Short-term, high-rate lenders often fill the gap left by traditional banks, targeting businesses that feel they have no other options. These desperate businesses, often facing urgent cash flow issues, turn to lenders offering quick but expensive solutions. Here’s why this happens and why it’s unsustainable: 1. Lack of Access to Affordable Credit Many small businesses, […]
A unique candle-making business, based in Warwickshire, has secured £22,000 funding from First Enterprise – Enterprise Loans under the British Business Bank’s Start Up Loans programme. A unique candle-making business, based in Warwickshire, has secured £22,000 funding from First Enterprise – Enterprise Loans under the British Business Bank’s Start Up Loans programme. Founded by Penelope Brown, Outdoors at Home, will
Comfa, a family-run business pioneering sensory-friendly clothing, has secured £100,000 funding with support from First Enterprise – Enterprise Loans to scale production, develop new product lines, and enhance its marketing strategy. The funding was obtained through the Midlands Engine Investment Fund II (MEIF II). Co-founded in 2021 by Matthew Palfrey and his son Max, Comfa was born from Max’s experiences
IMP & MAKER, a luxury food and drink gift company, has secured £200,000 in funding from the Midlands Engine Investment Fund II (MEIF II) and Regional Growth Fund (RF Fund) with support from FundingRound Commercial Finance Specialists and First Enterprise – Enterprise Loans, to enhance its operations and sustain its growth. Specialising in high-quality, personalised food gifts, IMP & MAKER sets itself apart by
Provis Events, a custom exhibition and event management company based in Northampton, has secured £100,000 in funding with support from First Enterprise – Enterprise Loans for business expansion. The funding was obtained through the Midlands Engine Investment Fund I (MEIF I). Founded before 2019, Provis Events specialises in exhibition, event, and brand activation services, primarily within the agriculture sector.
Knit Nottingham, a multi-award winning independent yarn shop located in the heart of Nottingham, has secured £60,000 in funding with support from First Enterprise – Enterprise Loans for business expansion. The funding was obtained through the Midlands Engine Investment Fund II (MEIF II). Founded in 2010 by Eleanor Burke and recently acquired by Hannah Byrne and Daniel Byrne, Knit
A vibrant brunch café chain based in Lincolnshire, has secured £25,000 funding from First Enterprise – Enterprise Loans under the British Business Bank’s Start Up Loans programme to expand their business with a fourth location under a new brand name, Juni. Fika currently operates three brunch cafes known for innovative dishes, quality beverages, and appealing ambience. The cafe chain aims
