Important update: changes to online applications - If you haven’t started or completed your application yet, please review the updated information to avoid any disruptions. Find out more

 

The support from the Development Bank over the last three years has been fantastic. We’ve now got the people, the processes and the funding that we need to increase production and accelerate our growth.

Laura Mallows, Mallows Beauty

Why do businesses need finance?

A business loan can help with cash flow and if you need cash to:

  • Take advantage of a new opportunity
  • Deal with the ebb and flow of a seasonal business
  • Fulfil a large contract

We can keep your company’s working capital ticking over, while you focus on delivering for your business.

You can read more about cash flow and how to improve it here.

Whether you're expanding into markets or diversifying, when you're growing a business finance can help with:

  • New products and services
  • Exporting to new markets
  • Recruiting new staff  

We can support you with loans and equity investments from £1,000 up to £10 million.

Looking for a loan or equity investment to help your growing business meet demand? 

We can help you cover a number of large or small expenses, including:

  • Buying stock 
  • New equipment 
  • Specialist machinery 

Whatever essential purchases you need to make, we have a range of suitable finance options. 

Thinking of renting or buying your first commercial property? Need finance for capital expenditure?

A cash injection could help you:

  • Pay your first few months’ rent on a new shop
  • Extend your existing office or factory space
  • Buy a new property
  • Open up new sites across Wales, the UK, or overseas

 

Whether you’re bringing a new product to market, expanding your reach, growing your client base, or you’re keen to rebrand, we can support you with finance to:

  • Build a new website
  • Hire a PR firm
  • Pay for online and offline marketing campaigns 
  • Staff marketing training 

Marketing can be expensive but when you're growing a business the payoff can be tremendous, so it’s an investment that can pay dividends

Fast track business loans

If you've been trading in Wales for over two years you can apply for our fast track business loans with reduced information required:

  • Business loans up to £50,000 
  • Up to 10 Year term
  • Get a decision within two working days
  • 1% Arrangement Fee
  • No early repayment fee

Interest rates start at 7.5% and are based on the individual circumstances of each business and are fixed for the term of the loan.

Our expert investment executives will contact you to discuss your application once it has been received,

 

Looking for an injection of finance up to £100,000? 

We offer:

  • Business loans up to £100,000
  • Up to 10 Year term
  • 1% Arrangement Fee
  • No early repayment fee

Interest rates start at 6.5% and are based on the individual circumstances of each business and are fixed for the term of the loan.

 

We’ll need to see:

  • Business plan summary
  • Historic accounts (up to two years if available)
  • Cash flow forecast (one year)
  • Up-to-date management information
  • Previous three months bank statements (personal if start-up)
  • Statement of assets and liability

What if I don't have all of these right now?

Not to worry. You can either start your application and save your progress for later or submit and send us the supporting documents when you are ready. 

Interest is fixed for the loan terms and based on each businesses individual circumstances.

 

Are you a social enterprise looking for funding?

Need more capital to strengthen or grow a business? 

We offer:

  • Between £100,000 and £10 million
  • Up to £5 million in follow-on rounds

We’ll need to see:

  • Business plan summary
  • Historic accounts (up to two years if available)
  • Monthly Integrated Forecast (two years inc. profit and loss, cash flow and balance Sheet)
  • Up-to-date management information
  • Previous three months bank statements (personal if start-up)
  • Statement of assets and liability

What if I don't have all of these right now?

Not to worry. You can either start your application and save your progress for later or submit and send us the supporting documents when you're ready. 

Interest is fixed for the loan terms and based on each businesses individual circumstances. Find out more about our large business loans.

 

Equity to help accelerate your business growth and boost its value

There are many advantages to choosing equity as a finance option:

  • Faster growth potential
  • Investor experience and knowledge transfer 
  • Boosts long-term value creation
  • Cash injection without the debt

As one of Wales' biggest equity investors we can offer:

  • Equity between £50,000 and £10 million
  • Bespoke mixes of loans and equity

Want to know more about equity?

Visit our equity for growth page.

What's next?

If you're growing a business, apply online today for a loan to accelerate your plans 

Apply now