The Sir Thomas White Loan Charity, based in Friars Mill in Leicester city centre, is delighted to announce that a total of ten interest-free loans were approved this quarter, totalling £99,190.
Providing nine-year interest-free loans to assist business start-up or development in Leicestershire and Rutland, alongside loans on the same terms for students requiring financial support to study for post-graduate qualifications, The Sir Thomas White Loan Charity’s latest figure takes the grand total approved this calendar year to £211,555.
The ability to study at post-graduate level provides you with more than an additional qualification. It can deliver amazing opportunities and provides access to a number of pathways towards a chosen career. Just ask Sam Gandy, who took out an interest-free education loan totalling £5,000 in order to study in London.
The 32-year-old from Market Harborough has since gone a step further as he approaches the end of his PhD; however, as he explained, it’s the journey he’s taken – quite literally – that has changed his life to this point.
From festive foundations, Melton-based Incredible Pies has established a reputation for delivering a wide variety of tasty treats, suitable for satisfying even the toughest of sweet teeth – with The Sir Thomas White Loan Charity playing a small part in the company’s growing success.
Established by Pete and Rob Sharpe, who applied for an interest-free business loan from the Charity in order to develop his start-up, Incredible Pies has now gained a strong customer-base following its presence at food events in Leicestershire and beyond.
The Sir Thomas White Loan Charity, based at Friars Mill (pictured) in Leicester, has adjusted a number of its terms and conditions so as to make it easier for applicants to obtain one of the Charity’s interest-free business and education loans – in some cases approving selected applicants unable to meet the guarantor requirements in full.
In addition, applicants may borrow an improved sum in order to support business start-up or development, or post-graduate study.
One of the county’s oldest charities, named after one of Leicester’s most generous benefactors, Sir Thomas White – who features on the city’s iconic clock tower, The Sir Thomas White Loan Charity provides loans to people aged between 18 and 35 to establish new businesses within Leicestershire and Rutland, in addition to smaller sums to support the cost of continuing studies for a post-graduate qualification.
Business loan applicants may now borrow up to £20,000 to assist with either a start-up project or to take a developing business to the next level. This move is a £5,000 increase on the total sum a business loan applicant could previously apply for.
Alongside this, the Charity has increased the total sum an education borrower may take out as an interest-free loan, with the new £10,000 figure a £4,000 increase on the previous maximum of £6,000.
The University of Leicester is to open a brand-new working space which could have huge benefits to business loan borrowers of The Sir Thomas White Loan Charity.
After months of planning, the go-ahead has been given to establish a co-working space operated by the University of Leicester within the city itself. A collaboration of the university, Leicester’s local start-up business community, local businesses themselves, Leicester City Council and De Montfort University; the co-working space is expected to make a difference to those engaged in early start-ups in addition to entrepreneurs, freelancers, professionals, social entrepreneurs and changemakers, who will be able to have the space to work, connect, collaborate, learn and grow.
HAVE A FRIEND EAGER TO SET UP A BUSINESS?
FANCY A £100 AMAZON VOUCHER?
The Sir Thomas White Loan Charity is delighted to unveil a brand-new Recommend a Friend initiative; an opportunity available to past or current borrowers of the Charity, launched with a view of helping more aspiring business owners make their dreams a reality.
The concept is simple – if you have a friend that is keen on starting up their own business, put them in touch with The Sir Thomas White Loan Charity.
The Sir Thomas White Loan Charity has approved a total of £64,365 in interest-free loans this week; the majority of which has been loaned to help three new businesses start up within Leicestershire.
You may have seen the brand-new Sir Thomas White Loan Charity video – but now, we’re delighted to bring you some extended footage from interviews with two of the businesses featured – The Sewing Cafe and William Wheelwright Hair.
The interviews with packed full of information which provides prospective borrowers with an insight into the measures required to make your business work – not to mention details of how each borrower found working with The Sir Thomas White Loan Charity and how the loan they obtained benefited their respective business.
A key attraction to starting a business is the opportunity to utilise a talent or passion on a day-to-day basis, creating a career out of something that provides enjoyment and satisfaction.
It is something that fuelled 28-year-old Jen Pyrah, whose gift for fine art has since been transferred to her business Wren & Wilson, which was set up after Jen successfully applied for a business loan from The Sir Thomas White Loan Charity.
Having the opportunity to study for a post-graduate qualification opens a host of doors when it comes to commencing a career. However, for many, the cost of continuing study beyond graduation provides a stumbling block – which is why The Sir Thomas White Loan Charity provides education loans that are interest-free for nine years.
Hajra Okhai is a perfect example of somebody eager to continue studying so that she could enter her chosen career. Hajra, from Leicester, initially commenced work for a large industrial company prior to making the decision to study for a post-graduate degree.