FOLK2FOLK, the UK’s leading peer to peer platform, announces it has joined the Financial Intermediary & Broker Association (FIBA).
FOLK2FOLK offers secured lending for almost any business purpose via a simple loan product. Since 2013, the company has enabled small businesses from across the UK to access property-secured finance for almost any business purpose. FOLK2FOLK is the largest lending platform within its sector in terms of cumulative lending, having injected more than £593m into small businesses.
FOLK2FOLK offers loans from £100,000 to £10m or more, with an average loan amount of £375,000 and is backed by a loyal and growing community of retail and Institutional investors.
FIBA executive chairman, Adam Tyler, said: “Our Lender Partners are carefully selected to offer our Members and their clients choice across a broad range of solutions that will engender good customer outcomes. The addition of FOLK2FOLK, with their energising approach to supporting business across the regions, will be well received by the membership and offers more choice for brokers. I have been impressed with their sensible no-nonsense approach to products and service provision and the team at FIBA looks forward to working with their team in support of our members.”
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 small and medium-sized businesses.
“I believe our strong relationship focus, coupled with 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 FIBA Members; helping to broaden understanding of the secured lending options available and providing helpful financial support to them and their clients.
“We’re keen to develop new relationships with like-minded Brokers and we invite FIBA members to come and meet us at the FIBA Annual Conference (stand 37) to find out what we can do for them.”