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Loans to Businesses & Third Sector

The Wales Micro-Business Loan Fund

Cardiff & Vale Credit Union (representing credit unions in Wales), in partnership with WCVA and Coalfields Regeneration Trust, has been awarded a contract to manage this fund for small to medium social enterprises in Wales.

The contract was awarded to the partnership in 2013 by Finance Wales, with funding provided by the Welsh Government, to provide affordable business loans into enterprising third sector organisations across Wales.

The size of the loans offered are between £1,000 and £20,000 with a maximum repayment term of 5 years, interest rates will be 10% with a £150 setup fee. The £1 million fund is now taking applications and will be open until 2017.

The fund is aimed at providing micro loan finance to third sector organisations that want to expand or start enterprising activity that will generate income and create jobs in communities across Wales. The available finance can be used to fund revenue or capital investments.

Organisations can be start up in nature but they must be an incorporated organisation with an appropriate level of governance in place.

If you are interested in applying for the available finance our loans team will work with your appointed loan officer to complete an application form. This application, along with accompanying financial projections, forms the basis of the information provided to the project’s credit panel for assessment and investment decision.

To find out more, download our leaflet or contact Leanne Herberg:


(029)20 872373

Cardiff & Vale Credit Union. Registered office: The advice Hub, Second Floor Central Library The Hayes Cardiff CF10 1FL Telephone 029 2087 2373
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority 213467

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