We believe in local business. We believe in you!
We think differently about business finance here at BCRS Business Loans.
We are committed to supporting businesses across the West Midlands and Wales that are looking to grow and prosper but have been turned down by traditional lenders. If you don’t tick all of the boxes at other lenders, we are here to help with business loans available from £10,000 to £250,000.
Every business is different, so we start with you and your potential.
We understand that the past few years have been incredibly difficult for many businesses, which is why we pledged our unequivocal support to businesses during the pandemic and as such experienced a record year of lending.
BCRS Business Loans is a delivery partner for a range of regionally significant funds such as the Midlands Engine Investment Fund (MEIF) and the Community Investment Enterprise Facility (CIEF) – both of which aim to improve the availability of finance for businesses across the West Midlands and Wales as they recover and grow following the pandemic.
We have produced a range of checklists, top tips and blog content to help make the loan process easier.
Because BCRS Business Loans is a non-profit organisation, we can take a human approach to business finance where we base our decision on you and your business, not a computerised credit score.
We are proud to be a relationship-based lender that offers hands-on support throughout the loan application process. You will be assigned an experienced Lending Manager as your dedicated point of contact, who will guide you through the application process to make it a stress-free experience; allowing you to focus on what you do best – running your business.
As a responsible lender, we will require up-to-date management accounts (including a profit & loss and balance sheet), a 12-month cashflow forecast and the last three years’ accounts (or as long as available if trading less than three years) amongst other information.
In terms of security, a Debenture is taken in all cases, a Personal Guarantee may be required in some circumstances and we can also assess if your application is eligible for the Recovery Loan Scheme (RLS) guarantee.
However, if for any reason we are unable to support your loan application, it’s not the end of the road. Our experienced team have relationships with a range of funders and will suggest a range of alternative lenders to ensure you get the funding you need to grow and prosper.
Not only do we have specific policies in place to treat customers fairly as part of being regulated by the Financial Conduct Authority (FCA), but it is woven into our culture. Our mission is to:
As a responsible lender, BCRS is committed to treating our customers fairly by personifying the following key principles in all that we do, including:
BCRS Business Loans is proud to have been an accredited delivery partner for the British Business Bank (BBB) since 2012 delivering what was then known as the Enterprise Finance Guarantee (EFG) scheme.
After the successful delivery of our £17.4 million allocation, in 2017 we became a fund manager for the £17 million WM Small Business Loan Fund, part of the Midlands Engine Investment Fund (MEIF).
As the Coronavirus pandemic took hold in 2020 and the UK entered its first lockdown, BCRS Business Loans was one of the first lenders to go live as an accredited delivery partner for the Coronavirus Business Interruption Loan Scheme (CBILS) and went on to deliver over £16.4 million.
In 2021, BCRS was also announced as an accredited delivery partner for the Recovery Loan Scheme (RLS).
We also signpost businesses to BBB’s Finance Hub and the Institute of Chartered Accountants in England and Wales’ Business Finance Guide.
