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How to Get the Best Out of your £5k Business Loan

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When most people think of business loans, they often think of big numbers: £50K, £100K even £1 million.

But the impact of smaller finance, like a £5K business loan shouldn't be underestimated. Especially when it’s invested by a business in the right way.

If you’re considering a small business loan of up to £5K think wisely about how to intend to spend. Ask yourself what is the best way to get maximum value.

New kit

Investment in equipment or machinery can boost production and reduce costs.  It can also create opportunities to offer new services to your customers. This can attract new business as well as increase your competitive edge.

SOURCE: financewales.co.uk

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The Development Bank of Wales exists to help businesses in Wales start up, strengthen and grow, by getting them the capital they need across a range of routes.

As a unique resource in Wales, we offer flexible finance to all businesses at all stages, with funds available from £1,000 to £10million.

Our teams of friendly and dedicated staff all across Wales are on hand to provide guidance on the right investment and support for your business, and can provide the local insight which we know business owners value.

We’re one of the top five institutional venture capital investors in the UK by volume, with more than £100m invested in tech businesses.

We also work alongside partner organisations like Business Wales, and offers co-investment alongside banks, crowd funders, grants, private and corporate investors and other lenders.

And we’re committed to helping Welsh businesses improve their sustainability and achieving net-zero goals, helping them to transition to Wales’ green business future.

For more information, visit the Development Bank website at www.developmentbank.wales to find out more.

 

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