BCRS founding chief executive retiring
The founding chief executive of Wolverhampton-based BCRS Businss Loans is to retire from the business at the end of this month.
Paul Kalinauckas has been with BRS for more than 17 years from being a start up to a market leader in the region for business loans.
He is continuing some public appointments external to BCRS as part of his plan for a phased retirement.
"We expect Paul’s energy and enthusiasm to be missed but he leaves us in a strong position. We will continue to grow the BCRS business and to continue our outstanding customer service for businesses needing loans," the company said.
"Our successful team have been readied for this change over recent years and we look forward to continuing to support our clients old and new."
Mr Kalinauckas said: "We have gone from start up to a robust business with a balance sheet of nearly £10 million. In that time we have lent over £50m to over 1,500 SMEs creating 10,000 jobs."
BCRS, established in 2202, supports the growth and prosperity of West Midlands based small medium-sized firms by offering loans from £10,000 to £150,000, with a relationship-based approach to lending and the added perk of no early repayment fees.
It is a co-operative business loan fund run on a non-profit distributing basis. It is owned and run by its member investors who elect representatives to the board of directors at each annual general meeting.
BCRS is committed to lending to viable businesses in the West Midlands that have been unable to secure funding through mainstream lenders.
BCRS employs a staff of 19 at its headquarters at Wolverhampton Science Park.
