Interest free loans available for businesses

There’s no denying that the Coronavirus pandemic has had a catastrophic effect on many businesses locally and nationally. The Sir Thomas White Loan Charity is now offering assistance to those affected.

Whilst there is Government funding available through ‘bounce-back’ loans,  The Sir Thomas White Loan Charity’s loans offer an excellent alternative or additional funding source which is available to businesses in Leicestershire and Rutland.

For new applicants, you can borrow up to £20,000 to help fund any area of your business, whether you’re starting from scratch or have an existing business in Leicestershire and/or Rutland that could benefit from financial support during this time.

These loans are completely interest-free. You’ll NEVER pay a penny in interest for the full duration of your loan.

In addition, you’ll not commence equal monthly repayments until THREE YEARS have passed from the date of taking out the loan, giving you three years to build your business and recover from COVID-19.

Please click here for more information.

Furthermore if you have an existing loan from the charity you could even be eligible for a top up too. Visit the website for full information.