The North East has transformed into a centre of innovation and creativity. Where it once depended on industries such as coal mining and shipbuilding, now the regions like County Durham, Gateshead, Newcastle, North Tyneside, Northumberland, South Tyneside, and Sunderland have become dynamic areas for new ideas and business ventures.
From Berwick-on-Tweed to Morpeth, Blyth, and down through North and South Shields, Newcastle, Gateshead, to Sunderland, Durham, Hartlepool, and Middlesbrough, SMEs like yours are on a mission to expand and are actively seeking the necessary financial backing to realise their goals.
Like many businesses in the North East, you may struggle to secure the finance you require, which is largely due to the stringent lending criteria set by traditional lenders such as banks. However, our approach to providing business loans is different. We recognise the unique nature of your business and work to offer a personalise finance solution accordingly.
With us, you're not just talking to a computer. From the moment you reach out, you're in the experienced hands of an Investment Manager, who is ready to listen, understand, and help.
We provide flexible finance to support different business needs and stages:
So, no matter your sector, the size of your business or how long you’ve been trading, we have a loan that can be tailored to fit your needs.
You can use our business loans to support a wide range of business activities:
Established in September 2015, The Great North Eastern Brewing Company brews real ale which it sells by the cask or keg to pubs, clubs and hotels in the north east and beyond. BEF have supported the business with a Start Up Loan followed by a further investment of £100,000.
The investment provided working capital to expand sales to hospitality businesses based in Edinburgh, York, and the lake district, with the business recently being added to the suppliers list at a leading high street pub chain.
“I have dealt with Doug Heseltine for 7 years now and would like to say that this business would not be at the stage it is without his help and the help of BEF hopefully the business will continue to grow so credit is due to you.”
- Paul Minnikin, director, The Great North Eastern Brewing.
We have built our loans to fit your business needs, and to tackle the unique problems you might face in the area. See how our different approach can your business take off:
Of course, you might have some questions. Here are some of the most common ones we get about our loans for the North East. If you have more questions, feel free to get in touch with us.
Connect with an Investment Manager:
To be eligible for a loan from us, you must:
We provide Start Up Loans for businesses located in the North East. These loans, supported by the government, offer the chance to borrow up to £25,000 at a reduced interest rate. Additionally, they include several other advantages designed specifically for your needs. Find out more >
Usually, our team of Investment Managers will help you finish everything up within three weeks after you apply.
We use Open Banking to help us make a decision to lend. To fast track a decision, you must grant access to your financial data using our Open Banking portal: https://connect.consents.online/BEFcommercial.