Enterprise Loans

15 Nov 2022

  • Rest of the UK

Committed to supporting the communities in which they work and levelling up accessibility to finance for people of colour and female entrepreneurs, First Enterprise – Enterprise Loans is dedicated to providing government backed finance to small businesses throughout the East and South East Midlands.

Working with funding partners Social Investment Scotland and British Business Bank, it ensures businesses can access the advice and finance they need to succeed.  

Over the past two years, First Enterprise – Enterprise Loans has played an important role in supporting businesses during the pandemic by providing loans through the Coronavirus Business Interruption Loan Schemes and the subsequent Recovery Loan Schemes. This support has helped businesses to sustain staffing, diversify, and even grow in difficult times. Between April 2020 and July 2021, the team has supported 710 organisations, lending £19,889,690 and creating over 500 jobs. Over 50% of the funding has been distributed to businesses located in the top 35% deprived Local Super Output Areas (LSOAs) or in the Top 50 deprived local authorities based on measures of deprivation. 

“As the pandemic impacted businesses across the country, there was a need for a personal approach from organisations such as First Enterprise – Enterprise Loans to believe in businesses when traditional lenders didn’t. We exist to support the economic wellbeing of the communities we operate in, and provide brave, inspirational, and determined entrepreneurs with the funding they need. These businesses are the backbone of the country and it’s been a privilege to be part of their journey as they add real value to the economy."

Daniel Carrico

Executive Director of First Enterprise – Enterprise Loans