social impact report & annual statement
Loans up to 25% of pre-pandemic or current turnover

Finance for businesses of all ages

The two years of the Covid-19 pandemic have devastated the hospitality sector which is the third largest private sector employer in the UK. Thousands of businesses have closed, many are the brink of collapse, and countless jobs have lost.

During the last two years, BEF have worked tirelessly to support affected businesses with loans backed by the CBILS and RLS schemes. This ongoing support is now enhanced by The Hospitality Recovery Loan Fund.

Developed by BEF, the Hospitality Recovery Loan Fund delivers additional support to viable hospitality, food, retail and supply chain businesses across Yorkshire, The Humber and Tees Valley that have been affected by Covid-19.

Eligible businesses can access flexible unsecured finance up to 25% of pre-pandemic or current turnover.

A Hospitality Recovery loan can be used for a wide range of purposes:

  • Boost your cashflow
  • Purchase equipment
  • Purchase stock
  • Marketing
  • Business growth

As an alternative lender to start-up and established businesses, we deliver flexible finance responsibly.

Our lending decisions are made by friendly, experienced and knowledgeable investment managers not algorithms. Apply for a loan.

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

Frequently Asked Questions

How do I apply for a Hospitality Recover loan?

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

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.

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.



This is where you explain the nuts and bolts of your business. Questions are straight forward and designed to help us understand your need.



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."