The Sir Thomas White Loan Charity, based in Friars Mill, Leicester, has revealed that a grand total of £185,420 was approved in interest-free business and education loans in the Charity’s final quarter of 2017.
Of that sum, £124,100 is to be used to help 10 entrepreneurs start up or develop businesses within Leicestershire and Rutland, whilst a further £61,320 will be delivered to enable eight students to continue their studies at postgraduate level.
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.
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.
You may have seen the brand-new Sir Thomas White Loan Charity video – but now, we’re delighted to bring you some extended footage from interviews with two of the businesses featured – The Sewing Cafe and William Wheelwright Hair.
The interviews with packed full of information which provides prospective borrowers with an insight into the measures required to make your business work – not to mention details of how each borrower found working with The Sir Thomas White Loan Charity and how the loan they obtained benefited their respective business.
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.
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