About our Loans

1. For the purpose of starting up or expanding a small business
2. Maximum loan amount £10,000
3. 5% interest rate
4. Capital, together with interest, usually to be paid back over 3 years
5. Two people (occasionally one) to guarantee the loan and interest
6. You will pay the legal costs related to the preparation of the loan Bond which vary with the size of the loan up to a maximum of [£150 + VAT]

How to Apply

1. Application forms for you and your guarantors can be downloaded or posted to you
2. 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
3. Your formal application then goes to a meeting of Trustees (which takes place periodically) who may or may not decide to support your plan
4. If we are happy with the information, we will then meet with you and your guarantors
5. 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