CASH from the past will help provide a future for fledgeling Bury businesses and those wishing to expand.

The vital finance is now available through The Bury Enterprise Loan Company Ltd, which evolved through the former Bury Partnership.

Although the Partnership is no longer in business, finance is still available through the loan company to assist businesses.

This company has now relaunched and has appointed Bury-based accountants Metcalfe and Co as its managing agents for its funds. Start-up or established businesses in the area who are struggling to obtain finance or who were turned down by the high street banks could be eligible for funds.

Bury Enterprise Loan Company offers loans to all types of businesses at guaranteed low interest rates for sums up to £15,000.

Repayment timescales will be geared to suit a company's cashflow situation, including the possibility of an initial three-month repayment holiday.

Security will not always be necessary and, unlike normal institutions, the company will lend solely on the potential of the business idea and the people involved.

There will be minimal arrangement fees for all loans and professional business help and advice covering all needs will also be available.

Bury Enterprise Loan Company stress its mission is to provide advice and loans to assist start-ups and small companies and to establish or expanding business throughout the Bury area.

Funds are limited. Interested businesses should contact Maxine Grey as soon as possible on 764 7440 or e-mail tbelc@hotmail.com to obtain an application form.