Feature Finance — 04 April 2018

Budding local entrepreneurs hoping to access a start-up loan from a Leicester charity can seek free financial guidance from local accountants Newby Castleman. 

The Sir Thomas White Loan Charity provides interest-free loans for entrepreneurs aged between 18 and 35 who live in Leicestershire and Rutland and are in need of investment to start or boost their local business.

Applicants for a business loan from the charity, which can be up to £20,000 and is completely interest-free for a nine-year period, must also demonstrate that their business can succeed, using a business plan. Newby Castleman Manager Samantha Faux can offer applicants free assistance in preparing such a plan.

Samantha, based at the company’s Head Office in Leicester said, “Younger entrepreneurs, while eager to succeed and full of great new ideas, may not necessarily have the accountancy experience or technical knowledge required to put together a 100% sound business plan when applying for a loan of this nature.

“We’re passionate about help budding businesses, as they are the lifeblood of the local economy, which is why we are offering our expertise for free to these applicants, to review their cash forecasts, sales predictions and other research they may have done, and make sure their bid to the Sir Thomas White Loan Charity is as watertight as it can be.”

David Howard, Chairman of the Sir Thomas White Loan Charity, said, “The charity is here to give financial support to keen, young businessmen and women intent on establishing a business within Leicester, Leicestershire or Rutland, and it’s vital they can demonstrate their business plans can be successful, in order to be approved for one of our interest-free business loans.

“The professional advice being offered to these young entrepreneurs is invaluable, and I would recommend anyone who is applying for a business loan from us to put together the best plan they can, before booking an appointment and putting it to the test.”

Newby Castleman is one of the Midlands’ leading independent accountancy firms, with offices in Leicester and Loughborough. It offers a range of specialist financial services, business and tax advice for individuals and businesses. For further information, telephone the Leicester branch on 0116 254 9262, the Loughborough branch on 01509 263500 or visit the website at www.newbycastleman.co.uk.

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