Birmingham Business Loans From £1K To £500K

Competitive Funding Products For Businesses In Birmingham & West Midlands

Access £1,000 – £500,000 in just 24 hours

Everything You Need To Know:

Running A Business In Birmingham

Birmingham-based Businesses

Support For Birmingham Businesses

Resource Centre

Birmingham Business Loans

Applying For Business Finance

RUNNING A BUSINESS IN BIRMINGHAM

Birmingham-based Businesses

Birmingham is regarded as the UK’s second city to London, boasting a booming economy

 that supports businesses of all sectors. With great transport links across the city and one

of the largest venues for business conferences in the UK (the National Exhibition

Centre, Birmingham is home to 41,955 businesses.

According to Birmingham’s City Council, the total number of businesses in Birmingham fell

by 2,440, accounted for by a fall in the number of microbusinesses in in the city. The council

also reported minor growth for small and medium sized enterprises from 2017 – 2018.

Research from Start Up Loans named Birmingham 2017’s ‘most entrepreneurial’ city outside of London.

The majority of businesses are microbusinesses, making up 83% of total businesses.

  • Small businesses – 14%
  • Medium businesses – 3%
  • Large businesses – 1%

Birmingham’s employment rate for 2018 stood at 65%, and the average gross salary earnings for

Birmingham residents was £28,000 – 2.8% above the national average. Despite this, Birmingham-based

businesses have reported that it can be difficult recruiting talent, and although the city has world-renowned

universities, it suffers low levels of economic activity and high levels of unemployment.

This is largely down to the overall skills profile within Birmingham. On average, residents are less likely to

have high-level qualifications than residents of other major cities in the UK.

The West Midlands Industrial Strategy has set out clear priorities to boost the economic productivity and

earning power of residents in the West Midlands. In Birmingham, the focus is on:

  • Ensuring inclusive access to employment & training;
  • Creating a world-class technical education system;
  • Increasing STEM skills
  • Equipping the population for high-quality jobs

Birmingham’s Business Environment

The gross value added growth for Birmingham is largely influenced by the service sector, its three most

concentrated industries are:

  • Education
  • Human Health & Social Work
  • Finance & Insurance

With a number of affordable office spaces, Birmingham has a strong startup community and a creative,

welcoming business community. Fin-techs can benefit from Birmingham’s financial districts Brindleyplace

and Colmore Row.

SUPPORT FOR BIRMINGHAM BUSINESSES

Resource Centre

Birmingham has a business death date that is below-average for the UK. To support

startups and growing businesses in the city, in 2018 the University of Birmingham was

awarded £5 million by Research England to fund a system of business incubators and growth accelerators.

Great Birmingham & Solihull Local Enterprise Partnership (GBSLEP Hub)

Publicly funded, the GBSLEP Hu’s aim is to ’enable businesses to get the right advice at the right time so they

can grow and be successful’. Businesses can access resources tailored to their sector, receive expert advice

and speak to their advisors using their hotline 0800 032 3488.

Business Birmingham – West Midlands Growth Company

’Business Birmingham understands that establishing a presence in a new city or expanding your existing

operations requires expertise and support across a whole range of business needs’

With a range of business support brochures, Business Birmingham have a range of expertise and advice

readily available for growing SMEs.

The Birmingham Post Business Awards 2019

Now open for entry, the team at Birmingham Post Business Awards have expanded their brand categories to

inspire and engage with more companies across Birmingham.

Championing businesses that are putting Birmingham on the map and making a positive contribution to

the local community, businesses can apply to be nominated for 14 categories:

  • Small Business of the Year
  • New Business of the Year
  • Manufacturing Business of the Year
  • Hospitality Business of the Year
  • Professional Services Firm of the Year
  • Property & Construction Business of the Year
  • Retail Business of the Year
  • Public Sector Organisation of the Year
  • Third Sector Organisation of the Year
  • CSR Project of the Year
  • International Trade and Export Award
  • Young Businessperson of the Year
  • Company of the Year

This year, the awards will be held at The International Convention Centre.

BIRMINGHAM BUSINESS LOANS

Applying For Business Finance

Here at SME Loans we can provide finance to Birmingham-based businesses through our:

· Birmingham Business Loans

· Merchant Cash Advance

Is Your Business Eligible?

For businesses in Birmingham, our requirements for application are:

  • For businesses interested in a business loan: a minimum monthly turnover of £5,000
  • For businesses interested in a merchant cash advance: minimum monthly average card sales of £5,000
  • Actively trading for 6 months
  • Business owner / director is over the age of 18

The Application Process

Step 1: Complete our 1-2-page online application form. As well as being asked for your personal

information, we will also ask some basic details to verify your business. Please expect to disclose:

  • The amount you want to borrow
  • Average monthly card sales
  • Name of your business
  • Number of years trading

Step 2: Within hours of submitting your application form you will be matched by us to the most suitable

lender for your business, and you will receive the lender’s full terms of agreement regarding your business

loan.

Step 3: Once you have carefully read through the lender’s terms, you will need to sign and agree to them.

After the agreement has been returned to your lender, the loan amount will be deposited to your account

within just 48 hours.

There’s no need to be intimidated by SME Loans application process, we’re on hand to guide you through it.

If you want to find out more about whether your business is eligible to apply for finance, please get in touch

at 01244 506279.

Our Birmingham business loans are one of the quickest, easiest ways of accessing funding that will help your

growing business flourish. Apply today.

Excluded business types:

  • Gambling
  • Drugs
  • Weapons
  • Chemical manufacture
  • Pornography
  • Banking and money transfer services

Latest News

Online Business Banking – What are the best online business accounts?

Bullying In The Workplace – Statistics For The UK

Just how rife is bullying in the workplace? Our UK statistics are revealed as we discuss its impact on businesses and give guidance for employees and employers.

Meet The Founders Of Cucumber Clothing #WomenInSMEs

We find out more about luxe nightwear and leisurewear brand Cucumber Clothing from co-founder Nancy Zeffman. 100% British made, produced from wicken fabrics.

How to start a business | SME Loans

Our step-by-step guide is designed to help entrepreneurs set up their own startup business. It includes a downloadable PDF to guide you through the process.