Foundation East raises capital to lend to small businesses by selling shares in its Mutual Society. Foundation East is democratically governed by its members, who believe in its mission and shares its values. Their borrowing customers run businesses from all sectors. What these businesses have in common is that raising funds through banks and other sources has proved difficult, for a range of reasons including, a short trading history, insufficient security, unusual business model or a lower than acceptable credit score.
Business founded
Ben Com founded 2004
Headquarters
Bury St Edmunds
What they do
Foundation East lends up to £100,000 to businesses and social enterprises operating in any sector, for any legitimate and ethical business purpose. Read more
Financial performance
Foundation East’s income is generated through interest and fees charged for the provision of loans, both from its own book and from contract delivery. In addition Foundation East earns income from letting properties.
Tax Relief can be claimed from
from tax year 2018/19
Relief
5% Tax Relief per year
Social performance
The wellbeing and personal circumstances of Foundation East’s borrowers is improved through their ability to access affordable finance to grow and develop their businesses. In addition many of Foundation East’s borrowers are also social enterprises.
Governance and people
Katy Ford
Chief Executive and Company Secretary
Mike Harrowven
Chair
Barry Van Eupen
Treasurer
Who benefits
Foundation East's mission is to support job creation, job sustainability and to strengthen communities by providing financial products and associated services.
"Tapping into Foundation East’s expertise, alongside the loan has been brilliant." BeeBee Wraps
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