A First Enterprise Business Loan is charged at 17% from one to five years. Our price does not change dependent on circumstances of our customer. However, if a business takes on a shorter term loan at 49% (or even more) over two years, the impact on the business is significant. Let’s break it down using […]
For years, First Enterprise – Enterprise Loans has been a beacon of hope for small businesses, startups, and social enterprises, providing much-needed funding and support to those who face barriers to traditional finance. Now, we’re thrilled to announce that we will soon be able to help businesses throughout England! This expansion marks a significant milestone
First Enterprise – Enterprise Loans is a Midlands based Community Development Financial Institution (CDFI) that specialises in supporting businesses and entrepreneurs who face barriers to accessing traditional finance. Here’s how we can help: 1. Providing Accessible Business Loans 2. Supporting Underserved Business Communities 3. Business Advice and Mentorship 4. Partnering with Government and Local Authorities
Underserved business communities refer to groups of businesses or entrepreneurs that face significant challenges in accessing resources, opportunities, and support compared to others. These communities are often marginalized due to systemic barriers, economic disparities, or geographic isolation, which limit their ability to thrive and grow. Characteristics of Underserved Business Communities: Examples of Underserved Business Communities:
In the United Kingdom, a CDFI (Community Development Finance Institution) is a financial institution that provides loans and other financial services to individuals, businesses, and social enterprises that struggle to access traditional finance, such as banks. CDFIs aim to support financial inclusion, promote economic regeneration, and empower underserved communities. Key Features of CDFIs in the
