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.
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.