Cariad Hair secures £7k to renovate its salon and expand chair rental options
The Cardiff hair salon raised the fast-track loan from the Development Bank of Wales.
Cariad Hair is a salon based in Cardiff that provides hair styling and coloring services.
Cariad Hair has secured a £7k working capital loan from the Development Bank of Wales. The business, owned by Warren Richards, will use the funds to revamp its Cardiff salon and support marketing activities. Fast-track loans are designed to provide rapid financial support for established small businesses.
The capital will help improve the salon environment and create additional chair rental opportunities for other stylists. The transaction highlights continued micro-lending activity aimed at supporting small enterprises across Wales.
From the founder
"A fast-track loan from the Development Bank of Wales has enabled me to revamp my salon in Cardiff and invest some money into my brand and marketing. The process was so quick and simple from my application to the turnaround in just two days."
Warren Richards
Owner at Cariad Hair
Investor perspective
"Giving small business owners such as Warren the opportunity to access funding easily and effectively allows them to adapt quickly. I look forward to seeing Cariad Hair go from strength to strength with our backing."
Emily Wood
Investment Executive, Development Bank of Wales
Use of funds
- 01Scale operations
Investors
About the company
Cariad Hair
Cariad Hair operates a hair salon providing styling and coloring services.