Training Provider Loans

[jbd]

I am running a training company and would like to provide loans for people wanting to takeone of our courses.

Besides a CDL are there any other loan schemes that people can apply for that provides small loans that is paid directly to the training provider.

[buildersmate]

CDLs are Career Development Loans. This is a Government-backed (and financed?) initiative and I imagine it works a bit like Student Loans. In other words the Government will get its money back when the trainee works through the link to the trainees NI number. Although I don't know for sure, it is hard to see how any commercial provider of loans would entertain this - apart from as a straight unsecured loan to the borrower. Why can't you tap into the CDL scheme?

[stanleyman]

You need to contact finance companies who will agree to set you up as an agent. You will earn a percentage of the loan in the same way that a retail store does. You do need a credit licence to operate.

[adbrush]

Of course!

[adbrush]

Of course! I have been thinking for a long time about opening a small microfinance organization that will issue microloans with minimal requirements for such life cases. I have already practically prepared a business idea for this and used the construction of a financial model with the help of the website https://www.wallstreetoasis.com/resources/why-wso/wsp . I can say with full confidence that you will be able to contact us as soon as we are officially open if it's still relevant, of course.