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

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.