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Initial Application Form

Make your growth plans a reality by kick-starting your loan process with BCRS Business Loans in just two minutes.

We think differently about business finance, offering loans from £10,000 – £150,000 to businesses based across the West Midlands and Wales*.

Submitting this form will give us a general indication of your eligibility for a loan. If we can progress your loan application, you will be contacted by a Lending Manager to discuss your application and we will require a full application form and supporting information to make a final lending decision.

Let’s start with the basics

Please read through our basic criteria and confirm you are eligible by ticking the box below.

✔ Is your business based within the West Midlands region of England or Wales?

(For clarification on our areas of coverage, click here)

✔ Are you looking to borrow between £10,000 and £150,000?

✔ Has your business been trading for at least six months?

✔ Is the business’ annual turnover less than £45 million?

✔ Can evidence be provided to demonstrate that the business can afford the loan requested?

We will require:

The last 3 years accounts

Up-to-date management accounts, including profit & loss and balance sheet

A 12-month cashflow forecast

✔ The loan facility will be primarily used to support trading in the UK?

✔ Do the business directors have clean personal credit histories? (i.e., no CCJs / IVAs / bankruptcies). Full credit reports for all directors and shareholders with over 25% shareholding will be required

✔ The business bank account does not show multiple returns or unpaid items. We will require you to complete AccountScore registration so we can view your bank transactions.

✔ The business does not have any Time to Pay arrangements prior to February 2020?