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.
“Over the last three years Michael has done a tremendous job enhancing operations, creating process efficiencies and driving loan portfolio growth” said Marc Glazer, founder, CEO and Chairman of BFS Capital. “In his new role, Michael will be responsible for the company’s strategic direction, both domestically and internationally, and will position us to aggressively grow our business solutions to meet the financing needs of small businesses.”
Mr. Glazer added: “As President, Michael will build a team that will work together to execute a long-term strategic plan to guide the company’s future, with a focus on increasing originations, strengthening independent sales organization partnerships and improving the customer experience for small businesses that are seeking financing.”
“As demand for small business financing grows, our highest priority is to be a trusted resource and partner to service providers and small businesses” says Michael Marrache, President, BFS Capital. “I’m honored to lead the company in its next phase of growth as we build on our operational success and continue to serve the diverse financing needs of our customers.”
Prior to joining BFS Capital, Marrache served as Principal at the management consulting firm Riverdrive Consulting, where he advised companies on operational excellence, go-to-market strategy and information systems. Previously, he served as Senior Vice President of Global Enterprise Solutions at CGS, leading a global team to develop, market and deliver strategic consulting and IT outsourcing solutions to Fortune 100 enterprises.
Mr. Glazer will continue in his dual role as Chairman of the Board and Chief Executive Officer of BFS Capital, overseeing all aspects of the company’s financial and business strategies.
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 $1.3 billion in total financing to more than 16,000 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.