Peer-to-peer lender FOLK2FOLK has passed the £700m lending milestone.
Since its inception in 2013, FOLK2FOLK has connected hundreds of local businesses with investors, providing loans from £100,000.
FOLK2FOLK, which is based in Cornwall and Gloucester, said hitting the £700m lending milestone evidenced its commitment to encouraging and sustaining regional growth by bringing small businesses and investors together, with resulting positive knock-on impacts for local economies across the UK.
Roy Warren (pictured), managing director, said: “This achievement is testament to the trust and support of our borrowers and investors, and reinforces our mission to help create prosperity across the UK.
“We remain committed to providing fast, flexible, and friendly lending solutions that enable local businesses to thrive.”
