BCRS Business Loans, one of the leading non-bank lenders in the West Midlands, is celebrating after hitting a lending milestone of £20million to West Midlands based SME’s who have found it difficult to access finance.
The BCRS loan fund was designed to meet the needs of businesses that are unable to get loans from traditional sources such as the 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 £100,000.
Established 12 years ago, BCRS has witnessed an increased demand for their services which subsequently peaked in 2013 when the West Midlands based team saw an increase in business lending of over 40%.
“We are very proud to be in this position”, said Paul Kalinauckas, BCRS Chief Executive.
“The past few years have been fantastic for BCRS and no doubt for the SME’s that we were able to help. As the UK continues to forge its way out of the recession we expect there will be a growing demand from West Midlands based SME’s who require help with accessing the finance they need for their businesses and with our help they can grow and prosper”.
The BCRS model is of an approachable lender that assesses each can i buy antibiotics over the counter individual case on its own merits. We operate very much with a traditional lending ethos rather than impersonal computerised credit scoring and our Business Development Managers will go out and visit a business to learn more about them and how we can help.
BCRS understand that getting business finance can sometimes be a problem and we want to do everything we can to meet that demand for loans. Not only does it mean that a business can flourish with our help but also create jobs and contribute to the social and economic well-being of the area.
“We are all about impact! With over 1440 jobs created, over 2700 secured to date and thus 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