If you are a small business based in Wales and are looking for finance there are some good options available. If you have made contact with Business Wales already they can give you a good point in the right direction especially if you are starting a business.
They can also help with other resources for businesses based in Wales. These services are under the BOSS program available to businesses in Wales. BOSS helps with early stage Start ups and business planning, IT, Marketing, Skills and Training, Business Ideas and Innovation and more. Check out their website at https://businesswales.gov.wales/boss
There are also grants still available through government initiatives. These can be accessed again through Business Wales, Jobs growth Wales (which helps businesses to finance the taking on of staff aged between 16 and 24), Tourism investment scheme (TISS), specific funding available to the tourism sector of which many businesses have already benefitted, The ‘Ultra-fast Connectivity Voucher Scheme’ offering grants of up to £10,000 to obtain ultrafast broadband for your business. And then of course there is EU funding for Wales which is still available, this of course could be phased out with the Brexit plans so an early enquiry would be beneficial. There is a white paper on the transition of EU funding to the new relationship with Europe here.
If however your business is established and takes card payments from your customers you may qualify for a merchant cash advance. We have helped many businesses in Wales find the funding they need via a cash advance. Many of those businesses are in the hospitality, retail and tourism sector as all tend to use credit and debit card sales with their customers.
A Merchant cash advance in Wales is the perfect option for those businesses looking for unsecured finance. More information about our cash advance service can be found here and many of the businesses types who can qualify can be found here. To qualify for a Business Loans Wales Merchant cash advance you need to be generating more than £2500 in card sales per month. There are no fees or hidden charges and the loans are typically funded in just a few days. These loans are unsecured which means you don’t have to put any security against it such as your home or business asset. See if your business qualifies here.