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Charity Approves Nine Interest-Free Loans for People in Leicestershire

Charity Approves Nine Interest-Free Loans for People in Leicestershire

The Sir Thomas White Loan Charity is delighted to announce that a total of £89,000 has been approved in interest-free loans to people throughout Leicestershire and Rutland.

Based at Friars Mill in the heart of Leicester city centre, The Sir Thomas White Loan Charity provides loans of up to £20,000 to new and developing businesses within the county, in addition to loans of up to £10,000 to individuals wishing to study for postgraduate qualifications.

Loans provided by the charity are completed interest-free for a nine-year period, with equal monthly repayments commencing three years after the loan has been taken out – making them completely unique.

Following the second quarter of 2019, The Sir Thomas White Loan Charity approved two education loans, totalling £20,000, which will be utilised to enable borrowers to enrol on a Global MBA and the Legal Practice Course.

The unique nature of The Sir Thomas White Loan Charity’s loans is extended within the education loans. Whilst Student Finance England offer loans for postgraduate courses such as Masters and PhDs, they do not offer loans for individuals wishing to study on a Legal Practice Course; however, The Sir Thomas White Loan Charity does.

Alongside the education loans, a total of seven business loans were approved to support new and developing businesses, including two ‘top-up’ loans to individuals who have borrowed from the charity before – albeit below the £20,000 limit. Businesses that will benefit from the charity’s business loans this quarter include a yoga studio and landscape gardening business.

For more information on the charity’s business loans, please click here

Alternatively, please click here to find out more about The Sir Thomas White Loan Charity’s education loans.