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.
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.
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 firstname.lastname@example.org 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.
The Sir Thomas White Loan Charity is delighted to announce a total sum of £87,500 of interest-free loans were approved, following the Charity’s final round of interviews with prospective borrowers for 2016.
The figure from the final quarter takes the grand total delivered in loans for the year to an impressive £375,000.
One of Leicestershire’s oldest charities, the Sir Thomas White Loan Charity – based at Leicester’s Friar’s Mill – provides people aged over 18 and under the age of 35 with business and education loans, which are interest-free over a period of nine years.
The Sir Thomas White Loan Charity is encouraging budding young entrepreneurs from Leicestershire to get in touch to help their start-up get off the ground.
The Charity, based at Friars Mill, just outside Leicester city centre, provides nine-year interest free loans of up to £15,000 to people aged over 18 and under the age of 35 wishing to start their own business. Successful borrowers are provided with a three-year break period before equal monthly repayments commence, thus providing a lengthy period for businesses to become fully operational.
A case of turning a negative situation into an opportunity motivated Dildar Sandhu to launch his business, The Stottie Shop in Hinckley.
The culinary entrepreneur used to play hockey at county level – before he had the misfortune of breaking his leg doing so. This meant he had to take six-months out from work, giving him plenty of spare time to fill. Some people might have done nothing but sit at home and curse their bad luck. Not Dildar.
When conceiving a new business idea and putting the initial pieces in place to make that idea a reality, few things drive a person more than passion – and through the Sir Thomas White Loan Charity, many business borrowers have been provided with the financial support to use that passion to succeed.
Rob Pullen is a perfect example of somebody that took their passion and used it when establishing his business – the Leicester Running Shop, currently located on Clarendon Park Road; just off the hugely popular Queens Road in the Clarendon Park area of Leicester.
To spread awareness of the support the Sir Thomas White Loan Charity can offer, trustee David Howard will be attending a networking session at Phoenix Square followed by a visit to LCB Depot, on Wednesday 30 March.
Firstly, he will be at Creative Coffee from 10:00am to 12:00pm, to speak to any entrepreneurs in attendance that might be able to benefit from a business loan from the Charity.