For desperate people only
These loans are advertised under the guise of being part of the government guaranteed loan. Appealing to vulnerable businesses with average credit scores. They then offer loans at more than double the interest rate of the government guaranteed scheme claiming to not be a part of what "Become" is offering. So if you want to borrow money at 30% and over a very short term (they advertise up to 5 years but only offer 12 months), do it knowing they are going to aggressively pressure you until you have signed and then every week they will txt and email you reminding you to pay to avoid fees. Its all very intimidating and absolutely aimed at people who are desperate for finance. In reply to the below response from Become, I received 25 emails and txt msgs over a 4 days period warning me that if I didn't accept the offer it may well not be available again. The three quotes given to me were via Become Facebook links advertising as Govt guaranteed loans - Apply now. None of the companies that contacted me were offering that nor could they. All over 30% interest. There was never any attempt or communication as to whether I qualified for the guaranteed scheme ( which I did) because none of them offered it. All claimed that Become had sent them my data request for finance, which was done through the Govt guarantee link. Very dodgy indeed.