Swansea businesses can choose to apply for a Business loan by completing the online application at For Kredit. There are zero fees charged for making an application with us.
The online application requires the applicant to input some basic information about the business owners as well as some information about the business itself. The application may require the business to upload some documentation regarding business performance as this helps the lenders we will connect you with to make an accurate assessment of the application.
Successful applicants will be notified by the lender to discuss details regarding the loan being offered. There is no obligation for the applicant to accept the loan they are offered. If the applicant accepts the offer and chooses to sign the contract, the money will be transferred into the preferred bank account within 24 hours.
Is Swansea a good city for businesses?
Swansea is a good city for business and with recent investment is looking to attract many investors to Wales’ second largest city. The city, previously known for mining materials, has developed and is now home to several sectors such as service and tourism.
Swansea currently provides lots of support for companies located in the city. Swansea BID has helped to offer savings and incentives among businesses based in the BID area such as offers on parking.
Furthermore, the city itself is currently receiving a huge £500 million investment into city improvements. This includes the development of more high-quality office space as well as the regeneration of other parts of the city. In particular, the Swansea Waterfront is helping to draw in more and more innovative businesses, especially within the tech industry.
Empowering Swansea Businesses
For Kredit provides finance options like Unsecured Business Loans for Swansea businesses. These are designed to cater to the diverse needs of Sole Traders, Startups, and SMEs.
Eligibility Criteria for Business Loans in Swansea
To qualify for a loan, Welsh businesses must meet these criteria:
- Minimum monthly turnover of £5,000 for business loans.
- For merchant cash advances, minimum monthly average card sales of £5,000.
- The business must have been actively trading for at least 6 months.
- The business owner or director must be over 18 years old.
The Application Process for For Kredit in Swansea
- Online Application: Complete a simple form, providing personal and business details.
- Match with a Suitable Lender: Within hours of application, businesses are matched with an appropriate lender, receiving full terms for their startup loan.
- Finalizing the Loan: Read and agree to the lender’s terms, sign the agreement, and the loan amount is deposited within 24 hours.
For Kredit makes the application process straightforward and efficient, ensuring Welsh businesses can easily access the funds they need to grow.