Commercial Ipass Direct Lender Loans Breaks RLS £ 2.5 Million Milestone | Midlands Offers News

A Wolverhampton-based alternative commercial Ipass direct lender loans has passed the £ 2.5million mark for funding provided through the Recovery Loan Scheme (RLS).

BCRS Business Loans has confirmed that it has provided over £ 2.5million to 37 companies in the West Midlands via RLS.

The program, administered on behalf of the government by the British Business Bank, is designed to support the growth and recovery of businesses that have been affected by Covid-19.

Funding provided by BCRS Business Loans has also helped protect over 400 jobs and create 145 additional jobs.

Chief Executive Officer Stephen Deakin said, “We understand that small businesses are the backbone of our economy and therefore we are committed to providing the funding needed to support their growth and recovery from the pandemic.

“As a nonprofit lender, we are able to take a people approach to lending, where we base our decisions on the strength of the business itself rather than on computerized credit scores Ipass direct lender loans"}” data-sheets-userformat=”{"2":513,"3":{"1":0},"12":0}”>Ipass direct lender loans

“We are proud to have supported businesses that have not been able to access financing from traditional lenders for over 19 years. -closed the Coronavirus Business Interruption Loan Program (CBILS). ”