Marking 15 years of Small Business Lending, BFS Capital has Extended Over $1.7 Billion in Financing to Businesses across the US, UK and Canada
Over 75 percent of originations have occurred in the last five years; more than 25 percent took place in the last 18 months, including a record-high $300 million forecasted for 2017
Coral Springs, Florida, December 07, 2017
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.
“The past 15 years have been truly remarkable. Across multiple economic cycles, we’ve built a repeatable, sustainable model in the US and Canada. Boost Capital—celebrating its five-year anniversary—has become a high-performing financing platform for the UK’s small business market,” said Michael Marrache, CEO, BFS Capital. “We’ve stopped thinking about ourselves as an alternative finance provider. Rather, we aim to be the central financing partner for our customers. Both our new and renewal originations provide continued evidence that we’re on track with our customer-centric ambitions.”
BFS Capital was initially created to provide alternative financing to growing small businesses underserved by banks. Today, the company supports nearly 20,000 businesses across 400 industries as their primary provider of financing from $5,000 to $500,000. In 2017, BFS Capital also extended its efforts into data science and machine learning to improve risk profiling and process efficiencies.
About BFS Capital
BFS Capital champions the long-term growth and prosperity of small businesses by providing timely, flexible financing solutions. BFS Capital’s leading small business financing platform leverages customized underwriting and proprietary algorithms to fund businesses in all 50 states and Canada, and through its affiliate, Boost Capital, in the United Kingdom. Since 2002, BFS Capital has provided more than $1.7 billion in total financing to small businesses across more than 400 industries. Headquartered in South Florida with offices in New York, California and the United Kingdom, BFS Capital is an accredited BBB company with an A+ rating. Respondents to Trust Pilot score BFS Capital with a 5-Star rating. For more, please visit www.BFSCapital.com (US, Canada) and www.BoostCapital.co.uk (UK).