Business Recovery Looking Positive But Dependent On Maintaining Low Interest Rates, Says CEO Of Business Lender

Stephen Deakin, Chief Executive - BCRS Business Loans
 
A West Midlands based lender believes that businesses across the region are now starting to focus on growth and recovery following a challenging year but warns that interest rates must remain low for this to be achievable and that CDFIs will continue to play a crucial role in delivering business finance.
Stephen Deakin stepped up to the helm of alternative lender and CDFI BCRS Business Loans in April 2020 during a period of intense uncertainty, just as the world was beginning to lock down and businesses were plunged into the unknown.
Although BCRS had been supporting businesses unable to access traditional finance for over 18 years at this point, nobody could have predicted how vital their offering would be during the pandemic – a time when many businesses were simply fighting to survive and many lenders were retreating into the shadows.
 

 
Thankfully for businesses across the West Midlands, BCRS, like many CDFIs ...