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The Fredericks Foundation provides personal loans to entrepreneurs to start or grow their businesses.

We are a not-for-profit company where all profits are retained within the organisation, enabling us to also offer loans to those individuals who are excluded from other traditional sources of finance.

By applying for any type of loan from Fredericks Foundation you are also helping to support disadvantaged, disabled, unemployed, ex-offenders or single parents, become fledgling entrepreneurs and to make a significant difference to their lives.

The Fredericks Foundation product range include Unsecured personal loans for Start-up and Growth companies

  • Loans from £2,500 to £35,000
  • Loan terms from 6 months to 5 years
  • Rates from 8% to 14%
  • No early payback penalties
  • Long term Flexible Rolling  loans

All loans are subject to an upfront admin fee that is only payable on success and the applicant’s credit score and business plan will determine which type of loans are available to them.

 

Please see more details about our loans below and Contact Us or call 01276 475722 to check your eligibility.


 Poor Credit Loan

This type of loan is the traditional type of Fredericks loan and is available to those individuals that have been unable to obtain finance from the traditional sources due to poor credit ratings or other reasons.

Max Start Up Loan:            Start-up: £10,000

Max Growth Loan:             £16,000

Term:                                   6 months to 3 years

Interest Rate:                    14%

Upfront Fee:                      Min £ 500 or 10% of loan Value

Personal Guarantee:       May be required in certain circumstances

Eligibility Criteria:

  • Start-up and Growth

Apply now or to check your eligibility call us on 01276 472722 or Contact Us


Start-up and Growth Revolving Loan

Start-Up and Growth Revolving Loan.

Max Loan:                           £15,000

Term:                                   6 months to 5 years

Interest rate:                     10%

Upfront Fee:                       Min £500 or 10% of loan value

Personal Guarantee:         No

Special Features:             

This type of loan has the ability to keep rolling over. When you have paid back 10% or more of the loan, in line with all the loan conditions, then the same amount that has been paid back can be re-borrowed with a simplified application process and an additional normally lower admin fee.

Eligibility Criteria:

  • Start-up, sole traders and growth companies
  • If growth company  Evidence of a minimum of 2 years trading

Apply now or to check your eligibility call us on 01276 472722 or Contact Us


Growth Company Revolving Loan

Growth Company Revolving Loan

Max Loan:                          £35,000. Loan must not exceed more than 100% of average monthly turnover.

Term:                                  6 months to 5 years.

Interest rate:                    8%

Upfront Fee:                      £500

Personal Guarantee:        No

Special Features:             

This type of loan has the ability to keep rolling over. When you have paid back 10% or more of the loan, in line with all the loan conditions, then the same amount that has been paid back can be re-borrowed with a simplified application process and an additional normally lower admin fee.

Eligibility Criteria:

  • Existing businesses trading in excess of 2 years

 

Apply now or to check your eligibility call us on 01276 472722 or Contact Us