In today's fast-moving economy, small and medium-sized enterprises (SMEs) are crucial for innovation and economic growth. Yet, many find it hard to get the finance they need to grow and succeed. This is due to strict lending rules from traditional lenders, location disadvantages for businesses in less developed areas, unfair biases against certain industries, and systemic injustices affecting diverse business owners.
We tackle these issues directly by offering small business loans designed for the unique needs of SMEs in Yorkshire and the Humber, the North East, and the North West.
*For early resettlement fees, please refer to Section (4) Repayments of our Terms of Engagement.
** A personal guarantee may be required where a RLS is unavailable
BEF is committed to fair finance, making sure every business, no matter its size, location, industry, or the background of its owners, has the chance to succeed. Here's why a BEF Small Business Loan is a great choice:
"Our partnership with BEF has been instrumental in realising our growth aspirations. This NPIF loan has empowered us to better serve our community and expand our horizons.
- Tomas Oppedal, The Eye Store
Take the first step towards unlocking your business's potential. Enquire about a small business loan today. It only takes one minute.
Secure a Start Up Loan ranging from £500 to £25,000, specifically designed for businesses who want to start or grow. This option is available to businesses that have traded for less than 36 months.
If you can't find your question here, please reach out to us.
To apply for a business loan online, you must:
You can use our business loans to support a wide range of business activities:
Generally, the process from application to decision takes 2-3 weeks, depending on the loan's complexity and how quickly you provide all necessary documents. Your investment manager can offer more detailed information on this.
If you wan to fund a new start-up business then you should consider a Start Up Loan.
To apply for a Small Business loan, simply complete our enquiry 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: https://connect.consents.online/BEFcommercial.
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 https://connect.consents.online/BEFcommercial.
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.
Choose between fixed or variable rate finance, covering up to 100% of your funding needs.
We don't do impersonal letters or automated phone services - every client gets connected with a real member of our team.
We see each client as a unique individual, and we evaluate their business in the same personalised manner.
Our loans are open to all sectors and are crafted to meet your specific needs.
Various repayment options are available.
Here's how to apply. If you need assistance, feel free to email us anytime.
Tell us a bit about what you need for your loan. It only takes a minute to fill out. If we can help with your loan, we'll send you a link to a special application form.
Here's where you get into the details of your business. The questions are easy to understand and meant to help us figure out what you need. You'll also need to share some financial info using Open Banking.
We don't make decisions based on computer programs! At this stage, we might need a bit more information from you; your personal Investment Manager will reach out to you.
If your application is approved, it's time to go! We'll transfer the funds to your account, and you can start using them immediately. If your application is unsuccessful, we'll try to give you feedback and advice to help you move forward.
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."
