BCRS provides business loans ranging from £10,000 to £50,000 to meet the needs of West Midlands based businesses that are unable to get loans from traditional sources such as banks.
What is available from the Staffordshire Business Loan Fund?
- Affordable loans from £10,000 to £50,000 (credit subject to status)
- Unsecured (personal guarantee required from applicants in all cases)
- Receive funds in just two weeks (average loan process takes around two weeks dependent on how fast they receive all supporting information.)
- Applying doesn't affect your personal credit score
- Easy loan process with support from dedicated Lending Manager throughout
- No early repayment fees
Loans can cover a variety of purposes, including:
- Employing new staff
- Growth capital
- Premises expansion
- Purchasing stock
- Taking on new contracts
- Marketing and advertising
- Diversification
