BFS Capital’s Into Money: Extends Over $1.7 Billion to SMEs Since 2002

Marking its 15th anniversary year, BFS Capital, a small business financing platform, has 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. Business Financial Services, Inc. rebranded as BFS Capital in 2015.

“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,” BFS Capital CEO Michael Marrache. “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.”

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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.

Website Best Company suggested improvement needed for BFS, citing the website’s lack of transparency with interest rates, prepayment penalties, origination fees, closing fees and lacking loan calculator:

“While there are clearly some great things about the BFS Capital, there are also a lot of things missing from BFS Capital’s website. It’s true that many lenders don’t offer all their rates and information on their site, but there are definitely other lenders that offer more information. Things that would be important to know for potential buyers are missing from the website completely.”

BFS Capital leverages customized underwriting and proprietary algorithms to fund businesses in all 50 states and Canada, and through its UK affiliate, Boost Capital.

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