Cardiff Business Loans

Table of contents

• Running a business in Cardiff
• Types of Cardiff small business loans
• How to apply for a Cardiff business loan

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Running a business in Cardiff

The Welsh capital is a thriving business hub, housing 44% of all Welsh registered businesses; the Cardiff business community is continually expanding. With so many successful businesses operating in the city, it becomes even more challenging to stand out.

With business finance, you can invest in your small business, from opening new premises, hiring new machinery or creating sprawling marketing or advertising campaigns, you can focus on rapid growth without having to severely deplete your working capital.

Apply for a Cardiff business loan and make affordable and flexible repayments.

Types of Cardiff small business loans

There are many types of business funding for Cardiff SMEs available to choose from — here are just a few:

Line of credit

With a line of credit, you agree on a limit with the lender, say £30,000. You then draw down the money as and when you need it into your bank account, with the lender only charging interest on the money you draw down. It’s a similar credit facility to a business credit card, except you can usually access high credit limits and lower interest rates, and you might need collateral if it’s a secured line of credit.

Start-up loans

A start-up loan is perfect if you’re just starting your Cardiff business. This loan can cover start-up costs like hiring staff or kitting out your new premises. To be eligible for a start-up loan, your business mustn’t be older than 36 months.

Unsecured or secured business loans

Whether you apply for an unsecured or secured loan depends on a few things — whether you have high-value assets to secure a loan with, how much risk you’re willing to take and how much money you need to borrow.

To access higher loan amounts, you’re best applying for a secured business loan. But if you’re looking for quick cash under £500,000, you can apply for an unsecured loan. Just be aware that the lender might expect you to sign a personal guarantee.

Check your eligibility for business funding

Checking won’t affect your credit score

Get Started

Business credit cards

Applying for a business credit card is pretty straightforward and usually requires no collateral. Although you have to repay a minimum monthly fee, these cards can come with an interest-free period on purchases, making it a cost-effective way to fund your small business. Make sure you can comfortably afford repayments based on the APR after the grace period.

Welsh business grants

You might be eligible to apply for a Welsh business grant. Use our free business grant finder to quickly search available grant funding. Bear in mind that although you don’t have to repay a grant, they are very competitive, and the process can be long and tedious. So if you’re looking for quick business finance, a grant might not be the best route.

How to apply for a Cardiff business loan

Applying for a Cardiff business loan is quick and easy with our free loan comparison tool. Share basic details about what you’re looking to borrow, and our tool will instantly show you eligible loan products.

All the lenders on our panel assess loan applications on a case-by-case basis, so don’t be put off if you’ve got bad credit. Getting a quote won’t affect your credit score.

Compare business loans.