Charles Sumner set up NottinghamCar.com in October 2010 to supply affordable, quality used cars in Nottingham. After his previous business failed he struggled to find finance, but was able to take a loan of £20,000 from… Continue reading
Tag: Business finance
Finance For Enterprise celebrates 30 years of business support
CDFA member Finance For Enterprise (originally Donbac) has been supporting the start-up and growth of SMEs since 1985, as one of the first enterprise agencies and business loan funds in the region. To celebrate its 30th… Continue reading
Celebrating 25 years of helping East Mids entrepreneurs
Neil Millington explains how First Enterprise has transformed its lending and business support over a quarter of a century, and why they’re so proud of one of their clients crowned winner at this year’s Citi Microentrepreneurship Awards Continue reading
CIC press release: ‘People Powered Prosperity’ urges national government to embrace meaningful localism
The Community Investment Coalition (CIC) welcomes an innovative book on localism by New Weather Institute. ‘People Powered Prosperity’ sets out a new narrative for very local economics, based on local financial and enterprise institutions, which should… Continue reading
A new ecosystem for business funding-the rise of alternatives
Adam Tavener examines the growth of alternative finance and explains why he set up Alternative Business Funding to help SMEs Continue reading
Bank referral legislation is welcome news for SMEs
The CDFA welcomes George Osborne’s announcement that the Government will introduce legislation that will require banks to refer decline customers to alternative providers. The proposed new rules mean that high street banks will have to offer to connect SMEs that they decline for loans to alternative sources of finance. Continue reading
New community banking solution launched in Bristol
Work is underway to set up and test a simple and practical community finance partnership to deliver wide-ranging finance and support services in Bristol. The pilot project is being led by the South West Investment Group (SWIG), a community development finance institution (CDFI) that will partner with other services to present a viable and integrated alternative solution to fragmented mainstream finance and support services. Continue reading
Creating more jobs than ever before
The impact of CDFIs has grown massively in recent years. The jobs created and saved thanks to CDFIs have more than doubled in just one year. Continue reading
Banking the unbankable
More and more firms are slipping into the category of ‘the unbankable’. But there is light – and money – at the end of the tunnel for these businesses. Continue reading
Ethical lending on the rise as bank lending falls
New research from the CDFA shows that demand for CDFI loans has doubled in the last two years and has now hit almost £1 billion. Continue reading