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 has received a new $175 million revolving credit line provided by funds managed by Ares Management, L.P. BFS Capital will use the new facility to accelerate the growth of its lending business, following a record year where the company generated more than $300 million in originations, a new annual high.
We’re thrilled to report that BFS Capital funded more than $300 million in originations in 2017 after previously forecasting the milestone in December. Our sustained focus on small businesses’ financing needs and our continued expansion across key geographies (US, Canada and UK) helped us achieve this new annual high.
Marking its 15th anniversary year, BFS Capital, a leading small business financing platform, announced it has now extended over $1.7 billion in financing since funding its first deal in 2002. The company also reported that over 75 percent of its originations have occurred in the last five years and more than 25 percent took place in the last 18 months. For full year 2017, BFS Capital expects to generate more than $300 million in originations, a new annual high.
Executives to discuss small business financing programs and trends; engage with Independent Sales Organizations and strategic partners
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.
It’s been about five months since Michael Marrache took the reins as CEO of BFS Capital. He spoke with us then about the company’s algorithmic solutions, ISO relationships and product pipeline. He recently took some time to talk with deBanked about the key themes in the Canadian market in 2018 – from minimum wage, to the impact of US tax reform on the Canadian economy, to ISO opportunities — and BFS Capital’s role there.
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.