Start-up Loans Wales

Start-up Loan Wales

Loans are available to entrepreneurs, whose business is under 12 months old.

The start-up loans scheme offers low cost, unsecured loans of between £1,000 and £25,000 (the average loan is £4,500) at a fixed interest rate, currently 6%. 

Loans are to be paid back within 5 years (the exact loan period to be agreed). Capital repayment holidays are available, but interest must be covered monthly throughout.

Advisers at the Welsh Government's business start-up service will help you develop your idea, and help you pitch for a loan to a business panel.

If your application is successful, your adviser will provide on-going mentoring and other business products to give you the best chance of success.

For more information, call 03000 6 03000 and ask about the start-up loan scheme.