Apply for Loan
This is the place for our terms & conditions and also to download your application form which needs to be completed and uploaded here.
Made in Bury Ltd aim to make our application process as streamlined as possible. All types of businesses will be considered, the Loan Panel meet regularly and once an application has been approved, monies will be made available quickly.
To find out if you qualify, please read our T&C and FAQ’s. If you have any questions, please do not hesitate to contact us on 07831369089 or email: info@madeinbury.co.uk
If you would like to apply for a loan, please download an application form below or alternatively, call or email us.
Loan terms and conditions
Loan size – £2,000 – £5,000
Interest – No interest is charged.
Repayment Term – 1-3 years, payable on the first day of the month, by Standing Order.
Security – Security is not a prerequisite.
Eligibility
- Most types of business will be considered.
- Applicants should also be able to demonstrate that they have approached other funding sources.
- The intention is not to act in place of conventional funding but should be viewed as “a lender of last resort”.
- The Made in Bury Business Loan cannot be used for refinancing.
- Applicants should be contributing players of the Made in Bury £2000 Weekly Draw and remain so for the duration of any loan granted.
- All applicants must be 18 years old or above.
Application process
Application forms should be downloaded, completed in full and uploaded, together with 2 forms of ID (passport or driving licence and Bank Statement showing name and address) and any supporting information.
- Upon receipt, the application will be acknowledged, initially screened and credit checked. Any outstanding credit judgments will not necessarily render the project ineligible.
- Further information may be requested, which should be supplied as promptly as possible.
- The applicant(s), if successful, will be invited to attend an interview with the Loan Panel, where the application will be discussed in detail.
- Each application will be judged on its individual merits. The decision of the Loan Panel is final.
Offer and Payment
- Upon agreement of the Loan Panel the loan agreement will be drawn up.
- The funds will be released upon signature of the loan agreement by way of a bank transfer payable to the Individual as a personal loan for business use.
- In some instances, the loan amount agreed may be phased.
Publicity
- All loans and defaults will be published in the annual accounts of Made in Bury Ltd.
- Made in Bury Ltd will undertake to protect client confidentiality regarding financial and fiscal information received.
- Made in Bury Ltd reserve the right to include successful applicants for the use of advertising and marketing.