With an innovative idea, a strong knowledge of the subject matter and the drive to make it happen, Simon Long had everything in place to make his start-up succeed.
With the help of an interest-free business loan from The Sir Thomas White Loan Charity, funding wasn’t a problem either.
However, when his initial business partner’s abrupt departure from the project left him needing to start from scratch, Simon’s passion and determination was put to the test; a test that with perseverance and desire, he passed with flying colours.
In addition to helping people across Leicestershire and Rutland start a business from scratch, The Sir Thomas White Loan Charity also makes its interest-free business loans available to people wishing to develop their business; something that borrower Hannah Myatt was able to do.
Provided that the business has been running for four years or less and that an applicant meets the other necessary criteria, the Charity’s investment of up to £20,000 is on offer.
Hannah, a dancer and dance teacher, set up her studio – Skytribe – with the help of a small loan, but later found that additional work was required to bring the premises up to the standards she desired – which is where The Sir Thomas White Loan Charity came in.
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.