One of the most difficult aspects of starting your own business is getting the money or capital to do so. It may be you need specific tools, a van, some additional training or need to travel to bid on some jobs. There are always costs associated with starting-up a business.
Even having business cards and flyers to promote your business can cost hundreds of pounds
One of the reasons that makes it difficult in getting the funding required to start-up a new business, is that the company has no track-record. It is a "new business" with no proven sales history.
The new company may need an instant loan quickly to begin trading. And they need an instalment loan, one they can make affordable payments to repay.
Many start-up companies may not have any sales or profits to show how much the company will earn, and show as a profit.
Having a solid business model can help here, doing your homework and research, and being able to show lenders when and how you will be profitable.
However, many banks and traditional lenders require a strong credit history or high credit score in granting loans to start-up companies.
Banks and traditional lenders can also require a lot of paperwork to be completed, causing you to jump through hoops and paper chases, and also delaying your loan. It may take days or weeks to get a loan approved.
Guarantor loans can help avoid all these pitfalls a new start-up business may face when seeking funding to begin.
Using guarantor loans as a start-up funding method is a good way to acquire the funding one needs without all the paperwork and headache of traditional loans, and without the problems associated with having no credit history, or a bad credit history.
A Buddy Start-Up Loan can help in starting-up a company as the loan is based on your good buddy, who is the guarantor for the loan.
As long as your guarantor feels you will repay the loan, so does Buddy Loans.
Our online application makes getting approved for your loan fast and easy, so your company can have the money it needs to begin and grow as soon as possible.
And bad credit is not an issue.
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!!
from 0 to 10
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.