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 other 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.
May 22, 2013
Glazer, Business Financial Services CEO, nominated as Florida financial services finalist for Entrepreneur of The Year
Business Financial Services, Inc. (BFS) is pleased to announce that President and CEO Marc Glazer has been named a finalist in the Ernst & Young Entrepreneur Of The Year 2013 awards program. Glazer, who co-founded BFS in 2002, is a finalist in the competition’s financial services category in the Florida market.
A serial entrepreneur, Glazer has transformed BFS from an online small business portal to a leading specialty finance company with more than 100 employees. Under his leadership, BFS has become one of the country’s largest providers of working capital to small and medium-size businesses in all 50 states. The company has recently expanded into the United Kingdom and Canada.
“It is an honor to be recognized by the Ernst & Young program,” Glazer said. “I have a real affinity for these prestigious awards because our company is all about supporting the entrepreneurial spirit. BFS has been built on a commitment to provide much-needed capital for business owners to grow their companies, create jobs and contribute to the overall economy.”
Ernst & Young Entrepreneur of the Year, now in its 27th year, recognizes the country’s leading entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities. Award winners will be announced at a gala event at the Fontainebleau Miami Beach on June 13, 2013.
“These finalists were selected from nearly 80 nominations by a panel of independent judges,” said Greg Rosica, Ernst & Young Entrepreneur Of The Year Florida program partner. “Collectively, these finalists grew their employment by 18 percent and their revenues by nearly 36 percent between 2010 and 2012.”
About Business Financial Services
Business Financial Services, Inc. (BFS) is a leading specialty finance company providing short-term business loans and merchant cash advances to owners of small and medium-size businesses. Founded in 2002, with headquarters in South Florida and supported by private equity and institutional partners, BFS serves businesses in all 50 states and, through affiliates, in Canada and the United Kingdom. BFS is proud to be an accredited BBB company with an A+ rating. Visit the BFS website at www.bfscapital.com. In the U.K., see www.boostcapital.co.uk.
About Ernst & Young
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, the firm’s 167,000 people are united by shared values and an unwavering commitment to quality. The company makes a difference by helping its people, clients and wider communities achieve their potential.
Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about the organization, please visit www.ey.com.
About Ernst & Young Entrepreneur Of The Year®
Ernst & Young Entrepreneur Of The Year is the world’s most prestigious business award for entrepreneurs. The unique award makes a difference through the way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 140 cities in more than 50 countries.
May 7, 2013
Tight Bank Credit for Small Businesses Creates High Demand for Alternative Financing Solutions
Business Financial Services, Inc. (BFS), a leading specialty finance company providing working capital to small business owners since 2002, announced that it has expanded its business loan product to all 50 states. Additionally, the company recently announced a new $82 million credit facility provided by Wells Fargo Capital Finance, part of Wells Fargo & Company (NYSE: WFC), to facilitate the expansion and increasing demand for capital.
BFS has grown into one of the largest specialty finance companies by providing merchant cash advances and, more recently, business loans. With the business loan expansion to all 50 states, BFS can now assist the underserved business community with quick funding solutions that can be used for virtually any business need.
“Over the last 11 years, Business Financial Services has focused on providing business owners with the working capital necessary to meet their business needs and take advantage of opportunities to grow their companies,” said Marc Glazer, CEO and co-founder of the company. “With our increased credit line and expanded reach with our business loan product, we are well positioned to fund more businesses in a broader range of industries all across the country.”
Financial solutions from BFS can be tailored to the specific needs of a business with both fixed and flexible repayment options. Further, a business can get financing from $4,000 to $2,000,000 in as few as two business days – much quicker than any bank.
“Our financing solutions fill a critical gap in today’s economy,” he continued. “Many small and medium-size businesses are simply not well served by traditional banks with their tight lending restrictions and requirements. In the past, such businesses might have had lines of credit, inventory loans, SBA loans, or traditional loans. Today, those sources are too often unavailable, too slow or too inflexible to meet their needs. Unlike a traditional small business loan, obtaining funds from Business Financial Services is fast, simple and hassle-free. And we have the financial resources to fund all qualified applicants.”
View a video of Marc Glazer discussing small business financing solutions from Business Financial Services.
About Business Financial Services
Business Financial Services, Inc. (BFS) is a leading specialty finance company providing short term loans and cash advances to owners of small and medium-size businesses. Founded in 2002 with headquarters in South Florida and supported by private equity and institutional partners, BFS serves businesses in all 50 states and, through affiliates, in Canada and the United Kingdom. BFS is proud to be an accredited BBB company with an A+ rating. Visit the BFS website at www.bfscapital.com. In the U.K., see www.boostcapital.co.uk.
About Wells Fargo Capital Finance
Wells Fargo Capital Finance is the trade name for certain asset-based lending, accounts receivable and purchase order finance services of Wells Fargo & Company and its subsidiaries, and provides traditional asset-based lending, specialized senior secured financing, accounts receivable financing and purchase order financing to companies across the United States and Canada. Dedicated teams within Wells Fargo Capital Finance provide financing solutions for companies in specific industries such as retail, software publishing and high-technology, commercial finance, staffing, government contracting, timeshare development and others. For more information, visit wellsfargocapitalfinance.com.