Greeting card business speeds up expansion using micro loan approved in 2 days using Finance Wales’ new streamlined application process
When Caryl Halstead started creating greeting cards and wedding
stationery for family and friends 9 years ago she dreamt of turning
her hobby into a business.
In 2013 her dream became a reality with the launch of Miss Bela
Designs and today her greeting cards and other gifts are available
in over 45 shops throughout Wales as well as on
notonthehighstreet.com, the online marketplace for small
Business has been brisk since 2013 and Caryl is now using an
unsecured £5,000 micro loan from Finance Wales to expand her
business and re-launch as Caryl Halstead at the recent 'Top Drawer'
trade show, the UK’s leading international design-led trade show
held annually at London Olympia. 'Top Drawer' attracts national and
international buyers from department stores, multiple and
Caryl is also using Finance Wales’ loan to launch a new website,
promote her business at other key trade shows and buy new printing
equipment to expand her range on notonthehighstreet.com.
The expansion will also see the business take on its first
member of staff in 2016.
“Turning my passion for design into a business has been my
personal goal for many years, so I’m pleased my products are
proving so popular. My business has grown beyond my expectations
over the last two years and Finance Wales’ loan has given me the
financial boost I need to build on this success.
“Svetlana at Finance Wales understood how I wanted to expand my
business and how much money I needed. As I’d been trading for over
2 years, I only needed to complete a short application form. My
application was approved in 2 days and I received my loan within 7
days of applying.”
Svetlana Goode, North Wales local investment executive from
Finance Wales’ micro loans team added: “Caryl’s designs have
attracted considerable attention and she’s quickly built up an
impressive customer base since 2013. Micro loans can have a big
impact on small businesses like Caryl’s as they can fund a wide
range of practical business expenses, such as marketing costs, the
costs of taking on new staff or buying stock or equipment.
“Eligible businesses needing a cash injection of £1,000 to
£5,000 can now benefit from Finance Wales’ streamlined two-day
process, helping them to get their plans underway quickly or take
advantage of new business opportunities.”
Eligible Welsh SMEs can apply for microloans of between £1,000
and £50,000 from Finance Wales, while businesses that have traded
for over 2 years can apply for a loan of between £1,000 and £5,000
using Finance Wales’ streamlined two-day application process.
The streamlined application process applies to loans from the
Welsh Government-backed Wales Micro-business Loan Fund and is
available until further notice.
SMEs wishing to apply for micro loans and other investments
should contact Finance Wales on 0800 587 4140, e-mail email@example.com or
visit our micro loans page.