What we offer
We provide loans from £3,000 to £100,000, with interest rates typically between 10 and 15%. Loans can be repaid over any term up to 5 years.
BFS Business Loans make it easier for entrepreneurs to access the finance and support they need to start up and grow their business, create and protect jobs and to help the economy thrive.
Who is it for?
BFS Business Loans are aimed at businesses across Greater Manchester and Cheshire who are unable to raise the finance they need to either start up a new business or finance an existing business.
To apply you will need to be able to demonstrate a viable business plan, which shows that the business can both meet the loan repayment and create or protect jobs as a result of the finance.
You will also need to be able to show that you've tried unsuccessfully to obtain some or all of the finance you need from the traditional lenders.
We will provide a quick decision to the business based on the information provided. BFS does not credit score and decisions are made on a judgemental basis and are typically made between 2 to 4 weeks depending on the complexity of the loan application.