7 Million Lending Milestone Supports 100s of Businesses During Coronavirus Pandemic

Coronavirus

Business finance provider, First Enterprise - Enterprise Loans, supports 100s of businesses across the East Midlands with much-needed business loans during coronavirus pandemic.

We’re delighted to announce that a record-breaking number of business loans have been provided to support businesses across the East Midlands and South East Midlands during the coronavirus pandemic.

We have delivered £7.3 million of business loans since the beginning of April, supporting 301 small and medium-sized businesses (SMEs).

The funding, which is a 51% increase in lending from the previous year, also means 262 jobs have been created.

£7M Coronavirus lending milestone

First Enterprise – Enterprise Loans general manager, Adrian Twelvetrees, explained that, as a not-for-profit organisation, we remain committed to supporting SMEs both throughout and after the pandemic:

“We are delighted to share this milestone and to have been able to help so many new and existing businesses during this incredibly challenging and disruptive time for business owners.

“We believe that no viable business should go unsupported and we remain committed to supporting SMEs that are unable to access finance from traditional high street lenders.

“The pandemic has reinforced our belief that small businesses are not only the backbone of our economy but the lifeblood of our communities, as we’ve seen with many going above and beyond to support their local neighbourhoods in the fight against the coronavirus.”

We offer business loans ranging from £500 to £250,000.

We are one of the accredited delivery partners of the Coronavirus Business Interruption Loan Scheme (CBILS), which supports businesses affected by the pandemic and is managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy and Industrial Strategy (BEIS).

If you’re based in the East Midlands and would like to apply for a business loan, you can call us on 0115 942 3772 or complete an enquiry form in the link above.

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