Cornwall-headquartered business lender FOLK2FOLK says it is on track to double profits to about £2m.
The company, which specialises in lending to UK regional SMEs, is expecting, subject to audit, a 2021 pre-tax profit of £1.98m. This will be FOLK2FOLK’s largest annual profit to date and marks three consecutive years of profit for the company.
In addition, FOLK2FOLK has hit several significant growth metrics during 2021 including a return to its pre-2020 track record of double-digit loan book growth, expansion into Northern Ireland and securing a £7m investment commitment from British Business Investments.
