The £17m fund is being managed by Wolverhampton company BCRS Small Business Loans West Midlands, whose motto is: “No viable business should go unsupported”. The loans are financially backed by the European Regional Development Fund and are designed to help businesses that are unable to access finance from traditional lenders, such as banks. BCRS takes a relationship-based approach to lending, and there are no early repayment fees.
To be eligible, businesses must be based in the West Midlands, have been registered for less than a year and already be producing revenue, or have contracts in place to show that revenue is imminent.
If you would like more information, call BCRS on 0345 313 8410 or email email@example.com.
To find out how Think Sandwell can help your start-up business find its feet, visit our business services pages.