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Samuel Wilson's Loan Trust is a charitable organisation which grants business loans to younger people for establishing and developing start up businesses.

What can Samuel Wilson's Loan Trust offer?

The purpose of the Trust is to benefit people under 40 years old suffering financial hardship or other disadvantage, by granting loans to: individuals, partnerships or limited companies, recently set up or about to engage in any trade, manufacture, business or profession​.

Loans must usually be repaid within five years, although the precise interest rate, amount and period of the loan will be considered on an individual basis, determined at the discretion of the Trustees. One or more guarantors may be required to guarantee repayment of the loan including interest due.

Who can apply?

There are a number of simple conditions, which must be followed and met. To count as 'qualifying individuals', applicants must be:

  • Under 40 years of age
  • Have recently set up, or be about to set up in a trade, manufacture, business or profession
  • Operate in the area of Greater London or the counties of Buckinghamshire, Essex, Hertfordshire, Kent, Surrey, East Sussex or West Sussex
  • Not be a publican, a distiller or vendor of distilled liquors (unless the sale of alcohol is incidental to the main activity of the business

How to apply

If you would like to apply and find out any further information, please contact the Trust on 020 7332 1302 or email SWLTchampion@cityoflondon.gov.uk

View the Samuel Wilson's Loan Trust  small business loans leaflet (3MB) to find out more.

Published:
08 August 2014
Last Modified:
25 October 2017

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