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Q: What can I use a Momentum Loan for?

Momentum Loans can be used to support business growth, strengthen cash flow, invest in equipment, technology or premises, and refinance existing borrowing. We'll work with you to understand your plans and help shape the right funding solution for your business.

Q: Can I refinance existing business debt?

Yes. Momentum Loans can be used to refinance expensive short term borrowing, helping improve cash flow and create breathing space for future growth.

Q: How much can I borrow?

Momentum Loans are available up to £250,000 for eligible businesses.

Q: Will I have a dedicated Loan Manager?

Yes. You'll work with a dedicated Loan Manager who will guide you through the process and answer any questions along the way.

Q: Can I apply if I've had credit issues in the past?

Possibly. We assess every application individually and take the time to understand your business, not just your credit history.

Q: What documents will I need to provide?

The documents required will depend on your business and funding requirements. Typically, we'll ask for recent accounts, bank statements, forecasts and Open Banking access where appropriate.

Q: How does Open Banking work?

Open Banking lets us view your financial data securely so we can make quicker, fairer decisions. You choose what to share, and we only see what’s needed for your application. To grant access, please visit https://connect.consents.online/BEFcommercial .

Q: Do I need to provide security?

For limited companies, directors will usually be asked to provide a personal guarantee. Sole traders and partnerships borrow in their own name and are personally liable. In some cases additional security may be required. Your Investment Manager will explain what applies to your application.

Loan amount £ 50,000

Duration 5years

Monthly repayments

We've identified a Momentum Small Business Loan as the best fit for your business.

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Why we've recommended a Momentum Small Business Loan

Your funding needs and business plans indicate that a Momentum Loan, designed with small businesses in mind, could be suitable for the type and amount of finance you're looking for.

Momentum Loans provide finance for established small businesses looking to grow, manage working capital or refinance existing borrowing.

Momentum Loan at a glance

Momentum Loans can be used to support business growth, working capital and refinancing existing borrowing.

Small Business Loan Up to £250k

For growth, working capital and refinancing

Borrow: Up to £250,000
Repayment term: Up to 5 years
Loan Manager: Dedicated support
Decision making: Human assessment
Funding: Typically within 1–2 weeks
Early repayment: Low fees
Setup fee: 4.5%

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What you need to know

Here's what you need to know about a Small Business Loan before deciding whether to apply.

What will a Momentum Small Business Loan cost?

How quickly can I receive funding?

Can I repay my Small Business Loan early?

Do I need to provide security?

Can I use the Growth Guarantee Scheme for a Momentum Loan?

Eligibility criteria

Why choose BEF for your small business loan?

Lending decisions made by people

We look beyond the numbers to understand your business, your plans and what you're trying to achieve.

A dedicated Loan Manager

You'll have a dedicated point of contact who will guide you through the process, answer your questions and help you understand what's needed.

Funding built around your plans

Whether you're growing, investing, managing working capital or refinancing, we'll take the time to understand your needs and the funding you're looking for.

A not-for-profit lender

As a Community Development Finance Institution (CDFI), our purpose is to help businesses access fair finance and support economic growth in the communities we serve.

How to apply for a Small Business Loan

1. Tell us about your business

Tell us more about your business, your funding needs and what you're looking to achieve.

2. Meet your Loan Manager

You'll work with a dedicated Loan Manager who will guide you through the process and answer your questions.

3. Build your funding solution

We'll take the time to understand your business and work with you to shape a funding solution around your needs.

4. Receive your funding

Once your application has been assessed and approved, we'll arrange your funding and explain the next steps.

Funding decisions are typically made within 1 to 2 weeks.

Check your eligibility

Small Business Loan FAQs

Got questions before you apply? Find answers to some of the most common questions about Momentum Small Business Loans below, or talk to our team if you'd like to discuss your circumstances.

Have another question? Contact our team

What can I use a Momentum Loan for?

Can I refinance existing business debt?

How much can I borrow?

Will I have a dedicated Loan Manager?

Can I apply if I've had credit issues in the past?

What documents will I need to provide?

How does Open Banking work?

Do I need to provide security?