SMALL BUSINESS DEVELOPMENT LOAN
- Borrow up to £50,000
- No hidden fees or penalties
- Fixed 12.5% Typical APR
- Flexible Repayment Terms
- No Restrictions on Usage
Why Choose Us
We’re a not-for-profit organisation who reinvest our money into community projects that make a difference. As an independent organisation, our interests lie in helping communities, rather than making money for our shareholders like a traditional high street bank.
We’ll guide you through the application process for your business development loan. Once it’s been awarded we’ll be on hand to provide you with free, expert business advice if you need it.
REQUEST A CALL BACK
Fair Finance for Growing Businesses in Wales
Our locally financed business development loans are aimed at businesses over two years old that need additional working capital to scale and grow. We recognise that accessing bank finance can be hard or prohibitively expensive for small to medium sized enterprises. The finance for our business loans is raised from successful local businesses, local authorities and community councils, which we invest back into the local economy.
We are currently unable to provide business development loans; however, we plan on making them available again soon. If you would like to register your interest, please fill out our request a callback form below and we will keep you updated.
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1. Get in Touch
Fill out the form at the top of this page.
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2. Submit a Loan Request
Your application will be reviewed for approval.
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3. Application Approved
The money will be paid into your bank account.
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4. Make it a Success!
Repay the loan over flexible payment terms.
Our Success Stories
Frequently Asked Questions
When will the business development loans become available again?
While we’re unable to tell you exactly when we will be able to offer the loans again, we’re in the process of putting the funds in place so they can be offered in the near future. If you would like to request a call back, we can let you know as soon as they become available again.
How much does a Development Loan cost?
The interest rate is fixed over the life of the loan, the typical APR is 14%. There are no hidden costs and no security is required.
Who can have a loan?
Anyone with a business over two years old who is a British citizen or UK resident.
What can the loan pay for?
The loan can pay for anything you need to keep your business running. This could include investing in new machinery, taking on additional staff or renovating a premesis.
How much can I borrow?
Loans of £1000 to £50,000 are available, but the amount you can borrow will be determined by your business plan
How quickly do I have to repay the loan?
The loan must be paid back within five years and there are no fees for early repwayment. Capital repayment holidays are available, but interest must be covered throughout.
Is there anything you won't fund?
We will not provide a loan for businesses that involve gambling, pornography or the arms industry. We will not loan to anyone whose business involves illegal activities.
What help will I get?
We will help you during the application process to make sure your business plan is robust and your forecasts are realistic and achievable.
We can help you with:
- a dedicated mentor to help on specific issues of your business
- a qualified and experienced Accountant
- a dedicated support helpline
- honest and confidential feedback whenever you need.
Is there anything you won't fund?
We will not provide a loan for businesses that involve gambling, pornography or the arms industry. We will not loan to anyone whose business involves illegal activities.
Business Development Loans
Borrow up to £50,000
No hidden fees or penalties
Fixed 12.5% Typical APR
Flexible Repayment Terms
No Restrictions on Usage
