Folk2Folk rejoins NACFB as a patron
Folk2Folk has joined the National Association of Commercial Finance Brokers (NACFB) as a patron, highlighting the importance of brokers for its business.
The peer-to-peer business lender is rejoining the group after several years and said it is actively seeking to develop new relationships with brokers with a similar attitude.
“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,” said Roy Warren (pictured), managing director.
“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.”
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The NACFB was launched in 1992 and is the largest independent trade body for commercial finance brokers.
Folk2Folk offers small businesses property-secured finance. It has injected more than £562m into small businesses and is currently the second largest platform within the sector in terms of cumulative lending.
It said that in recent years, broker relationships have played an increasingly important role in its loan origination.
It offers loans from £100,000 to £10m or more, with an average amount of £500,000.
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