FFE further expands lending team

Ben Merrick | Finance for Enterprise

Doncaster based, Finance For Enterprise (FFE) has further expanded its lending team following the appointment of Ben Merrick as a Senior Business Lending Manager.

Ben has nearly 20 years of experience supporting SME Businesses, working for high street banks and the last 2 years as a Commercial Finance Broker.

Enterprise Loans can provide an alternative source of finance for both start-up and established businesses across Yorkshire and The Humber, Lincolnshire and East Midlands, who are unable to secure all their funding requirements from the banks and/or other mainstream sources.

In his role with FFE, Ben will be supporting SME businesses with their growth aspirations, organising local events (including NetWalking) and meeting with commercial finance brokers to promote FFE and how it can support their clients.

Commenting on his new role, Ben said, “I wanted to join a forward-thinking proactive funder and Finance For Enterprise is a responsible, ethical lender which is committed to helping SME businesses overcome growth barriers.”

Finance For Enterprise, has successfully secured a capital injection of £25 million from Lloyds Bank and Big Society Capital (BSC) under the second phase of the Community Investment Enterprise Fund (CIEF).  This forms a part of a larger £62 million investment initiative aimed at facilitating access to finance for small businesses across England and Wales.

Ranging from £25,001 to £250,000 Enterprise loans can be used for a variety of purposes which include additional capital or headroom in cash flow where additional bank support is unavailable and/or to provide gap funding for growth and development projects as part of a syndicated package.