Loans Policy

Who can apply? Who can apply? addremove

Any club registered with Nottinghamshire LTA.

What can I use the money for? What can I use the money for? addremove

The loan must be used to improve tennis infrastructure at your club.

How will your club measure the success of your project? How will your club measure the success of your project? addremove

Included in your application must be how you will measure the outcome from the loan and your project.

What funding is available? What funding is available? addremove

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? What are the terms of the loan? addremove

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? What information will I need to submit with my application? addremove

  • 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? How long before a decision will be made? addremove

The applicant will receive a decision within four weeks once all required information has been made available.

Who makes the decision? Who makes the decision? addremove

A sub-committee of the Nottinghamshire LTA considers loan applications and needs agreement with the Main Board.

What is the process? What is the process? addremove

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.