From the 6th April 2026 the Start Up Loans fixed interest rate for new applications is changing to 7.5%. Eligibility criteria for a first Start Up Loan is being extended to businesses that have been trading for up to 60 months.
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Start Up Loan

Just getting started? A Start Up Loan can help you take that first big step with the funding and support to start or grow your business.

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Refinance Loan

Why let £1,000s slip away in costly repayments? Refinance your short-term debt into fair terms and keep more of your money working for your business.

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Real success stories from North East businesses

Richard Rigg of Rigga Repairs with Shannon Donaghy of BEF North East
Gateshead Start Up Five figures

Valuable time: North East luxury watchmaker secures five-figure Start Up Loan

A Gateshead watchmaker is giving the world’s most luxurious timepieces a new lease of life, right here on our doorstep. All it took was a little hand from the Start Up Loans programme and Business Enterprise Fund (BEF) North East.

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Mohammad Khalaghe of Dough and Desserts with Shannon Donaghy of BEF North East
Stanley Start Up Five figures

Start Up Loan helps Dough & Desserts get a pizza the action

A Stanley takeaway entrepreneur was able to serve up a grand opening for his dream venue’s eager new customers. Support from Business Enterprise Fund (BEF) North East to get a Start Up Loan was the missing ingredient.

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Zac Winter of South Shields-based AFL Decorating and Maintenance with Shannon Donaghy of BEF North East
South Shields Start Up £3,500

Painting the path to success: AFL Decorating and Maintenance thrives with a Start Up Loan

Zac Winter, the founder of South Shields-based company AFL Decorating and Maintenance, is living proof that hard work and determination can turn a passion into a thriving business.

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Stephen Dial and Stuart Brand of Charles Grey Menswear with Antony Nicholson of BEF North East
Stanley Small Business Five figures

Five-figure Small Business Loan keeps Charles Grey Menswear a cut above the competition

A Stanley formal menswear wholesaler is now suited and booted for seamless growth. A loan from BEF North East made it possible.

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Chris Withers, founder of Mi-BoxLive, with Antony Nicholson of the Business Enterprise Fund North East
Middlesbrough Small Business £70,000

Former teacher launches sports-based game to shake up maths learning

£70k BEF loan supports the growth of Middlesbrough's award-wining Mi-BoxLive.

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The staff of AMS Welding and Fabrication in North Shields.
North Shields Start Up Five figures

Forging a future: AMS Welding and Fabrication Ltd thrives with a Start Up Loan

A North Shields welding businesses has secured a five-figure Start Up Loan to help upgrade production processes and take on larger contracts.

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Business & Enterprise Finance Ltd t/a Business Enterprise Fund is authorised and regulated by the Financial Conduct Authority, reference number 726237. BEF NE (2) Ltd is authorised and regulated by the Financial Conduct Authority, reference number 717726.

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