Startups
Starting a business means paying for things before you're generating enough income to cover them. BEF can help you explore finance to get started, invest in what you need and build your business.
Finance for starting a business
From getting your business ready to trade to buying equipment, building stock or managing working capital, there are many reasons you might need finance when starting a business.
As a not-for-profit lender, BEF provides finance and support to businesses across the North of England. We'll take the time to understand what you're trying to achieve and help you explore the funding options that may suit your business and circumstances.
Startup funding options
There isn't one funding option that suits every new business. The right choice depends on what you need the money for, how much you need and your circumstances.
For eligible founders, a government-backed Start Up Loan delivered by BEF may be one option to consider. It can be used for a wide range of business purposes, including getting started, purchasing equipment, building stock and supporting working capital.
Why startups choose BEF
Not-for-profit finance
We're a not-for-profit lender focused on helping businesses access finance and creating positive social and economic impact across the North of England.
Finance and practical support
Finance is only part of starting a business. We combine lending with practical support to help you understand your options and plan for the next stage.
Local knowledge
We're rooted in the North of England and understand the local economies, communities and opportunities that shape the businesses we lend to.
A human approach
Every business is different. Our team takes the time to understand your plans and circumstances, giving you clear information so you can make informed decisions about your finance.
Find your startup finance options
Not sure which finance option could work for your startup? Our Find your finance tool helps you explore the options that may suit your business, what you're trying to achieve and where you are on your business journey.
Startup finance FAQs
Find answers to common questions about startup finance, including who may be eligible, what funding can be used for and how it could help you get your business off the ground.