FOLK2FOLK is a peer-to-peer business lender (P2P) specialising in secured lending for rural businesses and SMEs. FOLK2FOLK’s MarketPlace enables its investors to offer loan investments for sale at par to other FOLK2FOLK investors. MarketPlace is our secondary market where our Lenders can buy existing loan investments from other FOLK2FOLK Lenders. 08178576) is authorised and regulated by the Financial Conduct Authority (FRN 720867). If none of our new loan investment opportunitiestake your fancy, you can choose to buy an existing loan investment via MarketPlace. Folk2Folk notes that companies have been negatively affected because many of them were forced to suspend operations during nationwide lockdowns. The peer to peer lender is hoping the deal will help it find new institutional investors to fund government-backed loans.The peer to peer lender, which has recently been accredited for the Coronavirus Business Interruption Loan Scheme, will hope the deal will help it find new institutional lenders for the government-backed loans scheme helping those companies hit by coronavirus.Funding government-backed loans by non-bank lenders has proved problematic, particularly as non-bank lenders have been prevented from accessing cheap finance from the Earlier this month, thousands of small businesses hoping to secure a government-backed Bounce Back Loan had their hopes quashed after non-“We’re in the match-making business, so it made sense to use the same marketplace approach to introduce us to new institutional investors.”Oliver Schimek, CEO, founder, CrossLend, said: “We’re excited to partner with Your daily 7am download of all things alternative finance and fintech. Delivered Monday at midday. We provide small businesses with secured loans to help them succeed. Our registered office address is NUMBER ONE Business Centre, Western Road, Launceston, Cornwall, PL15 7FJ. At the start of lockdown, we saw some increase in the number of investors wanting to exit their investments but this very quickly dropped as FOLK2FOLK loan performance remained steady. For example, some firms are considering introducing new products and services so that they can generate enough revenue to stay afloat.Folk2Folk says that traditional finance sources are not really interested in funding small businesses that are planning on expanding operations by diversifying their services.Folk2Folk says that diversification is “something to be celebrated and supported.”However, it can be quite challenging to acquire the funds needed to explore new ideas or initiatives “especially when a degree of certainty and speed is required as is often the case in ‘make or break’ scenarios.”The Folk2Folk team claims that as businesses’ appetite for diversification has increased, the traditional finance provider’s appetite to fund new initiatives has diminished.Folk2Folk claims that institutions are no longer as willing to invest in smaller, rural, local businesses in the UK.

Folk2Folk, a peer to peer lender supporting local and rural businesses, says that service providers in the UK should consider diversifying or branching out into new areas in … secured against UK land or property.

Discover how we can help you. (All photographs are stock images unless otherwise specified) Farm Refinance in Cornwall (LA1493) Renewal of … The P2P lender pointed out that this is the market segment that it aims to serve and may be willing to help firms with their diversification strategies.Folk2Folk notes that during the past decade, rural and farming business owners have tried to develop alternative sources of income by branching out into new market segments.Crowdfund Insider is the leading news and information web site covering the emerging global industry of disruptive finance including investment crowdfunding, Blockchain peer-to-peer / marketplace lending and other forms of Fintech.We use cookies to ensure that we give you the best experience on our website.

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