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Small Business Loans Hull

Flexible finance for businesses in Hull

Hull — a city with a deep maritime heritage and a burgeoning centre for modern enterprise. From the historic docks of the Old Town to the contemporary shopping areas of St. Stephen’s, the serene expanses of East Park, and the charming avenues of Avenues district, its neighbourhoods are brimming with life and opportunities.

Once celebrated as the "Gateway to Europe," thanks to its strategic position on the Humber Estuary, Hull has reinvented itself as a hub for renewable energy, digital technology, and cultural tourism. Boasting investments in green energy and digital infrastructures, the city has become an attractive destination for forward-thinking businesses and creative minds.

Starting your own business in Hull is exciting, but finding the money to get started can be tough. That's where Business Enterprise Fund (BEF) come in. Our loans are all about helping Hull's businesses access the finance they need to grow and flourish.

What small business loans are available in Hull?

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

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.

How can my Hull business benefit from a BEF loan?

You can use a business loan 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.
Our Investment Team are here to help.

Why choose BEF?

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 your business take off:

  • Fair rates for Hull: Our interest rates are set to match what's going on in Hull, 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: 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?

To apply for a Business loan, simply complete our online enquiry form. It takes a minute to complete.

After you've finished, a member of our investment team will get back to you within two working days. They'll guide you on what to do next, including how to fill out a full application.


Of course, you might have some questions. Here are some of the most common ones we get about Start Up Loans. If you have more questions, feel free to get in touch with us.

How can I use a Start Up Loan once approved?

A Start Up Loan is here to help your Hull-based start-up grow, but we get that every business is different. You can generally use the loan for things like day-to-day costs, premises, equipment, stock, marketing, bringing on new team members, or other ways to build your business. Still, we suggest explaining how you plan to use the money in your application, so it matches up with what the loan is meant for.

What documents are required for a Start Up Loan application?

Usually, you'll need to show us your Business Plan, Cash Flow Forecast, Personal Survival Budget, and Personal Bank Statements from the last three months. Don't worry, one of our friendly Investment Managers will let you know if we need anything else from you.

Can I apply for a Start Up Loan if I have a poor credit history?

We look at every application carefully, considering more than just your credit history. Even if your credit isn't perfect, it doesn't mean you're out of the running. We suggest talking with an Investment Manager about your particular case to figure out the best way to move forward.