Small business loans north east
Flexible finance up to £250k for businesses in the North East of England.
A hub of innovation and creativity
The North East has transformed into a centre of innovation and creativity. Where it once depended on industries such as coal mining and shipbuilding, now the regions like County Durham, Gateshead, Newcastle, North Tyneside, Northumberland, South Tyneside, and Sunderland have become dynamic areas for new ideas and business ventures.
From Berwick-on-Tweed to Morpeth, Blyth, and down through North and South Shields, Newcastle, Gateshead, to Sunderland, Durham, Hartlepool, and Middlesbrough, SMEs like yours are on a mission to expand and are actively seeking the necessary financial backing to realise their goals.
What business loans are available
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.
If your business is still new and traded for less than 36 months, you can borrow up to £25,000 to help get things moving.
- A 6% fixed interest rate
- Flexible repayment 1 to 5 years
- Up to 4 partners or directors
- No arrangement fees
- No early repayment fees
This is for businesses that are a bit bigger and need more cash to grow.
- Competitive interest rates
- Flexible repayment 1 to 5 years
- Get funds within 2-3 weeks
- Minimal setup fees
- Minimal early repayment fees
A personalised approach to business loans
Like many businesses in the North East, you may struggle to secure the finance you require, which is largely due to the stringent lending criteria set by traditional lenders such as banks. However, our approach to providing business loans is different. We recognise the unique nature of your business and work to offer a personalise finance solution accordingly.
With us, you're not just talking to a computer. From the moment you reach out, you're in the experienced hands of an Investment Manager, who is ready to listen, understand, and help.
How can i use a BEF business loan
Got a new business idea? Use the loan for starting out costs like getting licenses, permits, and buying your initial gear. Ready to make your business bigger or expand into new areas? There’s money to support that move too.
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.
Need stuff to sell or materials to make your products? The loan can help buy all that.
This is for the everyday money needs like paying your team, covering bills, and other regular costs.
If you need new machines, tools, or the latest tech to help your business grow, you can use the loan for that.
Get the word out about your business and attract more customers with some marketing and ads.
You can use our business loans to support a wide range of business activities.
What our clients say
Our clients tell the story best, see how BEF helped them.
“This investment from BEF is a game changer for us. It will allow us to reach even more mums across the UK, expand our team, and enhance the support we offer. We’re incredibly excited about the future and grateful for the opportunity to make an even bigger impact in the lives of mothers.”
Kayleigh Laverick
Mamma Social"The £70k loan from BEF and Ceniarth has allowed for product manufacturing and marketing activities; without this money and the support from my investment manager Antony, this wasn’t going to be possible."
Chris Withers
MiBox-Live“The Start Up Loan from BEF was a game-changer for me, allowing me to transform my vision of owning my own salon into reality and create a space that not only stands out aesthetically, but also embodies the values of community and inclusivity.”
Sara Razzaq
Nova SalonWhy choose BEF
Fair rates for the North East
Our interest rates are set to match what's going on in the North East, making it easier for businesses to grow without getting weighed down by costs.
Local help from the 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 understand the North East
Our loans are built to tackle the challenges businesses face right here, offering real help that makes a difference to local businesses and communities.
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.
EnquireHow do i get started
Complete our online enquiry form. It takes just a minute.
This action sends your information directly to our investment team, who will begin reviewing your request.
A member of our investment team will get back to you within two working days.
They'll guide you on your next steps, including how to complete a full application.
Your frequently asked questions
Have questions? We have answers. If you don't see your question here then reach out to us via our contact page.