A pioneering people-to-business lending company is opening a new agency in Devon on Wednesday 8 October. After reaching a £35 million landmark in loans advanced, the Cornish company, Folk2Folk, has chosen Crediton as the location for its first agency. This forms a key part of their rapid and ambitious growth plans.
People in Crediton and the surrounding area will be able to learn about a new way of accessing and investing money in the South West through Folk2Folk. The company has teamed up with long established accountants Bedford & Co, to open the agency and is delighted to welcome the Crediton team on board.
Managing Director David Brown said: “We have always known that we wanted to expand our reach and allow more people to invest in the South West as well as see competitive returns on their capital.” “The Crediton agency will be the first of many, as we expand across the region to meet the demands of our clients.” “We know Andy Bedford, Sean Hartrey and their team have many years experience in finance, and to be in Crediton, where we know there is a strong sense of community in the town, is perfect as it’s a similar area to that of Launceston where our head office is based.” Folk2Folk is leading the way in alternative finance, matching lenders with the right borrowers through its boutique high street presence. Lenders typically earn 7% on their investment.
The expansion of Folk2Folk has seen new jobs created and has helped over 100 new homes to be built. Folk2Folk has facilitated loans of over £35million since it launched 18 months ago. The company expects its ‘loan book’ to grow to £60million over the next year and is considering locations throughout the UK over the coming weeks to enable that growth to happen. You can register as a Folk2Folk lender at www.folk2folk.com, arrange a personal visit or find out about recruitment by telephoning 01363 774545. Alternatively email creditonagency@FOLK2FOLK.com.