social impact report & annual statement
Unsecured or secured loans up to £250,000

Flexible finance for businesses of all ages

Whatever your business needs - boost your cashflow, buy new equipment or stock, expand, or hire staff - a business loan from BEF can provide you with the flexible finance you need to expand your business.

Business loans provide flexible unsecured or secured finance up to £250,000 for new and existing businesses across most sectors.

Borrow up to £250,000 within the NPIF region or £150,000 outside the NPIF region:

  • Terms up to 5 years.
  • Flexible rates, set up and early repayment fees.
  • First class customer support from a dedicated Investment Manager.
  • Our lending decisions are made by humans not algorithms.
  • BEF is accredited by the Government-owned British Business Bank to provide business loans of £25,001 – £250,000 under the Recovery Loan Scheme (RLS).
  • Personal guarantees may be required if ineligible for RLS or replacement scheme.

Apply for a Business loan now >

Our Impact

As a not-for-profit Community Development Financial Institution (CDFI), we provide flexible finance to businesses:

  • 40% of our total loan recipients are women.
  • 20% of our total loan recipients are from Black, Asian and other Ethnic-Minority backgrounds.

Over the last 11 years we've:

  • Supported over 4,833 businesses with £108m of investment.
  • Added over £392m to the economy.
  • Helped create or safeguard over 13,140 UK jobs.
  • Helped create over 2,170 new UK businesses.

Apply for a Business loan now >

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

Frequently Asked Questions

If your question isn't here, please get in touch via our contact page.

Can I use a Business Loan to start a new business?

If you are starting a new business, a Start Up Loan would be most appropriate.

How do I apply for a Business Loan from BEF?

To apply for a Business loan, simply complete our online application form. Once complete, a member of our investment team will respond within two working days.

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:

How do I grant permission for BEF to access my financial data using Open Banking?

We use Open Banking to help us make a decision to lend. We only request permission to see the information we need to provide a loan to you.

To grant access, please visit

How long does an application take to be approved?

Typically, the time from application to decision is 2-3 weeks. This is subject to the complexity of the loan and your timely submission of all required documentation. Your investment manager will be happy to discuss this in more detail. Apply now.

Can I get an Business loan if I already have a Bounce Back loan?

Yes, you can. Apply for a loan now.

Can I get a Business loan if I am unable to secure a Recovery (RLS) loan?

Yes, you can. Apply for a loan now.

Can I get a Business loan if I don't have a Recovery Backed (RLS) loan?

Yes, you can. Apply for a loan now.

What is a Personal Guarantee?

A Personal Guarantee is taken to back-up our loans. It is a legal promise that in the event the borrower company fails to make repayments of the loan, the lender can ask the guarantor to make payment on the borrower’s behalf.

For more information, please read our Personal Guarantee Notice.

What are the early repayment charges?

Early repayment fees apply. Please refer to Section (4) Repayments of our Terms of Engagement.

Our Offer

Flexible rates, set up and repayment fees

Fixed or variable rate finance available for up to 100% of your funding requirement.

Business with a human touch

Impersonal letters and automated telephone services are not our style, all clients are connected with a member of our team.

We are not algorithm driven

Each client is recognised as an individual and their business is assessed in the same way.

Personal tailored service

Loans available to all sectors that are designed to meet the needs of each client.

Flexible terms up to 5 years

Various repayment options available.

Find support to help you through your application here

The Application Process

Follow these steps to apply. We’re here to help throughout the process.



Share basic details about your loan requirements. It only takes a minute to complete. Subject to us being able to support your loan requirements, you will receive a link to dedicated application form.



This is where you explain the nuts and bolts of your business. Questions are straight forward and designed to help us understand your need. You will also be asked to share financial information using Open Banking.



We don’t rely on computer generated decisions! At this point you may be asked to shed light on some further details; your own Investment Manager will be in touch.



If your application is successful it’s go time! We’ll transfer funds to your account and you can put them to use right away. If you’re unsuccessful we endeavour to provide feedback and guidance to help you in going forward.

What our clients say

Our clients tell the story best, see how our loans helped them.

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