Hull — a city with a deep maritime heritage and a burgeoning centre for modern enterprise. From the historic docks of the Old Town to the contemporary shopping areas of St. Stephen’s, the serene expanses of East Park, and the charming avenues of Avenues district, its neighbourhoods are brimming with life and opportunities.
Once celebrated as the "Gateway to Europe," thanks to its strategic position on the Humber Estuary, Hull has reinvented itself as a hub for renewable energy, digital technology, and cultural tourism. Boasting investments in green energy and digital infrastructures, the city has become an attractive destination for forward-thinking businesses and creative minds.
Starting your own business in Hull 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 Hull'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:
To apply for a Business loan, simply complete our online enquiry form. It takes a minute to complete.
After you've finished, a member of our investment team will get back to you within two working days. They'll guide you on what to do next, including how to fill out a full application.
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 Hull-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.