Business Enterprise Fund (West & North Yorkshire and the North East)
British Business Bank programme: Enterprise Finance Guarantee
The Business Enterprise Fund provides loans from £500 to £150,000 to businesses that are unable to raise the finance they require from mainstream lenders. Lending up to 100% of the proposition across all sectors BEF has assisted over 2000 businesses since making its first loan in 2004.
Funding can be for all business needs including cash flow, assets and expansion plus those applicants with poor credit are also considered. In addition to their Bradford base, BEF operates from local offices in both York and Leeds and has recently expanded into the North East with an office in Darlington. In 2014 BEF has celebrated its 10th birthday.
The Business Enterprise Fund is a social enterprise and a Community Development Finance Institution – all our profits and reinvested in the company to further our social aims
They offer the Term Loan variant.