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The Sir Thomas White Loan Charity (STWLC) is delighted to announce that nine interest-free loans were awarded to people within Leicester, Leicestershire and Rutland in the first quarter of 2023.

Totalling £126,500, the largest quarterly amount the Charity has approved in over a year, the latest sum in interest-free loans is to be utilised to either fund business start-up or development, or postgraduate education.

Seven interest-free business loans totalling £107,500 were approved to support a variety of local businesses including a florist, estate agent and a camper van design and conversions company.

Meanwhile, two education loans were approved to enable the postgraduate studies of a Legal Practice Course and a Master of Science (MSc) in Biopharmaceutical Development.

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.

Lucy Womack, Chair of STWLC, said: “It’s fantastic to start the first quarter of 2023 with the news that we’ve approved nine interest-free loans to support a variety of local business and education aspirations.

“It’s a great start to the year, but we don’t want to stop there. We’re incredibly passionate about helping young people to achieve their dreams – and our interest-free business and education loans are the perfect helping hand for just that. If you, or someone you know, needs funds to start up a new business idea, grow an existing business or return to university for a postgraduate course, then please get in touch or visit our website to find out how we can help.”

Application packs are available to download upon completion of a contact form on our website

The next deadline for applications is 3.30pm on Monday 3 April 2023.

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