New Loan Fund Manager offers additional support to small businesses

New Loan Fund Manager offers additional support to small businesses

Tony Banks welcomed on board by Grahame Latus

Enterprise Answers (formally CART – Cumbria Community Asset & Reinvestment Trust) have recruited a new Loan Fund Manager to work with new, small or established businesses across Cumbria looking for funding and support.

Tony Banks, who lives in Milnthorpe, began his new role at Enterprise Answers earlier this year after working in finance for over thirty five years. He previously worked for HSBC as Senior Commercial Manager throughout the North West before moving to Cumbria and covering areas such as Barrow-in-Furness, Ulverston, Kendal and North Lancashire. During his time at HSBC, Tony worked with both start up and established businesses, providing advice on a wide range of finance facilities, which gives him an excellent understanding and awareness of businesses needs.

Tony left the banking industry when he became aware of changes in the economy and recession was on the horizon. There was more emphasis on selling products and meeting targets rather than helping businesses. This is one of the reasons why working with Enterprise Answers really appealed to him.

Tony comments: “Although I enjoyed my time at the bank I felt as an organisation there wasn’t enough time dedicated to looking at loan applications and helping businesses find solutions to their financial problems. I really enjoy helping businesses get going, develop and grow and at Enterprise Answers I can do this once again.”

“Enterprise Answers doesn’t ‘pigeon hole’ businesses like banks. If your business doesn’t fit the mould with a bank these days you don’t get funding and this is where Enterprise Answers can now help. We also get all sorts of unusual and unique businesses, who have been turned down by banks, applying for funding, which is challenging but extremely rewarding when you know you’re helping someone and can see a business develop!”

Enterprise Answers have been assisting businesses across the length and breadth of Cumbria since 2005, providing them with the finance they need to achieve their aspirations for growth and development. They also offer a range of additional support and advisory services to help businesses in Cumbria achieve growth. Enterprise Answers work with business from a wide variety of industries from farming and manufacturing to breweries and beauticians.

“We are delighted to have Tony on board. The knowledge and skills he has brought to the businesses are invaluable and he has already been able to help several businesses secure funding with us. We are only a small team and have recently been inundated with requests and applications so having another Fund Manager on the team means we can help even more people.” Comments Grahame Latus, Chief Executive of Enterprise Answers

Enterprise Answers can provide loans ranging between £3,000 and £100,000 to help assist local business development. To date they have lent over £3.5m in loans to businesses across Cumbria.