Start or grow your women-led business
Every business needs initial capital to start. Sadly, some businesses can find it difficult to access the finance they need to begin or expand. This is true of businesses owned by women.
Empowering women entrepreneurs
Many women struggle with gaining access to mainstream banks and financial services. This barrier can stem from a variety of factors, including location, lack of networking opportunities, or previous financial disparities.
Thankfully, there's a way to level the playing field. For women business founders, a Start Up Loan is often the stepping stone to bridging the gap between potential and success.
To date, Start Up Loans have supported 110,699 businesses, with over 40% of those being owned by women.
Key features
Loan amount
Borrow up to £25,000 (BEF average loan size = £11,000).
Interest rates
6% fixed. Take advantage of a low interest rate to help start or grow your business.
Repayment terms
Enjoy flexible repayment options spanning 1 to 5 years.
One Business, four loans
Up to four partners or directors can each apply for a Start-Up Loan for the same business.
For businesses trading less than 36 months. Take advantage of no arrangement fees, no early repayment fees, and up to 12 months of complimentary post-loan mentoring.
What is a start up loan
Whether you're just starting to shape your business idea or you're looking to grow your start-up, securing a Start Up Loan can help you flourish while contributing to the prosperity and resilience of your local community.
How do i get a start up loan from BEF
Start by completing and submitting your application online. This initial step gathers essential details about your business and funding needs.
Once your application is received, we'll perform a credit check and conduct an initial review.
We’ll review your business plan and supporting documents in detail.
Following the review, we’ll make a decision and present you with a loan offer.
Usually, our team of Investment Managers will help you finish everything up within six weeks after you apply.
ApplyWhat our clients say
Our clients tell the story best, see how BEF helped them.
“I have dealt with Doug Heseltine for 7 years now and would like to say that this business would not be at the stage it is without his help and the help of BEF hopefully the business will continue to grow so credit is due to you.”
Paul Minnikin
The Great North Eastern Brewing“The Business Enterprise Fund has been a huge help in us getting started, with the loan helping on everything from signage to equipment and we’ve so appreciated their ongoing professional advice.”
Laura Ben Mayor
Why choose BEF
Tailored support
We get that every business is different, so we fit our help to match what you need and what you're aiming for.
Real people making decisions
No cold, heartless computers here. Our friendly and experienced Investment Managers are the ones who make the call.
A trusted partner
We're here to offer you flexible money options to help you start and when grow.
Teaming up
We work closely with the British Business Bank to help new businesses in the North East, the Humber, and Yorkshire.
BEF is more than just a place to borrow money; we're a trusted partner who really wants you to do well. We're all about helping people get the money they need to start their dreams.
ApplyFrequently asked questions
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.