Sir Thomas White Loan Charity Trustee, Bill Jones, provides an insight into the initial success of a borrower of one of the charity’s interest-free business loans, following his recent visit to see how things are getting on…
One of the things that I believe is so special about The Sir Thomas White Loan Charity is that our support and interest in a borrower’s business idea doesn’t stop when they’re approved for a loan. We genuinely care about the project an applicant has set out and we want them to succeed. That’s why, on an annual basis, us trustees visit our borrowers’ businesses to see how things are progressing.
For me, it’s one of the most rewarding things to experience.
Anybody that has started their own business will understand the importance of forming a strong business plan.
It’s more than a document; it’s a guide that can help you keep on track when the unexpected happens and one that can be altered at different stages, to ensure you take the unexpected into account moving forward.
That’s why producing – or developing – a business plan is a key part of the application process for anybody wishing to take out an interest-free business loan from The Sir Thomas White Loan Charity.
With the loans we provide being so unique – we want to ensure that the investment provided is to a start-up or young business that has a clear direction, or to a prospective business owner that has done the research and planning to back up their concept. But it goes way beyond us.
A business plan enables YOU to evaluate where you are in terms of starting a business. It allows YOU to be able to see where your strengths and weaknesses are. It enables YOU to be able to set realistic goals.
Knowledge and experience; two beneficial factors when starting your own business and assets that Shiraz Sidat possessed ahead of establishing his company, Speedel.
A Sameday business critical delivery service, Speedel provides bespoke solutions for its client base on a 24-7, 365-day-a-year basis. With the help of an interest-free loan from The Sir Thomas White Loan Charity, Shiraz was able to get Speedel off the ground and is now keen to share his experiences of starting a business with fellow aspiring entrepreneurs.
The 31-year-old, from North Evington, is to be one of the key speakers at The Sir Thomas White Loan Charity’s forthcoming Leicester Business Festival event, entitled Challenges and Triumphs of Business Start-Up, providing insight into his personal challenges.
Whilst many will pinpoint achieving a perfect work/life balance as a key reason behind becoming self-employed, there’s another common reason why many look to become their own boss; to do something they’re passionate about for a living.
That was exactly the reason why Léna Walker got in touch with The Sir Thomas White Loan Charity – to allow her the chance to produce something that she has been passionate about since she was a child. Music.
Fast forward four years, and Léna, who performs under the stage name Leyley, has released one album and, having been spotted by an international producer, has recorded new music as part of a group, Kimi’s Paradise.
Sat on Rio de Janeiro’s beautiful Copacabana beach during a gap year in South America, whilst taking in the stunning scenery that southern Brazil has to offer, James Wormington couldn’t help but think how magical experiences like these are often better when shared.
With that thought came an idea; a brainwave which not only grew legs, but began running, taking James on another adventure: into the world of business.
With a detailed plan in place and funding secured from The Sir Thomas White Loan Charity’s interest-free business loan, which is available to the value of £20,000, James was able to establish Travamigos – an app that allows solo travellers to connect with groups of likeminded adventurers heading for the same destination; making travel simple, safe and enjoyable for all.
As soon as he graduated from the University of Warwick, Yusuf Docrat knew he wanted to continue his studies.
Completing an undergraduate degree in chemical biology, 33-year-old Yusuf, from Leicester, took on his first role within the food industry, working within a quality control laboratory. However, after circumstances saw professional development come to a halt, Yusuf took the opportunity to return to his studies – getting in touch with The Sir Thomas White Loan Charity to aid the financial implications of enrolling on a postgraduate course.
Suhail Alloo’s aim was always clear – to become a qualified lawyer.
As any qualified lawyer will testify, it’s a challenging journey that requires commitment, hard work and – naturally – the successful pursuit of key qualifications through education. That’s why Suhail got in touch with The Sir Thomas White Loan Charity and successfully applied for an interest-free education loan.