Social Enterprise Expands to Bring Business Lending to the North East
The Business Enterprise Fund, the business lender with offices in Bradford, York and Leeds are now firming up their presence in the North East with a regional office at the newly opened Darlington Business Central premises. BEF are currently celebrating 10 years of lending and a number of North East businesses have already benefited from their financial support.
BEF is a social enterprise and a Community Development Finance Institution, with all profits reinvested in the company to further their social aims. It supports start-up businesses or helps those that are already established to take their next step of investment to grow their business by loaning money when they are unable to access funds from mainstream lenders. This can be for all business needs including cash flow, expansion and assets.
The businesses are diverse and range from an ice cream manufacturer to an events management company and yet they share firm foundations for good business that have been given the chance to succeed and build on in the future.
Steve Waud, Fund Director adds: ‘The Business Enterprise Fund believes it’s important to fill the funding gap for those unable to draw on the main source of finance for one reason or another … if no one is prepared to take a risk then we lose the potential and the diversity that creative and talented individuals bring to a region like the North East. We are delighted that the businesses in the region have recognised the opportunities that BEF can bring and grasped the mettle to provide employment and business growth.’
BEF are on the Start Up Loans Company bus tour with business advice and expertise. Join them in Newcastle on the 29th June and Middlesbrough on 30th June.
North East businesses that have benefited from BEF include:
- On Net Training.com
- Oyston Property Holdings Ltd
- J H & S Archer, ice cream manufacturer
- Fine Dining & Catering Limited
North East businesses that have been turned down by mainstream lenders, are encouraged to contact David Winspear, BEF Investment Manager to discuss business growth and funding opportunities on 07807 592948 or email info@befund.org
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Notes to Editors:
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 a new office in Darlington
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.
For all press, marketing and additional enquiries, contact Fergus Mckie at BEF on 01274 207220 Fergus.Mckie@befund.org