BCRS Business Loans is delighted to be able to offer its support to viable, post-revenue start-up businesses operating in the West Midlands.
This has been made possible after the financial institution was confirmed as manager of the West Midlands Small Business Loans fund for the Midlands Engine Investment Fund. As part of this commitment, BCRS Business Loans have been allocated £17 million to support the growth of start-up and existing businesses.
The fund can support businesses that have been registered for less than 1 year. The start-up business should already be producing revenue (post-revenue) or have signed contracts in place that show revenue is imminent. The fund is unable to support businesses that are pre-revenue or still in primary stages of development.
The fund includes loans ranging from £25,000 to £150,000 for businesses in the West Midlands, to support businesses that are unable to access finance from traditional lenders. There are no early repayment fees.
A list of the loan fund criteria can be found on the business loans flyer here. To discuss the fund criteria in more detail, contact BCRS Business Loans on 0345 313 8410.
Businesses can apply for a loan by submitting a fast-track online enquiry form, visit the BCRS website.