We’ll support your application and signpost other options if needed
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.