I’d recommend the Development Bank to any business considering expansion or further opportunities – it’s a great example of a Welsh organisation doing its best to help Welsh businesses.

Becky Swift, owner of MamGu Welshcakes

Apply online in just 10 minutes
Face-to-face support from local teams
Ongoing relationship management
Strong network of advisors for you

What we offer

We're government-backed and support businesses with real commercial promise, for the benefit of Wales and its people. 

Loans from £1k - £50k

Micro loans available with 1% arrangement fee.

Flexible terms

Pay back your loan over one to 10 years with no early repayment fees.

Fixed interest rates

Your interest rate's fixed for the term of the loan

Fast track loans

Apply for loans of up to £50k with a quicker decision, terms and conditions apply.

How we can help

We help people reach their ambition, not only through lending but through our team’s support and expertise – we’re local to your business and just a phone call away.

You know your business better than anyone, we’re here to support you and offer flexible finance to help your business grow:

  • Buy equipment
  • Rent premises
  • Hire staff
  • Marketing
  • Buy stock

Whether you need to meet demand or have ambitious growth plans, funding could help you to:

  • Rent or upgrade premises
  • Boost cash flow
  • Hire extra staff
  • Invest in sales and marketing
  • Buy additional stock
  • Develop products and services

We can help you make the necessary investments to strengthen or grow your business with a micro loan.

Whether you're just starting or continuing your business’s decarbonisation journey, our Green Business Loan Scheme offers an incentivised funding package to support your business.

Loans from £1,000 to £1.5m are available, as well as expert advice and funding for energy consultancy.

Find out more about the Green Business Loan Scheme.

Applying for a micro loan

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Step 1

Check your eligibility in just a few minutes

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Step 2

Apply online and we'll get 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

Once all documents are in place, we’ll work with you to agree the best time for your business to get the funds.

How do micro loans work?

A micro loan is another name for a small business loan. They can support your business to start up or grow and can be used to buy or rent premises, pay staff costs, buy equipment, stock or vehicles and for working capital.

The loan is then repaid over a period of time (between one and 10 years) in monthly instalments which are made up of both capital and interest. At the end of the arranged term the business loan will be fully repaid.

The interest rate will be fixed for the term of the loan so you know your monthly repayment amount will not change through the agreed term.

If you want to repay your loan early you can do so without any additional charges – just contact your portfolio manager for a redemption statement so you know how much you need to repay us in full so we can close your loan off. 

Typically an arrangement fee of 1% is applied to all micro loans. 


Our micro loans come with competitive interest rates ranging from 6.5% to 10.75%, the amount you’ll get depends on your business' individual circumstances.

Whatever rate you get, it’s fixed for the life of your loan with us.

As we work with the Welsh Government, we’re able to reduce the interest rate on our loans by up to 2% for businesses either based in a Welsh Enterprise Zone or those planning to relocate to one.

The interest rates for our fast track loans may differ to our regular micro loans depending on your circumstances. 

You can read more about all things interest rates on our dedicated interest rates page.

Fast track loans

Our fast-track loans are up to £50k and are available to businesses who have been trading for 2 years or more.

They have a streamlined application process with a decision made in two working days once all information has been received.

To apply you’ll need to provide a s
tatement of assets and liability initially. 

Interest rates are fixed and range from 7.5% to 10.75%, the amount you’ll get depends on your business' individual circumstances.


Micro loans

Our regular micros loans are up to £50k and are not dependent on a business’ trading history.

To apply you’ll need to provide:

  • 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

Interest rates are fixed and range from 6.5% to 10.75%, the amount you’ll get depends on your business' individual circumstances.


We work closely with Business Wales who offer free advice and can help you prepare for making a loan application. You can also read out guide on how to write a business plan.

That’s no problem, take a look at our business loans page to see the available options. We offer larger loans up to £10 million, depending on your business needs.