Bury St Edmunds entrepreneur shuns banks to grow her business

An entrepreneur from Bury St Edmunds has seen her business turnover and staff numbers double in just two years after she shunned the banks.

Laura Morrison put her business, Your Telemarketing, on the path to growth after seeking help from the not-for-profit finance provide Foundation East.

She says that since then her business has outpaced all expectations and has even made it onto the region’s Future50 list of the most innovative and pioneering firms in 2016.

Your Telemarketing, in St Andrew’s Street South, seeks to support small and medium sized businesses with flexible and affordable telemarketing solutions and itself has created three jobs and plans to recruit two more staff by the end of the year.

Ms Morrison says she approached Foundation East after finding that mainstream banks’ limitations on loans for new businesses would actually mean cutting her growth plans.

She said: “Foundation East met with me as the business owner, listened to my story, my position and my plans.

“They believed in me, and my ability. With their support I have nearly doubled in size. The business is continuing to grow, and I plan to further double our staff.

She added: “Foundation East is exceptional in the region for providing financial support to businesses with real potential to deliver services and solutions that create jobs.

“Where traditional lenders only look at the financial position and the bottom line, Foundation East sees the person behind the business, their drive, ambition, and capability to deliver against a robust business plan.”

Foundation East’s business loans manager for Suffolk and Norfolk, Valerie Jarrett said: “Laura was keen to grow her business and to create jobs. We were delighted to support her.”