Richmondshire District Council

As part of their commitment to support business growth across the region, the Business Enterprise Fund has taken the step to increase their lending limit on flexible unsecured loans to £250,000*.

The application process is quick and easy, and businesses could borrow between £1,000 and £250,000 for a range of purposes that include cash flow, asset purchase, business growth and development.

*Eligibility for unsecured loans up to £250,000 is subject to full due diligence and would need to meet a lending criteria. Typical features of a qualifying business applying for this higher amount would include most of the following:

✓ An established and profitable business with an increasing net worth
✓ Operating on a B2B basis
✓ Management accounts produced at least on a quarterly basis
✓ Experienced owners/directors with good credit and personal asset positions
✓ Operating a clean bank account with low business debt
✓ Can demonstrate job creation as a result of the lending

For more information or to discuss a case with a dedicated investment manager, call 0800 080 3145 or email info@befund.org.

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