Notts LTA Interest Free Loans
As part of our club support programme, Notts LTA offer an interest free loan to improve the infrastructure at the club.
Download the application form here.
Who can apply?
Any club registered with Nottinghamshire LTA.
What can I use the money for?
The loan must be used to improve tennis infrastructure at your club.
How will your club measure the success of your project?
Included in your application must be how you will measure the outcome from the loan and your project.
What funding is available?
There is a maximum limit per loan is normally £15k, which is interest free.
However, larger loan requests will be considered on a case by case basis.
What are the terms of the loan?
Loans will be interest free and for a maximum of 10 years, to be paid back in equal annual instalments.
What information will I need to submit with my application?
- Full details of the project with full costing.
- Copy of Club Accounts for the last three years.
- Club Business Plan, including details on how the money will be generated to pay back the loan.
How long before a decision will be made?
The applicant will receive a decision within four weeks once all required information has been made available.
Who makes the decision?
A sub-committee of the Nottinghamshire LTA considers loan applications and needs agreement with the Main Board.
What is the process?
Once approval has been given, which you will receive in writing, a Loan Agreement will be drawn up containing the agreed Terms and Conditions. Once signed by all parties the funding will be released.
