BCRS Business Loans, one of the leading non-bank lenders, is celebrating after hitting a new monthly lending milestone of £920,000 to West Midlands based SMEs.
Established 13 years ago, BCRS Business Loans was created to meet the needs of businesses that are unable to get loans from traditional sources such as banks. Its sole purpose is to provide access to finance to enable businesses to grow and prosper by providing loans ranging from £10,000 to £150,000.
Commenting on the record month of lending, Paul Kalinauckas, Chief Executive of BCRS, said: “June’s results reflect the success of BCRS and how we endeavour to bridge the lending gap. There is an ever-growing demand for non-bank funding by SMEs, as well as requests for larger amounts. We expect to grow our lending by over 30% this year.
“SMEs in the West Midlands are now increasing in confidence and wanting to look at their growth prospects. We want those businesses to be assured that BCRS believe in what they do and that we are here to support them”.
The BCRS model is of an approachable lender that assesses each individual case on its own merits. The not for profit lender operates very much with a traditional lending ethos rather than impersonal computerised credit scoring. The BCRS Business Development & lending Managers will go out and visit a business to learn more about them and ascertain how BCRS can help.
BCRS understand that getting business finance can sometimes be a problem and want to meet that demand for loans. Not only does it mean that a business can flourish but also create jobs and contribute to the social and economic well-being of the area.
“We are all about impact! With over 1700 jobs created, over 3400 secured to date and in 2014 alone contributing over £60 million to the West Midlands economy through our delivery of business loans – we are determined to keep working hard and help as many SME’s as possible”, concludes Paul.
A BCRS loan can be used for a wide range of projects including expansion, purchasing equipment, recruitment and marketing. BCRS lend to most market sectors including construction, engineering, IT services, manufacturing, service providers and wholesalers.
Any West Midlands based business can expect a fast response when they apply for a loan either by contacting 0845 313 8410 or going online at www.bcrs.org.uk