Sheffield — a city of rich history and vibrant innovation. From the charming streets of Ecclesall to the bustling markets of Hillsborough, the picturesque parks of Abbeydale, and the historic neighbourhoods of Crookes and Walkley, its suburbs are now home to a growing community of entrepreneurs.
Once renowned as the "Steel City" and "The City of Knives" for its steel and cutlery industries, Sheffield now thrives in advanced manufacturing, technology, and healthcare sectors. With world-class research facilities and a vibrant entrepreneurial spirit, the city continues to attract innovative businesses and talent from around the globe.
Starting your own business in Sheffield 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 Sheffield's businesses access the finance they need to grow and flourish.
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.
You can use a business loan to support a wide range of business activities:
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:
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.
A Start Up Loan is here to help your Sheffield-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.
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.
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.
