Micro loan finance can be the right fit for new kit
By Gaynor Morris
Whether you’re starting your business or
expanding an established company, having the right equipment can be
vitally important. It can reduce your costs, increase your
capacity, make your business more efficient or even more
There are many different reasons why you might
need to buy some new equipment and a micro loan from Finance Wales
could help you to fund the purchase.
Here are some examples of how we could
Sometimes you just need the basics to get you
started. Individually, the costs of buying office equipment
like computers, desks, phones and printers can seem manageable, but
costs can soon mount up if you have to buy them for two or three
staff and can suddenly take up a significant amount out of your
At other times you may need specialist
equipment to get your company going, whether it’s a batch freezer
to sell ice cream or high-tech camera lenses to take photos.
It’s always worth looking around for second hand specialist
equipment, but even that can be expensive and this needs to be
factored into your start-up costs early on.
Up-and-coming Cardiff production company,
recently upgraded their filming equipment with a £25,000 micro
loan. Our finance even helped them purchase an aerial drone
to enable them to offer new services.
Read their full story here.
The Storm+Shelter team with their new
Reducing outsourcing/developing new
For a more established business, investing in
new equipment can help to reduce your overheads. For
instance, outsourcing can often hit your profit margins and leave
your businesses vulnerable to rising supplier costs.
By developing your own capabilities in-house,
you’ll have greater control over your costs and you could even
develop new income streams as a supplier to other businesses.
Need some new kit?
Whatever equipment you need to purchase, a
micro loan from Finance Wales can provide a useful source of
finance to ensure your business has all the tools it needs to
If your business is looking for funding to
invest in new equipment visit our micro
loans page and start your application today.