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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.

  • Business loans from £50,000
  • Borrow from 6 months - 5 years
  • Rates from 0.38% p.m.
  • Interest-only
  • Funds in weeks not months

Talk to us about your business or project

Borrower enquiry form

 

 

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.

 

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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 B&Bs, 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.
  • 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?)

How borrowing works

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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?

Summary of our loans

Commercial Loan Development & Construction Loan
PURPOSE

A loan for any business purpose* including farm/agricultural property conversions.

A loan for property developers and construction projects.

AMOUNT

£50,000-£5m +

£50,000-£5m +

TERM

6 months-5 years

6 months-5 years

RATE (per month)

From 0.38% p.m.

From 0.42% p.m.

LTV% (market value)

Up to 60%

Up to 60%

Talk to us
Commercial Loan
PURPOSE

A loan for any business purpose* including farm/agricultural property conversions.

AMOUNT

£50,000-£5m +

TERM

6 months-5 years

RATE (per month)

From 0.38% p.m.

LTV% (market value)

Up to 60%

Development & Construction Loan
PURPOSE

A loan for property developers and construction projects.

AMOUNT

£50,000-£5m +

TERM

6 months-5 years

RATE (per month)

From 0.42% p.m.

LTV% (market value)

Up to 60%

* except property development and construction – see Development & Construction Loan
 
“Excellent – allowed us to move our business to an ideal location and expand.”
Mr & Mrs Fuller, Borrower
FOLK stories
Our customers love what we do
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 ‘other checks’

Our credit assessment process includes undertaking credit reference checks, due diligence, checking asset ownership and often holding a personal meeting prior to loan approval.

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