Application process

The application process looked a bit daunting but was actually really easy once I started.
— Yvonne, Fredericks Client

To start the application process please read the eligibility terms below and then click register. You will receive a confirmation email once your registration is complete.

 

Once you have registered and received your confirmation email, you can log in to your account and complete the application by clicking log in below.

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If you are approved we will require 2 character references from individuals (not family members). They must have known you for at least 5 years.  

Really easy process, the panel meeting was actually enjoyable, online process straight forward, small amount of paperwork was no bother and everyone I met along the way was pleasant, interested in my Business and extremely helpful. Thank you.
— AS

Terms

Please refer to the FAQs for more information on eligibility and the application process.

You can apply for a loan if you are a U.K. resident living in England. Unfortunately we do not currently offer funding in Wales, Ireland or Scotland.

When making a lending decision we will take into account your credit history and may not lend if:

  • You have any debts or defaults which are not being repaid.
  • You have incurred a CCJ in the last 6 months or if you have any CCJ’s that are not in a payment plan.
  • You are in an IVA or DRO.
  • If you are a bankrupt or have been discharged for less than 2 years.

If you have poor credit and are unsure about your eligibility to apply then please call 01276 472722

You will be  required to provide 6 months bank statements, your credit report, as well as other information about yourself and your business proposal.  You can save and leave this at any time and come back to it later.  Once you have completed and submitted your application it will be assessed.

Your business can be at any stage. For start-up businesses we offer loans from £2,500 to £10,000.  For established businesses with a financial track record of at least 2 years the maximum loan is £35,000.

 

If you are applying for funds for a training course, a franchise operation, or debt collection please contact us before you register.

Fredericks will consider your application for a loan and business support if you can demonstrate that you have made a genuine application for funds to your bank or a mainstream lender – and that you have been turned down.

If your application is successful an administration fee is added to the loan, which is paid upfront.

If you are approached by a third party for a fee in connection with your loan application please let us know immediately.

All decisions will be final and are not open to appeal. Our policy is not to enter into correspondence regarding a decision to decline an application. If declined, you may re-apply for funding 6 months from the date of the written communication informing you of our decision.

 

Representative example £5000 loan over 36 months, 36 monthly payments of £168.90. Rate of interest 10.54% p.a. fixed. Representative APR. 22.81%. Total amount payable £6580.40, including Fee (Fees are charged at 10% of loan value and are usually payable in advance of draw down).