SME News - Midland Enterprise Awards 2024/ 64 Best Business Loans Provider 2024 - East Midlands Nottingham’s First Enterprise – Enterprise Loans provides its clients with unsecured business loans of between £500 and £150,000. From start-ups to well-established businesses across the East Midlands and further afield, this company helps out those that have been unable to secure funding from more mainstream lenders, whatever the reason. First Enterprise remains committed to supporting society’s underrepresented in particular, especially women in business and those from minority backgrounds. Leveraging more than 35 years of experience as a responsible finance provider, First Enterprise has supported more than 6,000 organisations with stellar advice, support, and investment. As opposed to relying solely on impersonal algorithms when it comes to making decisions like many of its competitors, the business instead utilises a team of expert advisors. This team carefully review business plans, giving them an intimate knowledge of the business and allowing them to hold the client’s hand through every stage of the process. Rather than simply being a lender, First Enterprise prides itself on being a “relationship-based lender”, one that truly cares about a business and not just its cash flow or balance sheet. The defiantly human approach taken to lending is what distinguishes the firm from others in this space, with the team here promising that every client will be provided with a direct line to one of the company’s knowledgeable advisors, be it via phone or in-person meetings. This also lends itself to a tailoring of its services case by case, ensuring a fitting solution is found. Across the Midlands at present, the funding landscape is being shaped by numerous trends, predominantly the increased demand for alternative financing. Traditional banks across the region are constantly tightening their lending criteria, meaning that unsecured business loans for small businesses are becoming the new norm. Set against the backdrop of a growing emphasis on supporting underserved communities and a rise in digital financial service platforms, First Enterprise’s uniquity in this sphere is shining through more and more. Being based in the Midlands also brings with it a host of other benefits for First Enterprise. These include the diverse nature of local industry, the supportive business environment nurtured, and the skilled talent pool available to it thanks to the combination of a convenient location and a number of leading educational institutions. Furthermore, as a member of the team tells us, “the Midlands is also experiencing targeted economic revitalisation initiatives aimed at supporting small businesses and fostering innovation.” These initiatives align perfectly with First Enterprise’s mission and internal culture, both of which are anchored in the company’s proud status as a community development finance institution (CDFI). Once more, this reinforces the steadfast commitment embodied by the team to support both women in business and minorityowned organisations more broadly, as well as to promote an inclusive and collaborative environment within their own four walls. In a similar vein, when it comes to recruiting new personnel, it is important that they too share the same unbridled passion for community development and social impact that defines this operation, in addition to possessing strong financial acumen and excellent analytical skills, both of which are staples in this setting. Other traits favoured in candidates include keen adaptability and a willingness to learn, as well as a strong cultural sensitivity. With a uniform workforce like this at its disposal, it is no surprise that the future is incredibly exciting for First Enterprise. The coming years are set to hold innovation in spades, as the team here have recently been working incredibly hard to digitise their projects and streamline their processes, both of which will allow staff to go that extra mile in achieving the company’s overarching aim of doing great work with underserved communities. Beyond this, the keen focus remains on ESG, both internally and for its loyal small business customers. In short, when it comes to funding for small businesses in the Midlands, no business goes to the lengths of First Enterprise – Enterprise Loans. Recognised as the Best Business Loans Provider 2024 - East Midlands, the mastery showcased by the company through its tailored business loans in the Midlands – once again consisting of everything from start-up loans to general unsecured business loans –are provided to some of the most marginalised in society so that they may finally have their business proposals championed and their voices heard. Contact: Danielle Davis and Kim Hoang Company: First Enterprise – Enterprise Loans Web Address: https://www.first-enterprise.co.uk
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