Company Category: Employment & Business Opportunities
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.
Who we are…
Fredericks is a Responsible Finance Provider that provides loans to people who want to set up a new business or maintain or expand an existing business. Fredericks is open to anyone who has a viable business proposition, but cannot obtain mainstream finance. Fredericks operates across most of England with a support team on hand to help and guide applicants all the way through the process. The support continues even after the applicant has been successful in the form of mentoring, practical business advice, networking and links within the local community that can help support and grow new and expanding businesses.
Fredericks Foundation’s mission is to provide access to small business loans to people excluded from mainstream credit in order to create choice not charity, and to give individuals the opportunity to transform their lives, and to build a society based on dignity not on handouts.
To alleviate poverty by providing microfinance to enable people to achieve the dignity and self respect of supporting themselves through enterprise; To work with partners and volunteers to promote and support self employment and reinforce local communities through business.