Borrow up to £250k for a wide range of businesses uses
Who are BEF north east
At Business Enterprise Fund (BEF), we're committed to supporting the growth and success of small and medium-sized enterprises (SMEs) across the North of England. Our Sunderland office serves as a gateway for businesses in the region to access the flexible finance they need to begin, expand, and flourish.
As a not-for-profit social enterprise, provide accessible and affordable funding to SMEs in the North East to help foster economic growth and job creation across County Durham, Gateshead, Newcastle, North Tyneside, Northumberland, South Tyneside and Sunderland.
What business loans are available
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.
If your business is still new and traded for less than 36 months, you can borrow up to £25,000 to help get things moving.
- A 6% fixed interest rate
- Flexible repayment 1 to 5 years
- Up to 4 partners or directors
- No arrangement fees
- No early repayment fees
If you need more money, there’s an option to borrow up to £250,000. This is for businesses that are a bit bigger and need more cash to grow.
- Competitive interest rates
- Flexible repayment 1 to 5 years
- Get funds within 2-3 weeks
- Minimal setup fees
- Minimal early repayment fees
Why choose BEF
Fair rates for the North East
Our interest rates are set to match what's going on in the North East, making it easier for businesses to grow without getting weighed down by costs.
Local help from local experts
We have people from the area who know all about the local business environment. They tailor our services to give you spot-on advice and solutions.
Fast loan approval
We get your loan sorted quickly so you can jump on opportunities or sort out problems without delay.
We get the North East
Our loans are built to tackle the challenges businesses face right here, offering real help that makes a difference to local businesses and communities.
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.
Who can i speak to about a loan for my business
No, we are not. Our Investment Managers will work closely with you to understand you and your business objectives and develop a flexible finance plan that aligns with your specific needs.
We pride ourselves on our flexibility and personalised approach, ensuring that you receive the support you need to navigate the funding process and achieve your business aspirations.
Connect with an Investment Manager: Lee Vickers, Senior Investment Manager, Business Loans, LinkedIn. Antony Nicholson, Investment Manager, Business Loans, LinkedIn. Chris McGill, Associate Investment Manager, Start Up Loans. Claire Constable, Associate Investment Manager, Start Up Loans.
BEF North East
If you want to start or grow a business in the North East, then we are here to assist you. Tell us what you need and we will let you know more about your best available options.
Frequently asked questions
Of course, you might have some questions. Here are some of the most common ones we get about our loans for Yorkshire. If you have more questions, feel free to get in touch with us.