Northumberland, England's northernmost county, is known for its picturesque landscapes, historic castles, and diverse communities like Alnwick, Hexham, and Berwick-upon-Tweed.
The county thrives on a rich tapestry of industries from traditional farming and tourism to emerging sectors like technology and renewable energy. Northumberland's diversity creates a lively and growing business community, perfect for start-ups and established companies wanting to get bigger or explore new paths.
For those looking to start or grow a new business in Northumberland, a Start Up Loan can provide the crucial backing needed to turn innovative ideas into reality.
Whether you're just starting to shape your business idea or you're looking to grow your start-up, a Start-Up Loan can give you the cash you need for your unique situation. These loans are super flexible, which means you don't need to promise something valuable or have someone back you up to get them. They're a great option for any business, no matter how big or small.
Key Features:
Understanding the eligibility criteria is the first step to accessing the a Start Up Loan for your Northumberland-based business.
The eligibility criteria is designed to be inclusive, aiming to foster a community of business owners who are as diverse and dynamic as Northumberland itself. From tech innovators to creative minds, we're looking to support the people behind the ideas that will drive our city forward.
Eligibility criteria includes:
Whether you're an aspiring business owner or a small business owner ready to take the next step, if you meet these criteria, we encourage you to apply.
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 Northumberland-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.
Established in September 2015, The Great North Eastern Brewing Company brews real ale which it sells by the cask or keg to pubs, clubs and hotels in the north east and beyond. BEF have supported the business with a Start Up Loan followed by a further investment of £100,000.
The investment provided working capital to expand sales to hospitality businesses based in Edinburgh, York, and the lake district, with the business recently being added to the suppliers list at a leading high street pub chain.
“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, director, The Great North Eastern Brewing.
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.
So far, we've helped over 5,000 people start their journeys with £20 million in Start Up Loan cash.
Here's what we do:
Getting a Start-Up Loan is a simple process:
Usually, our team of Investment Managers will help you finish everything up within six weeks after you apply.
