Cardiff-based frame-maker Free Range Frames is set to expand its product offering after securing a micro loan from Finance Wales.
The loan, facilitated by Finance Wales micro loans team has been used to purchase bespoke moulding equipment by owner Katharine Richards
“The loan will allow me to make my own picture frame mouldings from rough timber so that I'm not limited to what is available from suppliers,” explained Katharine. “This will allow me to offer an additional bespoke service to my customers.”
The company is based at the Bone Yard in Canton, a small business community of artisans and crafts people. In addition to the new service Katharine also uses reclaimed wood and other mouldings to make her frames.
Senior investment executive Rhiannon Brewer said: “Katharine is an incredibly skilled frame-maker with a growing client base. We are pleased to be able to support her with a loan from our micro loans fund to purchase the new equipment.
"Having traded for two years Katharine was eligible to apply using our streamlined application. Access to cash quickly can make all the difference for small business owners. ”
The company applied for the loan through the expanded streamlined scheme. Companies who have been trading in Wales for two years or more can have a decision on a loan from Finance Wales between £1,000 and £10,000 within two business days. Over 70 businesses have secured loans through the streamlined service since it launched in December 2015.
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