The Hastings based Lets Do Business Group has been rated the leading social enterprise in the country for finance according to the NatWest Social Enterprise 100 Index.
LDBG has helped start-ups and established businesses to grow and prosper throughout the South East of England for more than 20 years.
Its finance arm, Let’s Do Business Finance (LDBF) offers an alternative source of commercial funding to companies that are unable to source the capital they need from high street lenders.
In the last financial year, the group lent more than £700,000 to small and medium enterprises in the South East. This is a marked increase compared to the £238,000 lent the previous year, representing almost an increase in growth of almost 70%.
This is in addition to the £ 1million the Group has lent to start-up ventures in the past four months throughout the South of England.
Ian Smallwood, Head of Services at LDBF, commented:“We are delighted to be number one within the finance sector in the NatWest SE Index.
“Not only have we grown considerably in the past couple of years, but we have been able to almost triple the number of businesses we can help.
“This is a great achievement for our team, but importantly these businesses are now able to grow and thrive, creating more jobs and further strengthen the economy in the South East.”
The team at LDBF offers loans of between £3,000 and £50,000 to companies looking to scale-up their operations, with start-up finance available up to £25,000.
With its origins in Hastings over 20 years ago the Group has developed from an Enterprise Agency and town Chamber of Commerce to become a leading provider of business advice, training, access to finance and business events in the South East.
As well as its work directly with businesses the Group contracts with a range of public and private sector partners to deliver projects and contracts – worth over £10m over the last 10 years.
For more information about the Lets Do Business Group and the services it offers, visit www.letsdobusinessgroup.co.uk.
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