£60,000 business loan supports Lancashire engineering business
BEF provided a £60,000 Small Business Loan to an engineering business in Lancashire.
The Deal
The £60,000 loan provided flexible finance to support the business.
The finance was delivered by Mark Iley.
Finance: £60,000
Business: Engineering business
Location: Lancashire
Purpose: Flexible business finance
The original loan was backed by the Recovery Loan Scheme (RLS), which has since been replaced by the Growth Guarantee Scheme (GGS). BEF is an accredited GGS lender, supporting access to finance for eligible businesses looking to invest and grow.
Flexible finance for businesses
Businesses can need finance for a range of purposes, from managing cash flow and purchasing equipment to investing in growth.
BEF provides business finance to established businesses for a range of needs, including:
- Working capital
- Equipment and stock
- Business growth
- Asset purchases
- Premises
- Recruitment
Find out more about business finance.
Originally published: 4 October 2022
Updated: 18 August 2026