Eligibility Criteria

BCRS Business Loans is committed to supporting small businesses across the West Midlands and Wales that are unable to access finance from traditional lenders such as banks. Established as a non-profit lender, we understand that loans from £10,000 to £150,000 are vital in helping businesses like yours grow and prosper.

To be eligible for a loan with BCRS you MUST be able to answer ‘yes’ to all of the following criteria:

  • Are you looking to borrow between £10,000 and £150,000?
  • Is the business based within the West Midlands or Wales?
    (For clarification on our areas of coverage, please click here).
  • Is the annual business turnover less than £45 million?
  • Can evidence be provided to demonstrate that the business can afford the loan requested, such as:
    – the last 3 years accounts
    – up-to-date management accounts
    – a 12-month cashflow forecast
  • Is the annual business turnover less than £45 million?
  • The business bank account does not show multiple returns or unpaids.
  • The business does not have any Time to Pay arrangements prior to February 2020.
  • Does the business director(s) have a clean personal credit history?
    (i.e., no CCJs / IVAs / bankruptcies)