Business Funding & Business Finance Bradford

Interest Free Credit: Looking for business finance? If you’re anything like most SME owners, you’ve probably lost sleep over at least one of these scenarios: Cashflow problems, not having enough cash in your business to function smoothly. Not knowing how to grow your business or how to fund the expansion. Needing funds to invest on updating your equipment and technology. Pulling your hair out due to late payments or bad debt from customers. Your slow season is getting longer and busy season shorter leaving a massive cash gap. These are valid worries. Cash can disappear and be agonizingly slow to come in, and sometimes a loan feels like the best option to help you through those times….. is it though? BBX doesn’t replace your cash business but gives you additional revenue by selling your spare capacity within the BBX community.

Established law firm Wright Hassall have put together an extremely comprehensive guide to funding for start-ups. It covers: personal funding, loans, start-up incubators, crowdfunding, angel investors, seed funding, asset financing, debt funding, community and scocial schemes, grants, and local enterprise networks. Well worth a read if you need to raise additional funds for your business.

Business Enterprise Fund (BEF) delivers government-backed Start Up Loans to new and early-stage businesses in Yorkshire, the Humber, and the North East. Over the last 11 years, BEF has helped over 2,170 UK businesses access funding through the Start Up Loans programme.WHAT IS A START UP LOAN? A Start Up Loan is a personal loan tailored to individuals eager to launch or expand a UK-based business. This unsecured loan eliminates the need for collateral or guarantors, making it an accessible and flexible financing option. It is a great alternative for people looking for a business loan to fund a start-up. A Start Up Loan can be spent on a wide range of things related to your business, like equipment and stock, premises, marketing, and promotional expenses to name just a few. Key features: Loan amount: Up to 25,000 per individual, with a maximum of 100,000 per business Interest rate: Fixed 6% per annum Repayment term: Flexible one to five years Fees: No arrangement or early repayment fees Mentorship: 12 months of complimentary post-loan mentoring Partner eligibility: Up to four partners can apply per business Restrictions: Debt repayment: Cannot be used to refinance existing debt Training expenses: Excludes funding for training, qualifications, or education programmes Investment opportunities: Not applicable for speculative investments beyond sustainable business operations Please note that other exclusions may apply. The Start Up Loans Company reserves the right to update this list at its discretion. REPRESENATIVE EXAMPLE: 11,000 loan repayable over five years 60 monthly payments of 212.66 Fixed interest rate of interest 6% per annum Total amount of credit: 11,000 Total interest payable: 1,759.60 Total cost of credit: 1,759.60 Total amount payable is 12,759.60This is an illustrative example of a loan of 11,000. Loans of up to 25,000 are available from the Start Up Loans scheme.Eligibility requirements Age: 18 years or older Residency: Current UK resident Business status: Starting a new business or trading for up to 36 months (three years) Alternative financing: Unable to secure finance from other sources Business location: Based in the UK Work authorisation: Right to work in the UK Business compliance: Adheres to scheme guidelines Creditworthiness: Passes credit checks and demonstrates affordability APPLY FOR A START UP LOAN Dont let financial limitations hinder your journey to success. BEF is here to support you every step of the way, providing the funding and guidance you need to transform your dreams into reality. Apply today.

Business Enterprise Fund is a not for profit social enterprise, set up to provide loans to SME businesses that will help them thrive and grow when other lenders can’t fully assist. As a social enterprise, our profits are re-invested in the company to further our social aims. Founded in Bradford, BEF began lending to small businesses in the local area with an initiative to encourage growth in the economy and provide a positive impact on job creation and communities. Over the last 15 years, we have lent to a wide range of businesses, from sole traders and start-ups, through to established multi-site companies. BEF have a growing presence and has spread across the North East and North West of England, as well as North and West Yorkshire, Humberside and North Lincolnshire. We also have Grade A office space, City Hub, in the heart of Bradford for local SME businesses.

Business Enterprise Fund is a not for profit social enterprise, set up to provide loans to SME businesses that will help them thrive and grow when other lenders can’t fully assist. As a social enterprise, our profits are re-invested in the company to further our social aims. Founded in Bradford, BEF began lending to small businesses in the local area with an initiative to encourage growth in the economy and provide a positive impact on job creation and communities. Over the last 15 years, we have lent to a wide range of businesses, from sole traders and start-ups, through to established multi-site companies. BEF have a growing presence and has spread across the North East and North West of England, as well as North and West Yorkshire, Humberside and North Lincolnshire. We also have Grade A office space, City Hub, in the heart of Bradford for local SME businesses.

Avanti Corporate Solutions Limited specialise in Factoring and Invoice Discounting (as well as traditional commercial finance facilities). Avanti operate nationwide providing fast, free, independent services to UK businesses. We help owner-managed businesses in a variety of situations including: new starts, periods of expansion, businesses suffering financial stress (eg CCJs and voluntary arrangements) and re-structures.