Coronavirus Business Interruption Loan Scheme
These loans are interest free for the first 12 months and you don’t have to pay the fees.
See if you qualify for a CBILs loan.
North Wales Business Loans
Business loans fall into two categories, unsecured and secured.
Unsecured business loans are available to all business sectors and can be used for a variety of needs including funding for a one off business expense, to purchase an asset or buy stock, to support your business expansion, raise working capital or provide funding for tax, VAT or professionals. Unsecured business loans range from £5,000 to £500,000 and are for a maximum term of 60 months.
A personal guarantee is generally required, although there are options for loans without a personal guarantee and for non-homeowners.
Secured business loans range from £25,000 to £5,000,000 and are available for start-ups through to mature businesses. They can be used to purchase equipment, property and stock, for working capital or for refinancing and restructuring of finances.
The loans are usually secured against property but providers will also consider alternative assets owned by the business such as plant, machinery or equipment. A secured business loan is flexible and can offer interest only periods, seasonal payments or fixed rates, allowing you to budget with certainty for the term of the loan.
So if your business needs a cash flow boost, if you have a tax bill that needs covering or are looking to grow your business, a business loan could provide the financial support you’ve been searching for.
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