Developed by BEF, the Hospitality Recovery Loan Fund delivers much needed support to viable hospitality, food, retail and supply chain businesses across Yorkshire, The Humber and Tees Valley that have been affected by the recent pandemic.
Borrow up to 25% of pre-pandemic or current turnover:
As a not-for-profit Community Development Financial Institution (CDFI), we provide flexible finance to businesses who can not access mainstream lending:
Over the last 11 years we've:
For early resettlement fees, please refer to Section (4) Repayments of our Terms of Engagement.
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.
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.
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.
Yes, you can. Apply for a loan now.
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.
Early repayment fees apply. Please refer to Section (4) Repayments of our Terms of Engagement.
Fixed or variable rate finance available for up to 100% of your funding requirement.
Impersonal letters and automated telephone services are not our style, all clients are connected with a member of our team.
Each client is recognised as an individual and their business is assessed in the same way.
Loans available to all sectors that are designed to meet the needs of each client.
Various repayment options available.
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.
"Throughout our journey so far, we have turned to BEF first for our funding requirements."