The Cornwall based Folk2Folk lending platform for local and rural businesses has enabled ISA transfers for new and existing customers. Lenders can earn tax-free interest of 6.5% p.a. on their ISA money by lending to rural and local UK businesses, helping those businesses to grow, diversify or start up. The minimum lenders can transfer is £20,000 with no maximum limit. For the full picture please read the article below which appeared in the Western Morning News today.
Roger Mundy, Managing Director, Beardsley Theobalds, 18th January 2018
Earn interest while helping local business
Folk2Folk lending platform for local and rural business has enabled ISA transfers for new and existing customers.
By allowing ISA transfers from other providers, lenders with the Cornwall-based finance firm can earn tax-free interest of 6.5%pa on their ISA money by lending it to rural and local UK businesses, helping these businesses to grow, diversify or start-up.
The minimum lenders can transfer will be £20,000, while there is no maximum limit.
Folk2Folk chief executive Giles Cross said: “Folk2Folk provides a competitive ISA offering to consumers and retirees wishing to earn inflation beating returns of 6.5%pa, whilst supporting local and rural businesses.
“We’ve developed an attractive lender offering, built on a belief of transparency, decency and fair exchange. Our secured lending platform reports zero losses for lenders since its launch in 2013.
“Our attitude to lender fees, coupled with our asset-backed approach to local lending delivers a tangible, transparent and simple market alternative that’s attractive to consumers looking for inflation busting returns coupled with a low-level of risk.”