Start-up Loans Wales
Start-up Loan Wales
Loans are available to entrepreneurs, whose business is under 12
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
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.