Fredericks Foundation Loan enables Amanda Young expand her business
6 June 2017
The Fredericks Foundation, who are partnered with Cornwall Community Foundation in Cornwall, provides loans to people who have viable business proposals but cannot obtain mainstream finance. Fredericks, started in 2001 by IT Entrepreneur, Paul Barry-Walsh, has enabled thousands of people transform their lives by developing businesses. Without finance from Fredericks, the barriers for many would-be entrepreneurs are just too great.
Fredericks’ role of helping finance the development of micro-businesses is especially important in Cornwall. “Fredericks is essential, “ says Tamas Haydu, Chief Executive of Cornwall Community Foundation, “An astonishing 23% of people in work in the county are self-employed, compared to the national average of 14%.” Tamas continues, “It stands to reason that starting a business is seen by many as a route to following a dream, looking after their families and becoming successful in something that they enjoy.”
Amanda continues to grow her business and win more clients. She has also expanded her services to include offering powers of attorney, probate /estate management and business wills.
Alex Nicholas, Client Manager for Fredericks Foundation in Cornwall comments, “The loan from Fredericks and working with one Fredericks’ business mentors gave Amanda the confidence and inspiration ‘to really go for it’. She is a great example of where a loan from Fredericks helped unlock the potential of her business.”