In the news

Hurricane Florence News Release

September 2018

We understand that business in affected areas might be experiencing a major hardship at this moment and hope everyone remains safe and secure. For customers who have been affected by Hurricane Florence in North Carolina, South Carolina, Virginia, and Georgia: If assistance is needed, please do not hesitate to contact us. We are standing by ready to assist you. Please call us at 877-411-6691 Monday through Friday 9AM to 6PM Eastern Standard Time with any questions or to discuss any issues that may be affecting your account. Our thoughts and prayers are with everyone impacted in any way by this storm and its aftermath.

BFS Capital’s Marrache on Canadian Small Business Landscape

January 2018

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.

Why BFS Capital’s Glazer Is Passing the Torch (deBanked)

August 2017

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.

The Power of Small: Small businesses have new sources of credit (Stores Magazine)

January 2016

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%.

Construction Industry Jumps in Small Business (Commercial Construction & Renovation)

December 2015

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.

Tips for Small Business Owners on How to Keep Up with Debt Payments (AltFi Funding)

November 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.

Interview with the CEO of BFS Capital (Lend Academy)

November 2015

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.

Pros and cons of scaling your small business (Bankless Times)

October 2015

Every small business owner wants to run a successful business. But the more ambitious ones dream of one day expanding beyond one location and a handful of employees. Whether it’s selling in new markets, developing new products or opening up additional locations, scaling a business is not a decision that should be made lightly.

Winter storms slam online sales, too

February 2014

Small business loan applications have increased 60 percent in the past six weeks when compared to last year, at least half of which are weather-related.

With Credit for Businesses Tight, Nonbank Lenders Offer Financing

January 2014

Even with the economy on the mend, the alternative financing industry continues to grow, debunking the notion that small businesses are able to secure capital from the banks. In fact, Marc Glazer, chief executive of Business Financial Services, estimates about two dozen nonbank lenders lent approximately $3 billion collectively last year, double the 2012 total. These short-term lenders want to become the go-to financiers for business owners in need of quick cash.

Coral Springs firm offers loans to mom and pops

September 2013

Business Financial Services helps small- and mid-sized companies that are growing and have a rising cash flow, but don’t have the assets or longevity in business to be approved for bank loans.

New Financing Alternative is Not Just for Small Businesses Anymore

August 2013

Some not-so-small businesses are choosing financing options originally designed to assist Main Street USA.

Alternative financing for restaurants goes mainstream

July 2013

Banks may not be eager to make short-term loans to independent operators, but other sources of operating capital are ready to start cutting checks.

Are You Running Your Business with the Right Appetite for Risk?

July 2013

Anyone who has owned or operated a business knows that playing it safe usually doesn’t pay off. Creating an effective risk-reward strategy unique to your business can be critical to long-term success.

Filling the Bank Credit Gap

July 2013

With almost half of all small loan applications to smaller banks being rejected and 83 percent of loan applications denied at larger banks, alternative lenders like Business Financial Services have stepped up to fill the bank credit gap.

Ernst & Young Announces Entrepreneur Of The Year(R) 2013 Finalists in Florida

May 2013

Ernst & Young announced the finalists for the Entrepreneur Of The Year 2013 Award in Florida. Marc Glazer, President and CEO of Business Financial Services, was among the finalists.

Healthier small business borrowers seen in 2013

March 2013

Marc Glazer, President and CEO of Business Financial Services, sat down with Bob Coleman of the Coleman Report to discuss the optimistic outlook of small business borrowers in 2013.

Recent deals point to gradual thawing in frozen credit

March 2013

The inability to garner capital to refinance operations, grow brands or remodel existing locations remains the norm for most restaurant operators, but recent deals involving both big and small players offer some optimistic success stories for those seeking capital.