Small Business Loans, at a glance

Our Small Business Loans are designed for established UK businesses looking to move forward with confidence. Typical uses include working capital, planned growth and refinancing expensive short term debt.

With a Small Business Loan, you could:

• - Borrow up to £250,000
• - Use funds to support growth, manage cashflow or replace higher cost finance
• - Repay over a fixed term of up to 5 years
• - Access a clear, transparent rate of 14 percent over the Bank of England base rate
• - Pay a one off arrangement fee of 4.5 percent
• - Expect to provide director personal guarantees in most cases

What this looks like in practice

For a Small Business Loan of £75,000 over 5 years:

• - 60 monthly payments of: £1,863.94
• - Arrangement fee: £3,375.00
• - Total amount repayable: £115,211.40

This finance is best suited to businesses that are trading, generating income and able to comfortably support these repayments.

If this does not reflect your current position, it may not be the right option today.

Not sure this is the right route?

If your business has been trading for less than 5 years, or you are earlier in your journey, a Start Up Loan may be a better place to begin.

Start Up Loans offer:

• - £500 to £25,000 per person, up to four people
• - A fixed interest rate of 7.5 percent
• - No arrangement fee
• - Mentoring and business support alongside the loan

Starting in the right place will give you clearer answers and save time. Visit our Start Up Loan produce page for more information.

When you press Continue, you’ll be redirected to the BEF Group enquiry form to submit your enquiry.