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Borrow up to £250,000 to support your business goals

What is a BEF Small Business Loan?

At BEF, accessing funds between up to £250,000 is straightforward and efficient. We offer tailored finance solutions to meet the diverse needs of your business.

A BEF Business Loan can significantly enhance your cash flow, invest in new equipment or stock, acquire assets, refurbish your premises, expand your team, or simply grow your business.

Experience the freedom to grow with our flexible finance solutions. Our Business Loans are perfect for businesses across Yorkshire, The Humber, the North East, and the North West, offering.

Key highlights:

  • Loan amounts ranging up to £250,000.
  • Delivery of funds within 2-3 weeks of application
  • Repayment terms of up to 5 years.
  • Competitive, flexible rates.
  • Minimal setup and early repayment fees.*
  • Dedicated support from our UK-based team of Investment Managers.

Why choose BEF for a Small Business loan?

With BEF, you're not just getting a loan; you're gaining a finance partner dedicated to your success. We are here to give you access to flexible finance that other lenders can't. That's because we understand the transformative effect flexible financing can have on your business and community.

Personalised support for your business journey

  • We recognise that you and your business are unique, and treat you accordingly
  • Our people-first approach ensures personalised service
  • You'll have your own Investment Manager who's there just for you
  • You'll receive help and advice all the way when you're applying
  • Our lending decisions made by real people, not computers

With flexible terms, competitive rates, and a supportive team ready to assist you, there's never been a better opportunity to invest in your future.

Enquire about a Small Business Loan > It only takes one minute.

Need to borrow less than £25,000?

Borrow from £500 to £25,000 with a Start Up Loan. This loans is for businesses (0-36 months trading).

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

FAQs

If you can't find your question here, please reach out to us.

What can I use a Small Business Loan for?

You can use our business loans to support a wide range of business activities:

  • Start-up costs: Got a new business idea? Use the loan for starting out costs like getting licenses, permits, and buying your initial gear.
  • Property stuff: Whether you’re buying a new place for your business, fixing up your current one, or giving it a makeover, there’s cash for that.
  • Inventory: Need stuff to sell or materials to make your products? The loan can help buy all that.
  • Working capital: This is for the everyday money needs like paying your team, covering bills, and other regular costs.
  • Equipment and technology: If you need new machines, tools, or the latest tech to help your business grow, you can use the loan for that.
  • Marketing and advertising: Get the word out about your business and attract more customers with some marketing and ads.
  • Scaling up: Ready to make your business bigger or go into new areas? There’s money to support that move.

Can I use a Small 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 Small Business Loan from BEF?

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.

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 https://connect.consents.online/BEFcommercial.

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.

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

Yes, you can.

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

Yes, you can.

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

Yes, you can.

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

Adaptable rates, with flexible fees

Choose between fixed or variable rate finance, covering up to 100% of your funding needs.

A personal approach to business

We don't do impersonal letters or automated phone services - every client gets connected with a real member of our team.

We don't rely on algorithms

We see each client as a unique individual, and we evaluate their business in the same personalised manner.

Personalised service tailored to you

Our loans are open to all sectors and are crafted to meet your specific needs.

Flexible repayment terms up to 5 years

Various repayment options are available.

Find support to help you through your application here

How the application process works

Here's how to apply. If you need assistance, feel free to email us anytime.

1

Enquire

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.

2

Apply

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.

3

Finalise

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.

4

Go

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.

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."