With typical APR of 9.99%, no credit scoring, no arrangement fee, business support for the duration of the loan and help with filling in the application forms, these loans are perfect for new or small businesses.
It might all seem too good to be true, but Foundation East is a not-for-profit organisation which works to help people who cannot go through the usual routes to get business funding - whether they need top up funding for a bank loan, they have poor credit history, lack of experience or don't have enough security.
Based in Bury St Edmunds, Foundation East provide business loans for new and existing businesses in East Anglia.
They have just started working with Norwich businesses and have introduced these special loan terms specifically for businesses based in Norwich.
One of the Norwich businesses they have previously worked with is The Railway, a pub in Poringland near Norwich. Michael Hunt, the pub's owner, needed additional funds to finish the refurbishment of the pub. He contacted Foundation East and a loans officer came to visit him and talk through his business idea. She helped him with his application and was able to approve the loan fairly quickly.
"The business has been up and running for over two years now and is proving popular. Without the loan from Foundation East, it would still be an idea " said Michael.
Valerie Jarrett, who is the loans officer dedicated to Norwich businesses, has spent 15 years working in the finance field and ran her own business for 14 years.
So not only can Norwich businesses obtain finance in situations where they may be turned down by high street banks, they have their own experienced loans manager to guide them through the application process and to support them on an ongoing basis.
If you are in need of business finance and are based in or near Norwich, give Valerie a ring on 01284 757777 for a confidential chat.