Maureen Frindi, a nurse who worked with children with mental health problems and learning difficulties for 18 years, bought Buzy Bee Day Nursery in Coventry, West Midlands, in July with the help of a £71,000 government-backed Enterprise Finance Guarantee (EFG) loan.
The EFG loan provides up to £1 million to businesses that in normal circumstances would be able to secure lending from banks but cannot because of the current economic climate. The deal was brokered by Redwoods Dowling Kerr. Buzy Bee's previous owners ran the nursery for ten years. Ms Frindi said she would be involved in the daily running of the business.
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