Loan Process

Our four-step loan process is managed by humans so you can be assured your application is carefully considered and not seen as just a number.

Our loan application process consists of four quick, simple and supportive steps, meaning you can continue to focus on your business.


Step 1

Submit an online enquiry via our contact us page


Step 2

Your application form will be reviewed by our dedicated information officer and you will receive an initial eligibility response within 2 days.

Please note that we are currently experiencing a high volume of applications due to the COVID-19 pandemic but we will do our best to respond to you within this timeframe.

Step 3

If your business is eligible, you will be assigned a dedicated business adviser who will support you throughout your loan application to ensure your application contains all the required documents and your business meets all the necessary criteria for a successful application*.

Due to the social distancing measures currently in place, face-to-face meetings are postponed and our business advisers will virtually support you via telephone, email or web chats until further notice.

*Please note this does not guarantee a successful loan application.

Step 4

Successful applicants can expect their loan application and approval process to take an average of 3-6 weeks with loan funds being deposited into your bank account within 2-3 days for Start Up Loans and within 1-2 weeks for other loan funds.

New Business Mentoring

We understand that starting a new business can be daunting and you may need some guidance as you’re navigating your way in the world of business. If you are a new business and your start-up loan* application has been approved, your dedicated business adviser can support you by providing mentoring for up to 12 months, ensuring you and your business are supported during your first year of trading.

*For start-up loan eligibility purposes, new businesses are classified as businesses trading for less than 2 years.

More in this Section

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We have a range of loans available to help start ups and exisiting businesses that are looking for finance to grow.

Start up loan

Start-Up Loans

Proudly supporting new businesses. We are an official delivery partner for the Start Up Loans Company.


Recovery Loan Scheme

First Enterprise - Enterprise Loans is proud to be a delivery partner for the Recovery Loan Scheme (RLS) – supporting businesses across the East Midlands and Southeast Midlands with loans ranging from £25,001 – £250,000.

Business growth

Business Growth

Proudly providing business growth loans up to £250,000 to help you grow your business.

Midlands Engine Investment Fund

Midlands Engine Investment Fund

The Midlands Engine Investment Fund is a collaboration between The British Business Bank and 10 Local Enterprise Partnerships (LEPS) across the Midlands.

Community investment enterprise facility

Community Investment Enterprise Facility

Proudly supporting charities and social enterprises with business loans and enterprise in the UK.

Success stories

Success Stories

At First Enterprise we really pride ourselves in helping businesses grow. Here are a few case studies of businesses that we have helped over the years.

Top tips for a speedy loan approval

Mike's Top Tips for a Swift Loan Approval

Read Mike's ten top tips to ensure your loan application progresses through the loan application process as swiftly as possible.

Coronavirus business support

Recovery Loan Scheme

First Enterprise Enterprise Loans is proud to be a delivery partner for the Recovery Loan Scheme (RLS) – supporting businesses across the East Midlands and South East Midlands with loans ranging from £25,001 – £250,000.