There’s a range of flexible finance available for start-up businesses based in Wales. Nicola Edwards, Micro Loans Fund Manager explains what’s on offer with the Development Bank of Wales.
Are you looking for the finance to set-up or grow a business? From renting or buying premises to hiring staff and marketing, you can talk to the Development Bank of Wales about the funding you need.
Flexible, quick and simple
Here at the Development Bank of Wales, we help businesses to start up and grow by providing loans that are quick and simple to access. Because of the unique way we're funded we can offer a range of flexible finance that can work with the needs of your business. This means that rather than fit the business to the finance, we're able to structure financial packages that suit your individual business. Put simply, it’s all about what works for you and your business.
If you’re looking for a start-up loan of up to £50,000 then we’ll need to see a few things:
- a business plan summary
- cash-flow forecasts
- six months bank statements
A personal cash contribution will also be needed but the good news is that we offer fixed interest rates for the life of your loan with us. There are also plenty of options for those looking for finance over £50,000.
Open minded, commercial and local!
Quick, local decision making is critical to our success. We have account managers and regional offices based across Wales who will be happy to come to you. Many of our customers also value the collaborative approach that we have when working with other government bodies, lenders and organisations like Business Wales and the Federation of Small Businesses.
We’d love to have a chat with you about the funding that we have available. There is finance ranging from £1,000 to £5 million for businesses of all shapes and sizes so please do take a look at our web site for more information, or give us a call on 0800 587 4140.