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.
The Sir Thomas White Loan Charity is delighted to announce that a total of £48,000 has been approved in interest-free business and education loans, following the Charity’s first round of interviews with prospective borrowers in 2017.
Of this figure a total £42,000 was approved to help new businesses start up in Leicestershire, including a new manufacturer of maternity lingerie, an online outlet for unique art and prints, a pie manufacturer and an online travel company.
In addition, a further £6,000 was approved as an education loan, allowing one graduate to continue their studies at post-graduate level.
The Sir Thomas White Loan Charity provides nine-year interest-free loans to help people aged between 18 and 35 within Leicestershire and Rutland, either to assist business start-up or progress educational qualifications.
The Charity’s next round of interviews with prospective borrowers is in May. For more information on business loans, please CLICK HERE.
For details of our education loans, please CLICK HERE.
Should you have any questions, please email email@example.com or call 0116 204 6620.
The Sir Thomas White Loan Charity has released a brand-new promotional video, produced by two fellow Leicester businesses that have benefited from the Charity’s interest-free loans.
The three-minute long video is a result of a working partnership between marketing agency Soar Media and video production company On Point Productions; both of which received funding from the Charity during the respective business’ infancy.
A former Miss Leicester, who contacted The Sir Thomas White Loan Charity in a bid to help get her music production business off the ground, has released her debut album, entitled ‘Find Your Tribe’.
Léna Walker, who borrowed from the Charity in 2014 in order to establish herself as a recording artist, music producer and guitar teacher, is back in the United Kingdom having spent six months hitch-hiking around South America and the West Indies with little more than her guitar and flip-flops. During her travels, Léna has been writing music, culminating in the production of ‘Find Your Tribe’ – the debut album which is being released independently.