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15/09/2015

Micro loans to help you move or update your premises

By Svetlana Goode

Most small businesses know how important their premises are to their success and as your business grows they’re likely to need investment. 

For many small businesses, being in the right location can increase customer numbers and boost revenues.  Equally, making sure your premises offer your customers a memorable experience of your brand can also help you beat the competition.

If you run a manufacturing or distribution business, being near good transport links or your key suppliers could not only save costs and improve your service, but also improve supplier relationships and open up new opportunities.

Alternatively, a second shop or unit may be the next step in your expansion plan. 

Whatever you have in mind, a flexible micro loan from Finance Wales could provide you with the capital you need.

Our micro loans can help you with:

  • Moving costs
  • Fit-out costs
  • Renovating/updating your premises.
  • Lease/service agreements
  • Network installation
  • Marketing your new address

Brodwaith

Established North Wales garment manufacturer, Brodwaith recently moved from Gaerwen to Llangefni in the Anglesey Enterprise Zone, providing additional manufacturing, sales and retail capacity and a new base for the business.

Brodwaith used a £50,000 micro loan from Finance Wales to purchase new production equipment, fit out part of the new premises and fund other moving costs. Brodwaith will retain its facility in Pentrefoelas which houses its embroidery and printing operations.

As an SME moving to one of Wales’ Enterprise Zones, Brodwaith qualified for a 2% interest rate reduction from Finance Wales in addition to a range of other benefits.

Read Brodwaith’s full story here.

If you’re looking for funding to invest in your premises, visit our micro loans page and start your application today.