BURNLEY SAVINGS AND LOANS

Burnley Savings and Loans Ltd officially opened its doors in September 2011. The company was created by David Fishwick, a local business man, and the largest supplier of Minibuses in the U.K. After the recession began in late 2008 to early 2009, Dave found that many of the customers he had done business with for many years were, through no fault of their own, struggling to obtain loans from their High Street Banks. Dave decided that if the Banks weren’t willing to help ordinary people, then he... would! Under the slogan “Bank on Dave!” and using the correct legal channels, Dave obtained the necessary documentation required to issue loans, and, feeling that High Street Banks treat people as credit scores and not individuals, decided to return to basics. As such, Burnley Savings and Loans Ltd DO NOT use a generic credit score, choosing a more personal approach to underwriting and dealing with all customers on a case by case basis. Once everything was in place to enable Burnley Savings and Loans Ltd to provide loans, Dave turned his attention towards savings. The first thing he noticed was just how little people were being offered on their savings. He decided that Burnley Savings and Loans Ltd should offer a highly competitive rate of interest, making customer’s savings work harder for them. And so, with the assistance of a great team of lawyers, Burnley Savings and Loans Ltd found a way of offering 5% AER in the form of a certificate for lenders and borrowers. Once this was in place, Dave decided that Burnley Savings and Loans Ltd should make charitable donations from their profits to a variety of different charities and good causes.More