Flexible secured and unsecured loans up to £250,000 that can be tailored to support business needs.
- Terms up to 10 years
- Finance for cash flow, asset purchase, business growth and development
- Flexible rates, set up and early repayment fees
- Personal guarantees required
BEF also lend up to £250,000 unsecured for businesses in the North of England that make a difference through social or economic impact. Eligibility for unsecured loans up to £250,000 is subject to full due diligence and would need to meet our lending criteria.
Typical features of a qualifying business applying for this higher amount would include most of the following:
- An established and profitable business with an increasing net worth
- Operating on a B2B basis
- Management accounts produced at least on a quarterly basis
- Experienced owners / directors with good credit and personal asset position
- Operating a clean bank account with low business debt
- Can demonstrate job creation as a result of the lending