CORAL SPRINGS, Fla.–(BUSINESS WIRE)– Business Financial Services, Inc. and its family of companies (BFS), a.
leading technology-enabled little company funding platform, today.
crossed the $1 billion milestone in total financings to small companies.
“This milestone is indicative of how much need there is for working.
capital among little businessessmall companies, the foundation of the United States economy,” stated.
Marc Glazer, CEO and co-founder of BFS. “We pride ourselves on being.
long-term partners to these companies, offering capital to assist.
preserve steady development, while never over-funding and putting undue.
anxiety on company owners.”.
Nearly half of the $1 billion was funded in just the previous two years,.
with certain locations of need developing from businesses in retail,.
restaurant and hospitality, production, transportation, professional.
services and healthcare sectors. The typical funding amount likewise.
progressively increased based on offering capital to bigger businesses, as.
well as those in high growth mode. In April 2015, BFS extended its.
credit line with its bank group led by Wells Fargo Bank, NA to support.
this enhanced demand.
“We are delighted to reach this milestone, as it is sustained by our capability.
to fulfill the funding needs of so numerousmany companies of various sizes.
across more than 400 markets,” stated Glazer. “And with a high.
percentage of our customers restoring with us, and doing this at greater.
amounts, we are well-positioned for continued growth.”.
BFS provides financing options from $4,000 to $2 million to little.
companies in all 50 states, along with in Canada and the Uk.
About Company Financial Services.
Business Financial Services, Inc. is a leading technology-enabled small.
company financing platform supplying short-term company.
loans and merchant.
cashcash loan to owners of little companies. Founded in 2002, with.
head office in South Florida and supported by personal equity and.
institutional partners, BFS serves companies in all 50 states and.
through affiliates in Canada and the United Kingdom. BFS is proud to be.
a certified BBB company with an A+ score. Check out the BFS site atÃ¯Â¿Â½www.businessfinancialservices.com. In the UK, see www.boostcapital.co.uk.