We lend up to £100,000 to Businesses in Eastern England
We are a membership organisation that lends money to business owners across the counties of Bedfordshire, Cambridgeshire, Essex, Hertfordshire, Norfolk, Suffolk and neighbouring areas, offering loans up to £100,000 to social enterprises and growing businesses. We provide help and support with completing the application forms and business plan templates.
To date, we have helped 597 businesses in the region and this continues to grow on a daily basis. In 2015 alone, we funded 121 businesses across the eastern region, which means we assisted in creating and saving 175 jobs in the area. These businesses vary from retail and hospitality to travel and publishing.
Whilst sector issues, lack of security, insufficient trading history and a low credit score may be enough to prevent the high street bank from considering your proposition, we assess the viability of your business to make our decision. We know that most businesses will face obstacles at some point in their journey and we help you to overcome these hurdles and enable you to continue to develop and grow your enterprise.
We may say Yes, even if the computer says No
“Lending decisions over recent years have increasingly been made by a computer and this has ignored more tangible elements, such as the management skills and commitment of the work force that can help a business move forward and succeed” – says our Chief Executive Katy Ford.
Do you have a viable business proposal and are passionate about your idea but were unable to get, or consider it unlikely that you could get the finance you need from your bank?
- A business with a social purpose but with an uncommon legal structure?
- A business that has been trading less that 3 years?
- An established business with modest annual turnover?
- An established business with orders, but insufficient cash to fulfill them?
- A business with no security to offer?
- A discharged bankrupt or been involved with a previously failed business?
If you can answer Yes to any of these, or have another issue which you consider may be problematic for a mainstream bank, give us a Call on 01284 757777 or email us at firstname.lastname@example.org. Let’s talk about your enterprise and explore if we can help you to develop it further.
We are different
We analyse your business plan and cash-flow projections and we seek to understand your and your businesses credit history. What is more, we will talk to you about your ideas and your venture’s future. We are interested in finding out what you want to achieve, what drives your business and why you wish to develop your enterprise.
Unlike a bank, we do not use a credit scoring system to make our decision. Software, however sophisticated, can easily ignore genuine business potential. Stagnant numbers in neat columns of financial reports describe the facts of past performance, but lack the energy of the person or a team they represent.
We believe in a more pragmatic approach and we understand the value of the human factor.
The ambition of a young tycoon who wishes to fulfil their dream; the determination of a business that fights to stay afloat; the true grit of a company owner who wants to introduce new services and build a new team; in our opinion, these qualities are the valuable assets of an enterprise.
Our desire is to help turn business ideas into real enterprises and to help support their growth thereafter. We have designed our business loan products to support social enterprise and developing enterprises.
If you feel we can help you with your business finance needs give us a Call on 01284 757777 or email us at email@example.com. Let’s talk about your enterprise and how we can help you develop it further.
- Growth/Expansion Loans. Loans from between £10,000 up to £100,000 aimed at businesses who have been trading for at least 1 year;
- Social Enterprise Loans up to £100,000 – aimed at organisations who are trading but do not distribute their profits or to help early stage but growing enterprises that have a social purpose.;
Foundation East is an Registered Society and a democratic organisation controlled by is members, which include individuals, sole traders and incorporated organisations that support the ethos, values and mission of the Society. For further details on how to become a member visit our Become a Member page.