Who we are
BCRS is a lender and manager of funds to provide access to finance for SME’s, through its Business Loan Funds.
What we do
BCRS provides business loans ranging from £10,000 to £150,000.
• We support small and medium sized business up to 250 employees
• Repayment period of 1 to 7 years
• No early repayment charges
To lend responsibly and with impact by meeting the demand from SME businesses unable to fully access finance from traditional sources.
Based on our co-operative values, to be a resilient and widely recognised participant in the landscape of SME business finance, positively impacting on the economic well-being of our local communities.
BCRS subscribes to the following values, which guide everything we do:
Professional, Responsible, Trustworthy, Integrity and Dynamic.
Principles for Business
A firm must conduct its business with integrity
Skill, care and diligence
A firm must conduct its business with due skill, care and diligence
Management and control
A firm must take reasonable care to organise and control its affairs responsibly and effectively, with adequate risk management
A firm must maintain adequate financial resources
A firm must observe proper standards of market conduct
A firm must pay due regard to the interests of its customers and treat them fairly
Communications with client
A firm must pay due regard to the information needs of its client, and communicate information to them in a way which is clear, fair and not misleading
Conflicts of interest
A firm must manage conflicts of interest fairly, both between itself and its customers and between a customer and another client
Relations with regulators
A firm must deal with its regulators in an open and cooperative way, and must disclose to the appropriate regulator anything relating to the firm of which that regulator would reasonably expect notice