STWLC approves a huge, record-breaking £371,100 in interest-free loans in the second quarter of 2025.
The Sir Thomas White Loan Charity is thrilled to announce another record-breaking milestone for the Charity, with the highest EVER quarterly loan approval figure of £371,100!
Within this figure, a massive 21 interest-free business loans were approved totalling £343,200, while three interest-free education loans were approved, to the value of £27,900.
“It’s clear that more people are hearing about the Charity and applying for loans now than they ever have done before.”
The Leicestershire & Rutland businesses set to benefit from this huge allocation of funds include a deli, interior designer, fitness studio, entertainment venue, pet store and an aesthetics service. Meanwhile, the education loans will support the studies of an MA in Fine Art and MPhil in Film and Screen studies.
Lucy Womack, STWLC Chair, said: “This really is incredible news for the Charity. Supporting the business and education dreams of young people in our county is what we’re all about, so to do that with £371,100 in just one quarter is truly amazing.
“To add some context to that figure, across the whole of 2022 we approved £330,500. This jumped up to a record £600,000 in 2023, and £495,600 followed in 2024. To approve £371,100 this quarter (taking us to £509,332 for 2025 so far) shows that we’re on track for another special, record-breaking year.
“This also shows that whilst our offering of an interest free loan with nothing to pay for the first three years sounds too good to be true, it really isn’t – and these new borrowers are testament to this.
“It’s clear that more people are hearing about the Charity and applying for loans now than they ever have done before, and that’s something we can all celebrate. We wish all of our new borrowers the very best with their business and education endeavours!”
Established in 1542, STWLC hosts quarterly application windows each year in which people aged over 18 and under 45 can apply for unique interest-free loans of up to £20,000 to aid local businesses, or £10,000 to support students wishing to return to postgraduate education. The Charity’s loans are interest-free for nine years, and become repayable by equal instalments after three years.
The next deadline for applications is 3:30pm on Thursday 3rd July 2025.
