Wolverhampton-based BCRS Business Loans is in the running for the Community Lender of the Year award at the 2024 Commercial Lender Awards, organised by the National Association of Commercial Finance Brokers (NACFB).
Recognising and honouring lending excellence within the industry, the NACFB encourages members to enter the annual awards to “showcase their exceptional talents and the positive impact they have on the brokers and businesses they serve”.
The awards shortlist, determined by an independent panel of judges with knowledge of the commercial finance industry, was decided after more than 300 entries were submitted.
The Community Lender of the Year award celebrates “lenders that have embraced ethical, socially responsible lending as a force for positive change”.
The next step in the process saw NACFB Member brokers vote to select the winners in each category, to be announced at an awards ceremony at London’s Westminster Park Plaza on November 28, hosted this year by TV presenter Kirsty Gallacher.
BCRS Business Loans chief executive Stephen Deakin said: “We are delighted to be named a finalist for Community Lender of the Year at the NACFB’s 2024 Commercial Lender Awards.
"Being judged by experts in lending to be among the companies bringing positive change is a validation of the team’s hard work so it means a great deal to make the final shortlist.
“We look forward to joining lenders from across the industry in celebrating the success stories of our industry and the impact we make collectively.”
BCRS Business Loans provides funding to businesses that are struggling to access finance from traditional lenders.
Businesses can secure loans from between £10,000 to £250,000 to support growth and recovery plans, adding almost £30m in value to the economy through funding delivered in the last financial year, according to recent figures.
BCRS Business Loans, which works across the West Midlands, surrounding areas and Wales helping SMEs unable to access finance from traditional sources, supported 72 businesses, safeguarding 675 jobs and creating 186 roles, according to the impact report.
