The article presents and characterizes the relationship between the customer loyalty (with particular emphasis on loyalty motives), the attitudes adopted by them and the achieved level of effectiveness and increase in the value of the enterprise. The purpose of the publication is to present the original concept of the impact of customer loyalty on the process of building enterprise value. The article is a concept study based on: the results of a in-depth literature search query, experiences deriving from cooperation with the sector of small and medium-sized enterprises, the author's own studies on the management of relations with customer capital in the sector of small and medium-sized enterprises (grant from the National Science Center) and experience gained in own business activities. The arguments presented in the literature query and the developed concept of the impact of customer loyalty on the value of the enterprise, constitute a justification for the thesis about the positive impact of customer loyalty motives on shaping the value by increasing the level of the effectiveness index. The publication presents, in the form of a recommendation, the most important actions that can be taken by an enterprise to stimulate consumer behavior, resulting from the identification and understanding of customer loyalty motives.