Borrow £100 to £25,000*


  • Bad Credit Accepted
  • Fast Payout
  • No Fees
  • Secure Application

Short Term Guarantor Loans

£100 – £1,000

N Online decision
N Responsible lenders
N Rates from 278% to 1576% APR*
N 3-12 month repayment

Personal Guarantor Loans

£1,000 – £25,000

N Whole of Market panel
N Trusted panel of lenders
N Rates from 5.7% to 278% APR*
N 3-36 month repayment

Representative example: £500 borrowed for 5 months. Total amount repayable is £991.85 in 5 monthly instalments of £198.37. Interest charged is £491.85, interest rate 238.1% pa (variable). Representative 481.6% APR.

ccta and fca registered lender

Guarantor Loans: One Best Way to Borrow Money for Business

When you’re seriously trying to save up a deposit for a house or your business and just see the prices of property climbing and climbing, it’s tough to remain patient. But there is another method: guarantor loans 20000 can serve.
If you don’t have a significant deposit for a house or business loan, there are still a number of ways to obtain credit.
The survey, which reviewed 850 small and medium-sized businesses, pointed out that when allocating funds for their business, 42% of business owners used their own savings and 24% received capital from family and friends. A third of those interviewed spoke of the responsibility of accessing mainstream finance and that banks were not ‘business-friendly’.
For this reason, it is no wonder that more entrepreneurs and business owners are seeking for alternative finance to raise money for their business and this consists of the common rise in guarantor lending.

What is a guarantor loan and how does it work?

A guarantor loan is straightforward. The main borrower applies (business owner) and they need an additional person they know to be part of the application (the guarantor). This additional individual is usually a close family member such as a spouse, parent or sibling and they agree to ‘guarantee’ any losses – so if the individual is unable to keep up with loan repayments, the guarantor can step in and pay on their behalf.

This kind of finance is especially interesting to those with bad credit histories. Provided they have a guarantor with an excellent credit score and are ideally a homeowner, they can get the finance they need to back their business.
Furthermore, if the borrower repays their loan on time each month, the information is sent to the credit reference agencies and over time will cause the individual’s credit score to increase. So from the point of the guarantor, they can help the person get the funding they need and also restore their credit for future borrowing.
Terms of the loan

Customers are qualified to borrow up to £15,000 which is paid back in equal monthly installments over 12 to 60 months. By having a loan term that can last up to five years, it gives out the business owner some real flexibility to pay back their loan. Plus, if they find that they are in a stronger financial position and their business is growing, they are able to repay early and making a tremendous saving on the interest payable.

The average cost of a guarantor loan ranges from 39.9% to 49.9% representative APR depending on the lender. The rate advertised is ‘representative’ meaning that it is what will be given to at least 51% of outstanding applicants and works out to around 0.1% per day.

Where does the funding go for a new business?

Start-up costs: This consists of the basic things you need to get your business going such as an office or premises, computers, desks and any specialist equipment you need to maintain your service. Legal fees and insurance: In order to operate legitimately in your industry, you may require some legal structure and authorization and also some basic insurance to carry out your business activity.

Accounts receivable and payable: For many small businesses, there is a difference between cash coming in and cash going out – and sometimes you need the initial finance to cover your deficiency in cash flow. Common for restaurants, caterers and contractors, having some money in between invoices can be very useful.
Staff costs: Whether you have staff members part-time or full-time, having an extra pair of hands to start your business can be the exception between getting it off the ground.Emergency costs: For any possible emergencies such as broken equipment, it can be helpful to have an expert to cover any unexpected costs.Guarantor loans are a good way to increase your chances of being approved for a loan if you’ve got a poor credit score or no credit score at all.

When you’ve got a bad credit score, it’s easy to hold off on the decision to buy that car or book that dream holiday because you think that you won’t be accepted to borrow money.

However, guarantor loans have been designed with individuals like you in mind. They make it much more likely that you’ll be taken to borrow money and – because repaying monthly payments on time can help steadily improve your credit score – more likely that you’ll be allowed for a standard unsecured personal loan or credit card in the future.

What can I do if I wish to complain?
Information about complaints can be found in our complaints policy.

What if I can’t keep up my repayments?
If you can’t keep up with your repayments you must contact your moneylender immediately and advise your struggling with the monthly installments some companies will adjust your monthly installments to reflect what you can afford to pay back on a monthly basis please note that this can also extend your term of the agreement and probably the amount of interest that you end up paying back. You’re never advised to just stop paying your agreement as this may result in interest being charged on the agreement and missed payments showing on your file this could make obtaining further down the line a lot more difficult.

What do i do next?
Next is the fun bit you need to click on the apply button and fill out our simple online form designed to make sure the whole application as smooth and pain free as possible. The whole application process from start to finished shouldnt take you longer that 3 minutes its as simple as you can get.