (legal charge)
  • Plus additional 3 months’ interest payable to Lenders
  • No early or partial repayment admin charge.
Partial draw-down

Not Available.

Example Loan Purposes
  • Agriculture/diversity
  • Leisure & tourism
  • Renewables
  • Working capital
"In a time when getting hold of finance for viable business projects with sound security is difficult, FOLK2FOLK offered a fast and effective solution."
D. Gundry-White, Borrower
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The important bits What you should know about peer to peer loans

Before you take out a FOLK2FOLK secured loan it’s important you read and understand our Terms & Conditions. It’s also important you’re aware of the following things before you apply:

What is the cost of a FOLK2FOLK peer to peer loan?

We are transparent about how our secured loans work and how much it costs. Find out more

Your property is at risk

The property against which your business loan is secured is at risk if you do not meet the agreed payments.

What happens if you default on your payments

Your property against which your peer to peer loan is secured could be at risk, find out how we handle defaults.

FAQs

For other frequently asked questions, click here to read more.

Borrower guide

For more information about what you should consider before borrowing via a peer-to-peer platform, please read our Borrower Guide.

The cost of a FOLK2FOLK business loan

We’re transparent about how we process our secured loans and how much they cost. The cost of a FOLK2FOLK business loan is made up of three components:
  • Monthly interest payments to your lenders.
  • Initial and Annual Arrangement Fees to FOLK2FOLK for arranging the secured business loan over its lifetime.
  • Third party fees and disbursements such as legal fees and land registry fees.

To see a full overview of which business loan costs are applicable to your secured loan application, refer to the fee table in our Terms & Conditions

What we mean by Forced Sale Value

The valuation we use is not an open market valuation, but a valuation based on the assumption that contracts for sale are exchanged within a 60-day period. This type of valuation typically gives a lower value than an open market value.

What we mean by ‘other checks’

We undertake normal credit referencing, credit status checks, due diligence, check asset ownership, and often hold a personal meeting prior to loan approval. We also pass your business loan application through our Credit Risk Committee, who use their expertise and collective knowledge to assess your proposal.This approach means we take a common sense and holistic view of your business or project.

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