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.
Two budding entrepreneurs from Leicestershire have been provided with the financial support to start up new businesses within the county, thanks to business loans provided by the Sir Thomas White Loan Charity.
The Charity, which provides interest-free loans of up to £15,000 to people aged over 18 and under 35, approved loans totalling £18,000 to assist with the setup of the two new businesses, following the most recent quarterly round of interviews with prospective borrowers. The two successful applicants will now be provided with a three-year period to get their businesses up and running, before commencing equal repayments over the following six years with no interest to pay.