Business finance
Business development loans
Our locally financed business development loans are aimed at businesses over two years old that need additional working capital to scale and grow.
Fair finance for growing businesses in Wales
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 then invest back into the local economy.
If you would like to register your interest in a development loan, please fill out our callback request form.
Request a callback
Call 01686 626234 or simply enter your name, phone number and email address below and we’ll call you back as soon as possible during office hours.
1
Get in touch
Complete the form above.
2
Submit a loan request
Your application will be reviewed for approval.
3
Application approved
The money will be paid into your bank account.
4
Make it a success!
Repay the loan over flexible payment terms.
Frequently asked questions
What is the interest rate of the loan?
The interest rate is fixed over the life of the loan. The typical APR is 17.12%. Please get in touch to discuss.
What fees will I be charged?
Fees typically range from 1.5% to 3% of the loan value. This can paid up front or can be added to the loan.
Who can have a business development loan?
Anyone with a business 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 premises.
How quickly do I have to repay the loan?
Loans of £1,000 to £25,000 are available, but the amount you can borrow will be determined by your business plan
How much can I borrow?
Loans of £1,000 to £25,000 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 repayment. Capital repayment holidays are available, but interest must be covered throughout.
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’ll provide 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.
Case studies
From small steps to a giant leap
Building a better start in life
