Fredericks Foundation was founded in 2001 by Paul Barry-Walsh, a successful IT entrepreneur. In the years since, Fredericks has transformed the lives of thousands. Fredericks have given entrepreneurs – unattractive to high street banks – a hand up to start their own businesses. To follow a dream, climb out of poverty, look after their families and become economic contributors to society.
After struggling to start his own company due to lack of funding, Paul wanted to help small businesses experiencing the same adversity to funding he did. And still today, Fredericks has never been more relevant. The foundation's experience has proven Paul's belief, that hand ups, not handouts, are the key to a successful business.
Fredericks provide loan finance for those turned down by mainstream lenders. The fact is that mainstream banks are unable to support funding for start-up business where the applicant has a poor credit history, or little or no track record in running a business. This can prove a seemingly insurmountable barrier to those seeking to obtain start-up finance. The result; those who need the funding most, are the least able to access it.