Fulfilling financial dreams
With support from Lancashire Community Finance, local people are getting back on track
People are turned down for loans for all kinds of reasons – no track record, lack of assets, or low income. Sometimes it’s through no fault of their own, or they are trying to get back on their feet after a difficult time.
Lancashire Community Finance recognises this and, as a not for profit organisation, helps people review their circumstances to work out a low-cost loan based on their current circumstances, not what has happened in the past.
So far, the charity has helped to get more than 200 people into work either by providing a start-up loan so they can turn a great idea into a profitable business or by helping them find employment with the businesses it has helped. It also provides personal and home improvement loans, mentoring, budgeting help and money matters advice.
With a £700,000 total loan from RBS Social & Community Capital, LCF has managed to raise enough capital to meet increasing demand for its low-interest personal loans and help more members of the community. It means that money which otherwise would have bled out to the loan sharks is being put back into the community for the community’s benefit.
Living proof is Robert D’Orville owner of Berry’s Bakery. Previously an employee, Robert worked out a loan with LCF that has enabled him to realise his dream of owning the bakery outright. He has since grown the successful business from four to eight local staff.
Security may be required. Product fees may apply. Over 18s only.
Any property used as security, which may include your home, may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it