Lords Automobiles

The funding from First Enterprise – Enterprise Loans has primarily been used to purchase a van and equip it with the necessary materials inside, such as water tank, electric generator, cleaning products and equipment.

Additionally, it has been allocated to create a website and buy uniforms for brand awareness.

First Enterprise – Enterprise Loans provides government-backed business loans ranging from £500 - £250,000 for start-ups and SMEs that are unable to borrow from traditional high-street lenders.

The not-for-profit organisation reinvests any surplus into loan funds to further support economic growth and job creation in the local communities.

Sinziana Taran, Co-Founder of Lords Automotive, comments: “We applied for a Start Up Loan to get the business started, and securing the loan has helped us make our dream come true.

"The application was quicker than I had expected, and the support from my business adviser, Inderpal, was priceless and crucial for the application approval. We wholeheartedly recommend the Start Up Loan to anyone looking to start a business and in need of financial support.”

Inderpal Singh, Business Adviser at First Enterprise – Enterprise Loans, comments: “Marian and Sinziana have demonstrated a profound dedication to their work. It was a positive experience to review and support their loan application. I have no doubt that Lords Automotive will flourish in the coming years.”

Richard Bearman, Managing Director of Small Business Lending, British Business Bank commented: “Lords Automotive are filling a much-needed gap in their local market and I’m confident that they will be able to continue to develop the business following their First Enterprise - Enterprise Loans.

"We are proud to support them on their journey and look forward to watching them grow even further.”