Record loans for Donbac

Donbac was named joint runner up in the category 'Enterprise Agency of the Year" at the 2012 National Enterprise Network awards.

Donbac was named joint runner up in the category 'Enterprise Agency of the Year" at the 2012 National Enterprise Network awards.

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Donbac, the Doncaster-based enterprise agency and finance provider, is celebrating making more loans than ever before.

The organisation provided loans totalling more than £1.5 million during 2012.

Angela Allison, executive director of Donbac, which is classed as a Community Development Finance Institution, said: “In this region, Donbac has continued to serve a growing demand from small businesses.

“While it would be excellent in future for the government to include Community Development Finance Institutions in more capital raising initiatives like the Funding for Lending Scheme, this takes time and businesses need the loans now. At Donbac we have already taken opportunity to grow our capital base to meet demand, securing an additional £1.5 million to lend in South Yorkshire.”