Starting a business is no easy feat. In fact, over 60% of start-ups in the UK don’t make it past their first two years. But in Bury, a new initiative is here to give local entrepreneurs a fighting chance.

In September 2024, Made in Bury launched its much-anticipated Interest-Free Business Loans, designed exclusively for start-ups in the borough of Bury. This not-for-profit initiative provides loans ranging from £2,000 to £5,000, giving new businesses a crucial financial boost during those tricky early stages.

A Legacy of Supporting Start-Ups

Made in Bury has been at the heart of the local business community for years. The Made in Bury Business Academy, founded in 2016 by Debi and Phil Fellone, has already made a significant impact. With 166 start-ups under its wing, the Academy has offered coaching, mentoring, and a support network to help new businesses thrive.

Now, with the launch of the Interest-Free Loans, Made in Bury is completing the puzzle, adding financial backing to its impressive list of support services.

Why Interest-Free Loans?

For many start-ups, accessing funding can be a massive hurdle. Traditional lenders like banks and credit unions often turn down applications from new businesses, leaving passionate entrepreneurs stuck. That’s where Made in Bury steps in.

The loans are designed to act as a "lender of last resort," giving those with brilliant ideas or innovative services the chance to grow when other doors have closed. Whether it’s for new equipment, marketing, or launching a project, these loans could be the lifeline a business needs.

Since the September 2024 launch, two loans have been approved by the Loan Panel; £5,000 to Niel Silverman from Printabulous in October 2024 and £2,000 to Wayne Oliver Plumbing & Heating in November 2024.

How It Works

The application process is refreshingly straightforward, and most types of businesses are eligible to apply. Applications are reviewed by the Made in Bury Patrons, a panel of trusted and experienced business owners from Bury, who meet regularly to assess and approve requests.

Once approved, the funds are made available quickly, helping entrepreneurs focus on what matters most – building their businesses.

Who Can Apply?

Are you a start-up in the borough of Bury? Could an extra £2,000 to £5,000 help take your business to the next level? Then this initiative could be just what you need. Whether you’re launching a café, starting a digital agency, or opening a local shop, Made in Bury wants to hear from you.

A Brighter Future for Local Entrepreneurs

Made in Bury is all about empowering local businesses to succeed. By providing funding, mentoring, and a network of support, Made in Bury is helping to nurture a vibrant business community in the borough.

So, if you’re a new business owner needing support or struggling to secure funding, why not explore the Made in Bury Business Academy or Business Loans? With zero interest and a simple application process, a loan from Made in Bury could be the push your business needs to soar.

For more information or to apply, visit the Made in Bury website and take the first step toward building a successful future for your business.