Small Business Loans

Employee with an iPhone

No company or business started at the top, even the Bill Gates and Warren Buffets of the world started somewhere, and usually it was at the bottom, they started out small.

The majority of businesses out there are fewer companies or business, with the definition of small business being a company of 250 employees or less.

Many companies are micro-businesses with employees of less than 9 people.

Then you have the sole-traders of the world.

These are businesses that have just one person who bids the jobs, does the work, and gets payment for the job upon completion.

Even sole-traders, small companies and businesses require funding and loans. These loans may not be in the millions of pounds, but just a few thousand pounds.

The loan may be for a vehicle to carry tools to and from various jobs.

A company may need a loan to grow, they wish to grow from a micro-business to something further up the business chain. And they need capital or money in order to complete this growth.

And with many small businesses, not having a track-record of proven sales and profits yet accomplished, being approved for some small business loans can be difficult.

Small businesses need loans they can pay back in payments they can afford. They require an instalment loan, not a loan with a large one-off or balloon payment.

This is where a bank may request someone, such as a company Director or someone close to the company, to guarantee the loan. The lender wants a guarantor to ensure the loan is to be paid should the company struggle in meeting the repayments.

For small and micro sized companies, guarantor loans make perfect sense as a way to fund the business.

Guarantor loans do not require any credit scoring, and if the company cannot show a profitable business model, but has a strong guarantor, they can receive the loan and funding the company needs to grow.

A Buddy Small Business Loan can be the answer for many small businesses in need of new capital or funding in order to achieve their dreams of new growth.

Credit scoring and credit history are not used to determine or approve the loan, just someone to guarantee the loan.

A Buddy Business Loan is approved on
affordability, and having a guarantor.

  • Bad credit acceptable
  • Easy online application process
  • Quick approvals
  • Business size is not a problem
  • No hassles with tons of paperwork

Buddy Loans is a direct lender rated 5/5 stars by based on 1128 merchant reviews



from 0 to 10

Representative Example


36 months

£158.57 p/m

Total Repayable

Interest Rate
41.16% (fixed)

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.