Samuel Wilson’s Loan Trust
Samuel Wilson’s Loan Trust is a charitable organisation that provides business loans to support people under the age of 40 who are experiencing financial hardship or other disadvantage to start or develop a new business.
Loans of up to £50,000 are available with a 2% interest rate and repayment terms of five years. The precise interest rate, amount and period of the loan will be considered on an individual basis.
The Trust does not loan to any business whose primary trade is the manufacture or sale of alcohol.
Who can apply?
To qualify for a loan, individuals must:
- Be between the ages of 18 and 39.
- Have recently set up (no longer than 36 months) or be about to set up a business.
- Trade in Greater London or the counties of Buckinghamshire, Essex, Hertfordshire, Kent, Surrey, East Sussex or West Sussex.
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