Cardiff costume supplier has micro loan approved in 2 days using Finance Wales’ new streamlined application process
When the opportunity to acquire the costumes used in a medieval
television drama came up, the owner of Cardiff-based Marigold
Costumes (Marigold) approached Finance Wales for a £5,000 micro
loan to help fund the purchase.
The new costumes are a welcome and valuable addition to the
company’s existing stock of over 95,000 costumes.
A major costume supplier, Marigold has built up an excellent
reputation with film, television and theatre companies. The
company also supplies the education sector and has a thriving fancy
Explaining the importance of the purchase, Dawn Thomas-Mondo, a
Bafta-nominated costume designer and Marigold’s owner said: “We
used a previous loan from Finance Wales to start up Marigold
Costumes in 2005 and this loan has helped us take advantage of an
opportunity to buy some new costumes which will provide us with a
valuable future income stream.
“Finance Wales understood that buying these costumes was an
excellent business opportunity for us and that we needed to act
quickly to bid for them. 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
Rhiannon Brewer, Senior Investment Executive in Finance Wales’
micro loans team added: “Marigold Costumes is now a
well-established and highly regarded business run by an
experienced, award-winning costume designer. Buying these
costumes was an excellent opportunity for Dawn and her team and
they’ve already attracted a lot of interest with customers.
“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.”
Eigible 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 firstname.lastname@example.org or
visit our Micro Loans page