Helping you secure loans
when high-street lenders can't
Entrepreneurs share how we have helped
My experience with First Enterprise and my assigned Business Advisor exceeded expectations. From insightful email correspondence to engaging conversations, I felt genuinely supported and guided every step of the way.
Rosie Elvin
Founder
ADHD Focus
First Enterprise and our assigned Business Advisor provided invaluable support and guidance, helping us secure funding and refine our business strategy. Their understanding and encouragement have been vital to our growth.
Callum Cooke
Founder
Kondor Kidz
I truly appreciated our Investment Manager taking the time to meet us in person and understand our care model. The loan came at a crucial time, providing much-needed financial relief and allowing us to continue delivering essential care.
Bernadette Charehwa
Managing Director
Woodleigh Healthcare
The loan has really helped me kick start the promotion of my work to a wider audience. The team at First Enterprise has been great to work with, being thorough in their approach and offering some very useful advice along the way.
Nicholas Munn
Founder
Black Pear Bespoke
My business needed extra funding for seasonal plans. Whilst I had started discussions with banks, I wasn’t getting the result we needed. Lenders like First Enterprise are much needed to support the backbone of UK businesses!
Sarah Louise Fairburn
Founder
IMP & MAKER
The funds have helped us achieve our dream of owning a small business serving fellow creatives. Our Investment Manager at First Enterprise made the daunting process easy to follow and kept us updated every step of the way.
Hannah & Daniel Byrne
Co-Owners
Knit Nottingham
How it works
Getting a loan shouldn’t be complicated.
Our simple three-step process ensures you get the support you need, without the hassle.
From enquiry to approval, we’re here to guide you every step of the way.
1. Enquire
Tell us what you need.
2. Prepare
Complete your documents with a dedicated advisor.
3. Get funded
Receive your loan decision.
Frequently asked questions
Getting financial support can be challenging, so we’ve provided clear answers to common questions to guide your decisions.
Eligibility criteria vary, but generally, businesses must be registered in the UK and demonstrate the ability to repay the loan. We also consider the overall viability and potential of your business, not just your current situation.
The amount you can borrow depends on factors such as your business size, revenue, credit history, and the type of loan. We offer flexible loan amounts tailored to your specific needs. Our loans start at £500 and go up to £250,000.
Our interest rates are competitive and comparable to those of high street banks, making our loans an attractive option for businesses looking for affordable financing.
Commonly required documents include business registration certificates, financial statements, tax returns, bank statements, and a detailed business plan. We may also request additional information depending on the loan type.
The approval time can vary from a few days to several weeks, depending on the complexity of the application. Our dedicated team works efficiently to process your application as quickly as possible.
Yes, we consider applications from businesses with less-than-perfect credit histories. We focus on the overall viability and potential of your business rather than just the credit score.
If you are unable to repay the loan, it is crucial to communicate with us as soon as possible. We may offer options such as payment holidays and reduced repayments. However, defaulting on a loan can have serious consequences, including damage to your credit score and potential legal action.
We do not secure loans against your family home. However, we may require a personal guarantee from the business owner or directors. In some cases, we may also take a debenture over the business assets.
The use of loan funds may be restricted based on the type of loan and our policies. Common uses include business growth, purchasing equipment, refinancing existing debt, and managing working capital.