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Finance
Purchase Order Financing
Brands can complete and submit a funding request application on the platform for PO Financing or Working Capital. Once the application is submitted, it will be emailed to one of The Folklore members who reviews details of the application to determine the best lending partner to match the brand with. Once The Folklore finds a match, a link will be sent to the brand to complete a loan qualification application from the lending partner. The lending partner will contact the brand if approved. If the brand agrees to the loan amount and terms, an agreement will be signed between both parties and the loan will be distributed directly to the brand’s bank account. Repayment of the loan will be based on the lender’s terms and conditions, which varies case-by-case.
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Funding
Working Capital
Accessing capital to run your business operations is made easier with the Folklore. Simply submit an application form for the type of funding you need and we'll connect you to funding partners who have the resources available.
Lending
Lending Partner Process
The Folklore sources lenders through referrals online search and competitors/marketplaces who currently provide financing. Personalized emails will be sent to potential lending partners requesting an introduction call to learn about the lender and get answers to a set of questions to ensure they meet our criteria. The questions will cover the following topics: funding eligibility, application process, fund access, repayment, and partnership terms. The Folklore is currently partnering with lenders that provide Working Capital and POFinancing funding in top brand regions including: U.S., U.K., Canada, Nigeria, and South Africa.
Brands Supported
Transactions Processed
New Connections Made
Countries Supported
Untourage The Label
United States
"My favorite feature of The Folklore has definitely been the webinars. They’ve been incredibly valuable in providing insights into various aspects of the fashion industry, from business strategies to trend forecasting. They also serve as an opportunity to connect with other designers and learn from their experiences."
Eloli
Cameroon
"With live events, it’s been really good to meet other designers, pick their brains and just be in a creative space. Being there in person at a pop-up event, having the chance to have your pieces in front of customers and having them really feel the fabrics or look at the finishing is really invaluable to me."
NKASIOBI
United States
"Being on The Folklore Connect has been easy to navigate with the brand discovery tool on the platform, payment systems, and impeccable client service. The platform has made it easy to invest in diverse brands and I appreciate the team for their contribution in showcasing African talent to the world."
Duaba Serwa
Ghana
"I can grow with The Folklore because it’s dedicated to helping diverse brands become global and that is very essential to me."
