Finance Wales’ micro loans continue to back businesses in South East Wales
Finance Wales made micro loans totalling £1.54 million in 46 businesses in South East Wales in 2014-15.
Rhiannon Brewer, Senior Investment Executive, works with SMEs in the region looking for loans of between £1,000 and £50,000.
These loans can be used to start or expand a business, to purchase new equipment or stock or even to buy a business.
Rhiannon is dedicated to ensuring the businesses she works with secure the funding they need and can also help them to use a loan from Finance Wales to unlock additional capital.
She also works with Business Wales to support businesses and help them access a range of support on offer from Business Wales which includes help with business planning, marketing, HR, tendering as well as financial guidance.
Recent South East Wales micro loan investments:
- Aegis Security Ltd
Equipment purchaseNewport-based Aegis Security Ltd provides security services via CCTV for businesses based in Wales. A £35,000 loan from Finance Wales helped the company purchase additional equipment to continue to meet growing demand.
- BiBiBags Ltd
BiBiBags Ltd supplies fashion and designer products including shoes, handbags, jewellery and accessories. Originally an online business, a £20,000 loan from Finance Wales is helping the Newport-based company to set up a shop in the city centre.
- DJJ Precision Engineering Ltd
Expansion capitalEstablished in 1976, DJJ Precision Engineering Ltd provides engineering services to companies in a wide range of sectors, including automotive, oil and gas and marine. A £50,000 loan from Finance Wales will help the Pontypool-based company to expand and boost its order book.