Momentum Loan

Grow your business with confidence

£ 50,000
5years
£

Up to £250k of flexible finance from business experts across the North.

Start your application

Helping the North grow

Businesses across the North are thriving thanks to BEF Momentum Loans.

    "This NPIF loan has empowered us to better serve our community and expand our horizons."

    Befund

    Tomas Oppedal

    "Throughout our journey so far, we have turned to BEF first for our funding requirements."

    Befund

    Momentum Loans: Overview

    SME owners and entrepreneurs can access fair, flexible funding with a BEF Momentum Loan. Work with local business experts who see your vision and support your ambition.

    Dodge the red tape of traditional lenders. We offer loans up to £250k, typically within two weeks.

    Need more info? Contact us
    Momentum Loan Up to £250k

    Grow with confidence

    • For businesses trading 1+ years
    • Competitive interest, repay over 5 years
    • 4.5% setup fees
    • Low early repayment fees
    • Funds typically in 1–2 weeks
    • Credit check required
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    Is a Momentum Loan right for you?

    The BEF team can help find the most appropriate finance for your business.

    Start your application
    This loan could be right for you if:
    This loan isn't right for you if:
    Am I eligible?

    Why get a Momentum Loan from BEF?

    Expert local support

    Get a decision from Northern-based business experts who know the region and support your ambition.

    Real human decisions

    Every loan is manually approved by someone who's taken the time to understand your business.

    Not-for-profit lending

    The interest you pay on your loan goes straight to supporting more businesses across the region.

    Making a positive impact

    Our work protects and creates jobs, helping the regional economy compete worldwide.

    We're the North's growth partner.

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    How to apply in four steps

    1. Apply for funding

    Tell us what your business needs to keep growing.

    2. Get expert support

    Our team will build a loan around you.

    3. Receive your offer

    We'll clearly explain the terms of your loan in plain language.

    4. Receive your funding

    We typically aim to approve applications within two weeks.

    Protect your business in under five minutes.

    Start your application

    Frequently asked questions

    Don't see your question answered here? Get in touch, we're happy to help.

    Contact BEF
    What documents will I need to provide?
    How does Open Banking work?
    Can I apply if I’ve had credit issues in the past?
    Do I need to offer security?
    How long does it take to get a decision?
    What can I use the Momentum Loan for?

    Start your application

    Ready to take the next step? Share your business goals and funding needs, and we’ll build a Small Business Loan around you.

    Start your application

    Loan example

    You can apply for a Small Business Loan of up to £250,000.

    For a Small Business Loan of £50,000 loan repayable over 5 years (this is an illustration only):

    • 60 monthly payments of £1,256.11
    • Setup fee: £2,000 (payable at start of contract)
    • Interest rate: 13.5% per annum (above B.O.E base)
    • A personal guarantee may be required

    Your actual loan terms may vary depending on your circumstances and the decision of our credit approvers.

    All loans are subject to eligibility and affordability checks. 

     

    Early Repayment Fees

    For early resettlement fees, please refer to Section (4) Repayments of our Terms of Engagement.