Buddy Loans secures FCA authorisation

29th November 2017

Guarantor loans specialist, Buddy Loans, has received full accreditation from the Financial Conduct Authority (FCA).

The company which is based in Cheadle, Cheshire, was set-up in 2013 by entrepreneur Nicholas Zapolski to provide consumers, who have been refused loans by mainstream lenders, with affordable and accessible credit. Recently Buddy Loans has secured an investment of GBP £10 million, which now allows the company to increase its lending.

The Co-Founder, and Managing Director of Buddy Loans, Nicholas Zapolski said, “Our ambition when we set-up Buddy Loans was to plug the gap that mainstream lenders have failed to fill, by offering a large selection of the population, especially those who may have been rejected for a loan in the past, or have bad credit, access to the finance they need to live their everyday lives”.