Small Business Loans Hull & East Yorkshire

Flexible finance for businesses in Hull and East Yorkshire.

North Humberside, traditionally influenced by maritime and industrial sectors, is currently experiencing a significant transformation. This change is unfolding across its key cities and towns, including Hull, Beverley, and Goole, which are evolving into lively hubs for innovation and entrepreneurial activity.

Entrepreneurs and business owners in the region are turning their sights towards expansion, actively seeking the crucial financial backing needed to fuel their business ambitions and drive forward the area's economic renewal.

Just many businesses across North Humberside, you might find it challenging to obtain the finance you need, primarily because of the strict borrowing required enforces by traditional lenders such as banks. Our approach to providing business loans is different. We acknowledge the unique aspects of your business and strive to deliver a personalised financial solution that meets your specific needs.

With us, you're not just talking to a computer. From the moment you reach out, you're in the experienced hands of an Investment Manager, who is ready to listen, understand, and help.

What business loans are available?

We provide flexible finance to support different business needs and stages:

• Start Up Loans (up to £25k): For individuals who want to start or grow a business.
• NPIF II Smaller Loans (£25k-100k): For new and existing businesses with growth and development projects.
• Small Business Loans (up to £250k): For new and existing businesses with larger projects.

So, no matter your sector, the size of your business or how long you’ve been trading, we have a loan that can be tailored to fit your needs.

What can I use a 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.

Why choose BEF?

Our goal is to provide you with the most straightforward and effortless loan experience possible. We have built our loans to fit your business needs, and to tackle the unique problems you might face in the area. See how our different approach can help your business take off:

• Fair rates for Hull and East Yorkshire: Our interest rates are set to match what's going on in North Humber, making it easier for businesses to grow without getting weighed down by costs.
• Local help from local experts: We have people from the area who know all about the local business environment. They tailor our services to give you spot-on advice and solutions.
• Fast loan approval: We get your loan sorted quickly so you can jump on opportunities or sort out problems without delay.
• We get Hull and East Yorkshire: Our loans are built to tackle the challenges businesses face right here, offering real help that makes a difference to local businesses and communities.

How do I get started?

1. Complete our online enquiry form. It takes a minute to complete.
2. A member of our Investment Team will get back to you within two working days. They'll guide you on your next steps, including how to complete a full application.