FOLK2FOLK, the national marketplace lender for regional SMEs, has announced it has joined the National Association of Commercial Finance Brokers (NACFB) as a Patron.
FOLK2FOLK offers secured lending for almost any business purpose via simple loan products. Since 2013, the company has enabled small businesses from most sectors and from across the UK, to access property-secured finance. Currently, FOLK2FOLK is the second largest lending platform within its sector in terms of cumulative lending, having injected more than £562m into small businesses.
Over recent years, FOLK2FOLK’s broker relationships have played an increasingly important role in the company’s loan origination. In recognition of this, FOLK2FOLK has re-affirmed its support for the NACFB by re-joining as a Patron after several years and is proactively seeking to develop new relationships with Brokers who demonstrate a similar attitude to FOLK2FOLK.
FOLK2FOLK offers loans from £100,000 to £10m or more, with an average loan amount of £500,000, and has a robust and growing community of retail and Institutional investors providing funding reserves for increasing volumes as well as size of loans.
Roy Warren, managing director of FOLK2FOLK said: “FOLK2FOLK has a demonstrable track record of providing a pragmatic solution to a variety of real-life financial challenges for businesses where traditional finance is not an option.
“I believe our emphasis on Broker relationships, coupled with the holistic view we take of borrowers and the deal, as well as the simplicity, speed and straightforward nature of FOLK2FOLK loans, have all been instrumental to our successful broker partnerships to date.
“We are looking forward to working closely with NACFB Members; helping to broaden understanding of the secured lending options available and providing relevant products and support to them and their clients.”
Norman Chambers, managing director of NACFB said: “It’s a great feeling when a lender renews their NACFB patronage. It demonstrates that both the Association and our Members are a good fit with the lender’s aims and values. We’re delighted to welcome FOLK2FOLK back into the fold, particularly now that SME’s access to finance is more crucial than ever.”