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12 Interest-Free Loans Approved By Leicester Charity

12 Interest-Free Loans Approved By Leicester Charity

The Sir Thomas White Loan Charity is pleased to announce that a total of £140,879 was approved in interest-free business and education loans at the culmination of the final quarter of 2019.

This figure is the sum of 12 loans approved in December 2019, with five education loans totalling £39,000 complemented by an additional £101,879 approved across seven interest-free loans to help start-up or develop businesses in Leicester, Leicestershire and Rutland.

As a result of the five education loans approved at the end of the year, students will be able to complete postgraduate courses including an MSc in Astrophysics and an MA in Craft.

Meanwhile, business ventures that will benefit from The Sir Thomas White Loan Charity’s interest-free funding include bespoke jewellery, an electrician and a biscuit manufacturer.

Following the announcement of the final quarter’s figure, the total sum of interest-free loans approved by the charity in 2019 (January-December) is £452,084, divided into 18 education loans totalling £152,825 and 23 business loans totalling £299,259.

David Howard, Chair of Trustees at The Sir Thomas White Loan Charity, said: “To approve seven interest-free business loans is a great way for us to finish 2019, with some great ventures benefiting from the charity’s support. Our overriding hope is that we exceed the sum we delivered in interest-free loans this year come the end of 2020.

“It’s been a good year for The Sir Thomas White Loan Charity, but we’re excited by what the New Year has in store. Over the past year, we’ve worked to be more accessible and visible in the Leicestershire community and have opened our interest-free loans up to people aged over 18 and under 45 – so more people than ever can apply for our support.

“With our next deadline on 6 January 2020, I’d encourage anybody looking to start or develop a business in Leicestershire, or those that wish to return or continue at university to study at postgraduate level, to apply.”

Please click here for more information on the charity’s interest-free business loans, or here to find out more about education loans.