Having your own business, while a dream for many, takes some work, luck, creativity, and money, to bring it all to fruition.
And the government knows this as well, and they are supportive in wanting small and new businesses to grow and succeed.
The government offers various ways to fund and support local business, this support is offered in the form of tutorials and classes on how to set-up your business and document a business model, to also various small loans that can be made available to business owners.
There are even small grants that are available through various charities and organisations that do not have to be repaid. These grants can be from anything as small as to having business cards made, to other marketing and advertising efforts, such as signs or posters advertising your company. In addition to assistance and funding on a national level, some local councils and cities also have grants and loans available for their local businesses.
One issue with this form of funding your company can be a limitation of funds local governments may have to lend. When the money is gone, there may not be any additional funding until the following year.
Also, as with anything related to the government, there can be a strict lending criteria, or guidelines and requirements for a company to qualify for these loans and funding.
There may be high credit score or high credit rating standards for this form of borrowing. A business owner with bad credit may not qualify.
Buddy Loans is a direct lender £1000-£7500 +441618504141 Alexandra Court, Carrs Road, Cheadle, SK8 2JY rated stars by Trustpilot.com based on 1128 merchant reviews
Always helpful, reliable and will go out of there way for customers, never had an issue an this is my second loan with them Same great service each time!
Great Company, the communication from start to finish was great, my loan was quickly approved and I received the full amount within 48 hours. I highly recommend Buddy Loans to anyone looking for a guarantor Loan.
Great customer service
I dealt with 2 people mainly and they were soo helpful. Couldnt ask for better customer service.
Very helpful, everything was explained to me and I was asked if I understood each step. Good communication and all callers very friendly. The loan will take a lot of worry off my daughter and I was happy to be her guarantor.
I found them very polite and helpful, they quickly and efficiently sorted out my loan and kept me up to date with its progress. Daniel in applications was brilliant as was Paul in the underwriting team. Thoroughly recommend them!!
Prompt and fast payout
A very professional firm with very little paperwork involved all done and completed within a week. Faultless.
I was a guarantor
These were great. Polite, professional and had a genuine concern to ensure all was explained. I was the guarantor for a good friend and know these guys helped him so much.
Excellent friendly helpful service
Every person I spoke to was very friendly and helpful and they were very knowledgeable about their product would recommend to anyone looking for a loan
Amazing service and very easy and simple process
Amazing service and very easy and simple process. Thank you very much. Would highly recommend. Staff were great very friendly and very informative about everything
From the initial application online right through to the pay out team, brilliant! Easy online application followed by a prompt call back. The whole process was explained thoroughly by a friendly team. Can't thank Buddy enough!!
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Representative 49.9% APR.
Terms and Conditions apply. Suitable Guarantor required. All loans are subject to status and affordability checks prior to approval. All applicants must be 18 or over.
Minimum period for repayment: 12 months | Maximum period for repayment: 60 months | Minimum APR 49.8% | Maximum APR 49.9%
Representative example: Amount of credit £3,250 for 36 months. Interest (fixed at 41.16%): £2,464.57. Total amount payable of £5,714.67. Representative 49.9% APR (Variable). 36 repayments of: £158.57.