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?