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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.
Founded in 2002, BFS Capital first crested $1.0 billion in financings in July 2015. Since then, the number of small businesses and merchants using BFS Capital has grown by more than 33 percent from nearly 13,500 customers as of July 2015 to over 18,000 today.
“This financing confirms the sustained demand among small businesses and merchants for BFS Capital financing solutions,” said Michael Marrache, President, BFS Capital and head of the executive leadership team in the U.S. and internationally. “We’ve experienced great momentum in loan portfolio growth both in new and repeat customer business. These results are a testament of our sustainable business model.”
Mr. Marrache added: “Today’s news also underscores the success of the pivotal relationships we’re building with many independent organizations that provide small businesses and merchants with essential services. Together, we’re working to help businesses address their capital requirements and provide them with innovative solutions and services.”
For more information, visit: www.bfscapital.com.
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 $1.5 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.