The Let’s Do Business Group is the leading social enterprise in the country for finance according to the NatWest Social Enterprise 100 Index.
In addition to topping the Index within the finance sector, the Let’s Do Business Group (LDBG) feature third across the South East region and fourth overall out of more than 800 social enterprises.
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, LDBF lent more than £700,000 to SMEs in the South East, 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 £1 million 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 said, “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.
The SE 100 Index tracks data from social enterprises across the UK, offering an insight into their performance.