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How a start up loan can help

There’s lots to consider when you're starting a business:

  • Renting or buying new premises
  • Buying equipment 
  • Hiring staff
  • Marketing
  • Buying stock 

Whatever sector you’re going into, we can help you cover the setup costs with a start up loan. 

Getting through your early years might mean you need some extra finance for things like:

  • Renting or buying new premises
  • Cash flow
  • Training staff 
  • Marketing
  • Additional stock
  • Developing products and services

Whether it’s to strengthen or help you grow we offer start up loans and equity.

Looking for a start up loan of up to £50,000? 

We’ll need to see:

  • Business plan summary
  • Historic accounts (up to two years if available)
  • Two years cashflow forecast for loans over £25,000 (One year for loans up to £25,000)
  • Up-to-date management information
  • Previous six months bank statements (personal if start-up)
  • Statement of assets and liability

If you're looking for finance to launch your business then a personal cash contribution is usually required.

 

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. 

 

 

Looking for an injection of finance over £50,000? 

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 six 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. 

Useful links

We work with 18-30 year olds with a business in Wales to help them grow. From delis and bakeries to space-tech labs, we can help your business with a repayable loan. Find out more about finance for young entrepreneurs

For a start up loan we'll only need to see a business plan summary. You can apply online at anytime and send the necessary documents at a later date. If you need some pointers, take a look at our guide on how to write a business plan.

Loans from £1,000 to £50,000 for up to 10-year terms are available through ring-fenced funding within the Wales Micro Loan Fund. Find out more about our social enterprise loans.

Applying for a start up loan

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Step 1

Complete our eligibility tool in just a few minutes.

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Step 2

Apply online and we'll be in touch to discuss next steps.

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Step 3

Once we have everything we need, your application is reviewed and a decision made.

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Step 4

If all documents are in place, funds can be transferred within one working day.

What's next?

Apply online for a start up loan in less than 10 minutes 

Apply now