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Loans up to £10,000

We offer a streamlined two-day application process for £1,000 - £10,000 micro loans for businesses that have traded for over two years

Eligible Welsh small and medium-sized businesses that have traded for over two years can now take advantage of a two-day application process for loans of between £1,000 and £10,000 from the Welsh Government’s Wales Micro-business Loan Fund.

 

We filled in a simple form and they approved our application within 2 days. We were then able to purchase the costumes and we’ve already started hiring them out!

Marigold Costumes£5k loan for stock

 


 

Why Finance Wales?

Finance Wales has been backing small businesses in Wales with finance for over 15 years. We can offer:

  • Dedicated portfolio managers, whatever the size of your loan.
  • An open-minded approach - Finance Wales is here to meet the gap where the private sector is unable to invest.
  • A streamlined two-day application process with no business plan required for businesses who meet the criteria.

 


 

Investment criteria

To be considered for a loan with a two-day turnaround your business will need to be:

  • Based in Wales or willing to relocate.
  • Trading for at least two years.

If your business is based in Wales but has been trading for under two years you can still apply for a micro loan using our general £1,000 - £50,000 application form.

If you are a social enterprise you can apply for funding through WCVA.


 

£1,000 - £10,000 application form checklist

 

It shouldn’t take more than 30 minutes to fill in our application form and you’ll need to provide:

  • Business details (name, address, company number).
  • Details of the funding required and other sources of funding.
  • Last year's turnover, profit and balance sheet position.
  • Personal details of all directors, shareholders >25% and authorised signatories. Personal details include current and previous address and Date of Birth and general disclosures on business history and personal credit history.
  • The person submitting the form will need authority from all directors and shareholders to include this information and they must be informed that this information will be passed by Finance Wales to a credit reference agency to carry out personal and business credit checks.

 


 

Our process

Our application process follows five simple steps:

  1. Complete our application form with all of the information required and email it back to Finance Wales.
  2. An Investment Executive will get back to you within two working days with a decision on your application.*
  3. If your application has been approved in principle, we will require certified identification and address verification plus a business bank statement no more than three months old.
  4. Subject to this information being satisfactory we will issue loan documentation.
  5. Upon receipt of the completed loan agreement and any associated conditions we will provide you with the funds.

Once you have received your loans you will have a dedicated portfolio manager as your point of contact with Finance Wales going forward.

* In some cases additional information may be asked for before making a decision.

 



Start your application today

Please apply on our new online application or if you prefer by editable pdf.

Online application

Prefer email?

PDF

The form can take up to 30 minutes to complete.

The form must completed in one session.

If your form is not completed, times out or other errors occur during completion or submission, the data will not be recoverable.

Please note you will need Adobe to access this form.

For Google Chrome and Firefox users please download PDF to desktop and open in Adobe before completing application.

Please send your completed application form via email as an attachment to info@financewales.co.uk



Finance Wales Investments (10) Limited is authorised and regulated by the Financial Conduct Authority for credit-related regulated activities