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news & events / Over £39 million lent to local businesses

06
Jun 18

Over £39 million lent to local businesses

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BCRS Business Loans has now delivered over £39 million to local SMEs.

BCRS Business Loans, established in 2002, has now lent over £39 million to West Midlands based businesses that are unable to access finance from traditional lenders, as the not-for-profit organisation continues with its commitment to leave no viable business unsupported.

To support the growth of local SMEs, BCRS provides business loans from £10,000 to £150,000, which can be used for a wide range of projects, including working capital, purchasing equipment, recruitment, marketing and much more.

Paul Kalinauckas, Chief Executive of BCRS Business Loans, said:

“The demand for finance from BCRS Business Loans has increased exponentially in recent years and demonstrates the importance of our sector in supporting growing businesses.

“As a lender of impact, it is not just the £39 million of lending that we are incredibly proud of, it is also the number of jobs that have been both created and safeguarded as a result of our belief and support, which currently stands at over 8,597 jobs.

“We believe in local businesses and appreciate how important they are to the prosperity of our local economy. We understand that getting business finance can sometimes be a problem. Lack of track record, unreasonable security arrangements, past financial problems or simply not meeting conventional credit scoring methods may be hindering the process.

“With a relationship-based approach to lending, we genuinely love helping small businesses achieve their goals,” concluded Paul.

Any Midlands based business can expect a fast response when they apply for a loan either by contacting 0345 313 8410 or by submitting an enquiry form at www.bcrs.org.uk

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BCRS Business Loans Limited is a registered society, number 29393R, under the
Co-operative and Community Benefits Societies Act 2014. We are authorised and regulated
by the Financial Conduct Authority (FCA), Firm Reference Number 722855.
For more details, please contact the FCA at register.fca.org.uk or on 0800 111 6768.
Copyright BCRS 2016 | All rights reserved