Borrowers
Foundation East recognise that most businesses will face obstacles at some point in their journey, so they focus their energy on helping customers to overcome these hurdles to enable them to develop and grow.
An example of this is Boston Body Hub, a gym and community hub located in a rural area where obesity rates are higher than the national average. The funding mechanisms for this social business are challenging to operate; many of their contracts are payment by results models which have an impact on the gym’s ability to service debt in the same way a regular “for profit business” would operate. Foundation East recognise this is an operational obstacle and therefore provide a flexible product that enables the business to service its debt in line with contract payments.