Finance milestone

Celebrate: Ian, Nicola, Erphelia and Jaentte mark the milestone
Celebrate: Ian, Nicola, Erphelia and Jaentte mark the milestone
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A not-for-profit organisation has marked its 10,000th loan with a special presentation. DAVID NOWELL reports

Preston-based Lancashire Community Finance has celebrated a milestone in helping the county’s Lancashire residents avoid high cost lenders and finance schemes.

Offering to lend as little as £400, we offer personal loans on a case by case basis without credit scoring and at much, much fairer rates than some other sources of personal finance such as doorstep lenders, rent-to-own shops and unlicensed lenders or ‘loan sharks’

It presented its 10,000th personal loan customer with a special cake baked by one of its start-up business loan customers.

Lancashire Community Finance provides personal loans, business start-up loans and home improvement loans as an alternative to high cost lenders and finance schemes.

Nicola Oddie, 25, of Ribbleton, who works in Preston as a home help, became the 10,000th personal loan customer after agreeing a loan to help her buy a car.

She was presented with a cake baked especially by one of the company’s start up business customers, Erphelia Chambers of Lia’s Cakes.

Personal Loans Officer Janette Hazzard said: “Offering to lend as little as £400, we offer personal loans on a case by case basis without credit scoring and at much, much fairer rates than some other sources of personal finance such as doorstep lenders, rent-to-own shops and unlicensed lenders or ‘loan sharks’.

“We are very pleased to welcome Nicola as our 10,000th personal loan customer and hope she enjoys her new car.”

Erphelia Chambers, a qualified and experienced chef, originally took out a small Start Up Loan for her small cake-making business.

Then she took a further loan to help her open a café on Garstang Road, Preston.

Start Up Loans Officer Ian Ashworth said: “As the local delivery partner for Start Up Loans, a Government backed national initiative aimed at ambitious people who want to start their own business, we were very pleased to be able to help Erphelia to get her business off the ground last year.

“Then, as Erphelia’s business had got off to a good start and she was exceeding her sales projections, we were delighted to be able to support her again with an additional loan to help her launch the café, which is now open.

“It’s a lovely place to stop for a coffee and a delicious cake.

“When we told Erphelia we were approaching our 10,000th Personal Loan, she very kindly offered to bake a cake in celebration and to help present it to Nicola.”

For further information on the organisation, go to www.lancashirecommunityfinance.co.uk,

Alternatively, call into the company’s offices near the Corn Exchange pub on Fleet Street, Preston.