Press Releases and Announcements



BFS Capital Appoints Michael Marrache as CEO

August 2017

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 Surpasses $1.5 Billion in Financing to Over 18,000 Merchants

April 2017

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.


Boost Capital secures new £15m credit line to meet small business loan demand in UK

December 2016

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 Appoints Michael Marrache as President

September 2016

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 Announces New $165 Million Credit Line

February 2016

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.”


BFS Capital Inc. Announces Confidential Submission of Draft Registration Statement for Proposed Initial Public Offering

September 2015

BFS Capital Inc., formerly known as Business Financial Services, Inc., today announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of its common stock.


Business Financial Services Rebrands as BFS Capital

September 2015

Business Financial Services, Inc., a leading technology-enabled small business financing platform, announced today that it has rebranded as BFS Capital and launched a new website, www.bfscapital.com. As part of this rebranding, the company has also unified its North American business affiliates.


Business Financial Services Acquires Entrust Merchant Solutions

August 2015

Business Financial Services, Inc. (“BFS”), a leading technology-enabled small business financing platform, announced today that it has acquired Entrust Merchant Solutions (“Entrust”), an independent sales organization providing financing solutions for small businesses.


Business Financial Services Hits $1 Billion in Small Business Financing

July 2015

Business Financial Services and its family of companies (BFS), a leading technology-enabled small business financing platform, today crossed the $1 billion milestone in total financings to small businesses.


Business Financial Services Announces $125 Million Credit Line Extension

August 2014

Business Financial Services, Inc. announced a $125 million credit line with Wells Fargo Capital Finance, a part of Wells Fargo & Company (NYSE: WFC). The new credit line is an increase from the existing $82 million credit line that the company announced last year.


Marc Glazer Named Ernst & Young Entrepreneur of The Year Finalist

May 2013

Business Financial Services, Inc. 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.


Business Financial Services Expands Business Loan Product to All 50 States

May 2013

Business Financial Services, Inc. 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.


Business Financial Services Announces $82 Million Credit Line to Fund Small Businesses

April 2013

Business Financial Services, Inc. announced a new $82 million credit line provided by Wells Fargo Capital Finance, part of Wells Fargo & Company (NYSE: WFC). The new credit facility bolsters the Company’s ability to serve small business owners throughout the United States, and through affiliates in Canada and the United Kingdom.