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news & events / BCRS becomes first lender in the UK to be awarded Code of Good Conduct

10
Jul 17

BCRS becomes first lender in the UK to be awarded Code of Good Conduct

news article

Neena Gill, Labour MEP for the West Midlands, left, and Paul Kalinauckas, Chief Executive of BCRS Business Loans, right

 

BCRS Business Loans has become the first lender in the UK to be awarded the European Code of Good Conduct for Microcredit Provision.

This places BCRS Business Loans as a leader in the microfinance industry after complying with all 175 standards and ethical practices set out by the European Commission.

The code has been introduced to ensure quality across the sector in areas such as customer service, management information, credit management and governance. It also acts a quality mark for individuals and businesses that are looking to access finance.

Welcoming the news Paul Kalinauckas, the chief executive of BCRS Business Loans, said: “We are pleased to have secured this incredible achievement and I am proud of the team for working so hard to position BCRS Business Loans as a trailblazer in our sector.

“We believe in supporting smaller businesses access the finance they need and have always been committed to providing excellent customer service. We are the first in the UK to be awarded this Code of Good Conduct and the fifth lender in the whole of Europe.”

BCRS Business Loans aims to leave no viable business unsupported by supporting those that are unable to access finance from traditional lenders. Providing loans from £10,000 to £150,000, the not-for-profit lender supports most market sectors and, since 2002, has lent £34.7 million to over 1,120 businesses.

Neena Gill, Labour MEP for the West Midlands said: “The European Commission introduced the Code of Good Conduct for Microcredit Provision to ensure transparent and open provision of small loans to small businesses. BCRS has been a recipient of European Regional Development Funding to make small business loans in the West Midlands. I am delighted that BCRS passed the Code with flying colours”.

To discover more about BCRS Business Loans or to submit a fast-track enquiry form, you can visit bcrs.org.uk or call 0345 313 8410.

 

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BCRS Business Loans Limited is a registered society, number 29393R, under the
Co-operative and Community Benefits Societies Act 2014. We are authorised and regulated
by the Financial Conduct Authority (FCA), Firm Reference Number 722855.
For more details, please contact the FCA at register.fca.org.uk or on 0800 111 6768.
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