The Sir Thomas White Loan Charity is delighted to announce a dramatic change to a key element of its eligibility criteria, which will make the charity’s interest-free business and education loans available to more people within Leicestershire and Rutland.
As of Thursday 1 August, applications will be welcomed from individuals aged over 18 and under the age of 45; increasing the eligibility window by 10 years, with the previous age limit for applicants being under the age of 35.
The Sir Thomas White Loan Charity is pleased to announce that a total of £93,705 has been approved in interest-free loans to young people within Leicestershire and Rutland, at the end of the charity’s first quarter of 2019.
One of the oldest charities in the county, The Sir Thomas White Loan Charity, named after the wealthy benefactor forming part of the city’s historical Clock Tower, provides people aged over 18 and under-35 with interest-free loans to help start or develop businesses within the county, or to fund postgraduate study anywhere in the world.
Following March’s meeting of the charity’s Board of Trustees, a total of six interest-free business loans, totalling £79,380, were awarded to help fund ventures including a vegan caterer, illustrator and security provider.
In the second instalment of our exclusive blogs with Sir Thomas White Loan Charity trustees, Lucy Womack provides insight into the charity’s quarterly meetings, which determine whether a borrower’s application has been successful, and the inspiration felt come the meeting’s close…
Despite it being quite common, I’m always amazed at how inspired I feel coming away from my involvement with The Sir Thomas White Loan Charity. It’s at this time that I feel so enthusiastic about working with an incredible charity that makes such a huge difference to young people in the county.
Okay, a little context needed; I understand. Last week, I spent an afternoon at one of the quarterly trustee meetings, where all 18 of us sit to discuss a host of matters involving the charity – not just our interest-free business and education loans.
Sir Thomas White Loan Charity Ambassador Lee Tomes has benefited from both forms of interest-free investment available from the charity.
Having initially engaged with the charity to take out an education loan to fund his postgraduate study in London, Lee – having returned to Leicester following his studies – set up Orange Fox Studios.
The video production agency, based in Phoenix Square in Leicester’s city centre, thrived. However, Lee wanted to be able to offer clients an enhanced service and product. As a side note, Lee also wanted to be able to focus on being able to work on projects that enabled him to utilise his creativity and skillset to the fullest. In order to deliver all of that, he required additional investment.
Representatives from Leicester’s The Sir Thomas White Loan Charity visited St John’s College in Oxford in recent weeks, to attend the main Sir Thomas White Charity distribution lunch; an event which sees funds distributed to individual charities under the Sir Thomas White banner.
In itself, St John’s College is a fitting venue for the event. Founded in 1855 by Sir Thomas White himself, the college was originally established as a men’s college – but has been coeducational since 1979.
The Sir Thomas White Loan Charity is pleased to reveal that a total of £114,560 has been approved in interest-free loans in December 2018, which will be used to establish or develop four businesses within the county and allow a further eight individuals the opportunity to study for postgraduate qualifications.
Among the business ventures to benefit from the interest-free loans provided by The Sir Thomas White Loan Charity are a personal trainer, a fashion brand designer and a creative business.
Meanwhile, students successfully accessing an education loan from the Charity will now go on to study in the fields of audio production, law, and training to become an associate physician.
Join The Sir Thomas White Loan Charity for an event not to be missed for any young or aspiring business owner in Leicestershire.
Forming part of the 2018 Leicester Business Festival, the event – Challenges and Triumphs of Business Start-Up – takes place at Friars Mill from 9.30am on Wednesday 31 October 2018 and is completely FREE OF CHARGE to attend.
The three-hour long event is perfect for those aged between 18 and 34 who want to start, or have recently started, their own business.
Those in attendance will hear first-hand from young businesses who have experienced the challenges and triumphs of starting a business within Leicestershire, making the leap as a young person to become self-employed.
The Sir Thomas White Loan Charity is delighted to announce that a total of £121,283 has been approved in interest-free business and education loans following the latest round of interviews with applicants.
One of Leicestershire’s oldest charities, The Sir Thomas White Loan Charity provides interest-free loans to people aged between 18 and 35 within Leicester, Leicestershire and Rutland. Prospective borrowers may access up to £20,000 in order to establish or develop a business within the county (provided they live in Leicestershire and the business will also be run in the county), or £10,000 to fund postgraduate study anywhere in or out of the United Kingdom – again, provided the applicant has lived in the county for three years or more.
Of the total approved in September 2018, £81,283 will be used to establish five businesses locally, including a fitness and wellbeing studio, courier service and domiciliary care provider.
Meanwhile, a further £40,000 has been approved in the form of education loans, which will aid postgraduate study in the fields of poetry, international relations theory and finance.
Ahead of The Sir Thomas White Loan Charity’s next round of interviews, which take place in November; applications are being welcomed and can be submitted ahead of the next application deadline, which is Monday 1 October.
For more information on business loans, please visit www.stwcharity.co.uk/business-loans or www.stwcharity.co.uk/education-loans for details on education loans.
The Sir Thomas White Loan Charity has approved 11 interest-free loans in their second quarterly application window, totalling £140,900 which will be used to establish or develop a new business in Leicestershire, or allow for individuals to study at postgraduate level.
One of the city’s oldest charities, The Sir Thomas White Loan Charity – established in 1542 – provides loans of up to £20,000 to aid the start-up or development of businesses within Leicester, Leicestershire or Rutland, and loans of up to £10,000 to aid local students’ postgraduate study anywhere in the world.
The Sir Thomas White Loan Charity is pleased to announce that a total of eight interest-free loans, totalling £77,227, were approved following the Charity’s opening quarterly interviews of 2018.
One of Leicester’s oldest charities, The Sir Thomas White Loan Charity provides people between the ages of 18 and 35 with loans of up to £20,000 to help start or develop business within the county, or £10,000 to aid postgraduate study. All loans are completely interest-free for a nine-year period, with equal monthly repayments commencing three years after the loan is taken out.