Following the announcement of the £100m Covid-19 Wales Business Loan Scheme, the loan has now opened for applications, with key features and eligibility criteria also being made available.
Available from the Development Bank of Wales for a limited period, the loan is intended to provide support to businesses who are experiencing cash flow difficulties as a result of the pandemic.
The loan is open to all SMEs based in Wales who have been trading 2 years or longer including sole traders and partnerships:
- Loans between £5,000 to £250,000, maximum loan levels apply
- 12-month capital and interest repayment holiday
- No arrangement or monitoring fees
- 2% interest fixed for 6 years (includes the 12 month holiday)
- Partially secured lending depending on the size of the loan, see below for details
If you have any queries please email email@example.com.
The loan scheme will work alongside the UK wide Coronavirus Business Interruption Loan Scheme, other Welsh Government and UK Government support offers, providing more vital options for Welsh businesses.
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