About our Loans
- For the purpose of starting up or expanding a small business
- Maximum loan amount £10,000
- Interest will be payable on loans at a rate of not exeeding one per cent above the Bank of England base rate at the time of the loan
- Capital, together with interest, usually to be paid back over 3 years
- Two people (occasionally one) to guarantee the loan and interest
How to Apply
- Application forms for you and your guarantors can be downloaded or posted to you
- We do need quite a bit of financial information, since we are lending money which has been passed down since 1603 and has helped many hundreds of small businesses to start off or grow
- Your formal application then goes to a meeting of Trustees (which takes place periodically) who may or may not decide to support your plan
- If we are happy with the information, we will then meet with you and your guarantors
- It will be explained to your guarantors that, if you default on your capital and interest payments, they will be jointly and severally liable with you
