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, […]
In the dynamic world of business finance, brokers play a vital role in connecting businesses with the right funding solutions. When it comes to supporting small and medium-sized enterprises (SMEs), First Enterprise stands out as a valuable partner. Here’s why brokers should introduce their customers to First Enterprise: 1. Expertise in SME Finance: First Enterprise
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:
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
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
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
