Start up loans

A business start up loan can help you get off the ground or support your early years.

The Development Bank of Wales have been so helpful and enthusiastic; finding solutions rather than barriers to funding and taking the time to help me through the application process.

Kathryn Donovan, Môr a Sawna

The Development Bank of Wales have been so helpful and enthusiastic; finding solutions rather than barriers to funding and taking the time to help me through the application process.

Kathryn Donovan, Môr a Sawna

Quick

Apply online in just 10 minutes

Personal

Face to face support from local investors

Support

Ongoing relationship management

Value

Strong network of advisors for you

How start up loans 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, our start up loans can help you cover the setup costs.

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.

Start up loans up to £100,000

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 three 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 £100,000?

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 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.

Useful links

What support is available to young entrepreneurs?

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

Do I need a business plan to apply for a start up loan?

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.

What is social enterprise funding?

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.