Press releases, news mentions and more
At BFS Capital, we’ve been helping small businesses grow and prosper since 2002. We’ve been praised for helping small and mid-sized businesses across all industries that have been underserved by banks and other traditional lending institutions.
Our media room lets you keep on top of our latest happenings including our press releases, company news and mentions in local and national media outlets.
BFS Capital Inc., a leading small business financing company, announced that it has appointed Michael Marrache as Chief Executive Officer to succeed outgoing CEO and co-founder Marc Glazer. Named President in September 2016, Marrache previously served for more than three years as the company’s Chief Operating Officer. He also will join the company’s Board of Directors. Marc Glazer will continue to serve as Chairman of the BFS Capital Board.
BFS Capital, a leading small business financing platform, today announced it has extended more than $1.5 billion in financing to businesses across the United States, Canada and through affiliate Boost Capital in the United Kingdom.
An extra £15 million ($20 million) will now be available to UK small businesses as alternative business lender Boost Capital, a subsidiary of US-based BFS Capital Inc., a leading small business financing platform, has secured a new credit line from Atalaya Capital Management. Boost Capital has helped British businesses across a range of sectors achieve their growth ambitions since 2012. The funding line will enable the Company to support more businesses with their plans to grow.
BFS Capital Inc., a leading small business financing platform, today announced a new phase in the company’s operational strategy with the appointment of Michael Marrache as President. The company’s board of directors created the role for Marrache following his three years as Chief Operating Officer.
BFS Capital Inc., one of the leading small business financing platforms, today announced that the company has entered into a $165 million Amended and Restated Loan and Security Agreement with Wells Fargo Capital Finance as administrative agent. “We are very pleased with this deal, which reinforces our strong relationship with our banking partners,” said Marc Glazer, Co-Founder and CEO of BFS Capital. “The improved and expanded credit line boosts our funding capabilities to meet increasing demands of small businesses across diverse sectors.”
Marc Glazer co-founded BFS Capital in the early 2000s and has remained at the helm all this time – until now. Glazer has passed the torch over to Michael Marrache, effective last week. He isn’t going too far, as the former chief executive will remain chairman of the board working alongside Marrache on the next chapter for the MCA and small business lending company. Meanwhile, the executive pair points to a future not only where there is sustainability but where there is growth.
According to the U.S. Census Bureau, 99.7% of American businesses are classified as small—consisting of 500 or fewer employees. When narrowed down to those with 20 or fewer workers, the figure still stands at a still-overwhelming 89.9%.
Good news for 2016: the construction sector is on the upswing. Data from BFS Capital, a small business lender, shows that demand for small business loans is at an all-time high among construction companies. BFS lent $48.8 million to construction companies through Nov 30, 2015.
Debt payment is an unavoidable part of almost every business owner’s daily life. But if handled responsibly, those payments need not be a burden. At BFS Capital, we always encourage our small business customers to talk with their lending provider to figure out a payment schedule that makes sense for them.
BFS Capital, formerly Business Financial Services, is a small business lender that has been around since 2002. They recently filed with the SEC for a confidential IPO and so I wanted to learn more about them.