Dan Thomas, an engineer, was able to expand his business, Waste Baling Machines, after securing the funds with the help of Landsker Business Solutions Ltd.
The funding applications were supported by Pembrokeshire Lottery and the Development Bank of Wales.
The expansion of the business means Waste Baling Machines is now working with clients including Bluestone, Tan y Castell, and Live Nation.
Waste baling and compacting involves compressing recyclable materials into compact bales, reducing waste volume by up to 80 per cent.
This makes the waste easier and cheaper to store and transport, and helps increase recycling rates.
Matthew Davies, senior business consultant at Carmarthenshire-based Landsker who made the application, said: “It is always an honour to help our small business owners secure funding for something they’re so passionate about, and the fact that Dan’s business offers a tangible solution to the very real and prominent issue of waste disposal costs which is a huge benefit to the environment too, makes it all the more worthwhile.”
Mr Thomas said: “Working with Landsker, and Matthew Davies particularly, has been invaluable.
“As a result, I’ve been able to expedite the growth of Waste Baling Machines to ensure a sustainable future and commit long-term to helping our customers reduce the volume of waste by up to 80 per cent, decreasing both their storage requirements and removal costs, as well as increasing their recycling potential.”
Landsker Business Solutions has helped more than 2,500 Welsh businesses in areas including HR, marketing, planning, and finance, securing more than £150 million in funding.
It has also contributed to the creation of at least 6,000 jobs across the country and helped 750 start-ups build their brands.