Business Financial Services, Inc. Expands Business Loan Product to All 50 States, Increases Credit Line Tight Bank Credit for Small Businesses Creates High Demand for Alternative Financing Solutions
CORAL SPRINGS, Fla., May 7, 2013 /PRNewswire/ -- Business Financial Services, Inc. (BFS), a leading specialty finance company providing working capital to small business owners since 2002, 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.
BFS has grown into one of the largest specialty finance companies by providing merchant cash advances and, more recently, business loans. With the loan expansion to all 50 states, BFS can now assist the underserved business community with quick funding solutions that can be used for virtually any business need.
"Over the last 11 years, Business Financial Services has focused on providing business owners with the capital necessary to meet their business needs and take advantage of opportunities to grow their companies," said Marc Glazer, CEO and co-founder of the company. "With our increased credit line and expanded reach with our business loan product, we are well positioned to fund more businesses in a broader range of industries all across the country."
Financial solutions from BFS can be tailored to the specific needs of a business with both fixed and flexible repayment options. Further, a business can get financing from $4,000 to $2,000,000 in as few as five business days – much quicker than any bank.
"Our financing solutions fill a critical gap in today's economy," he continued. "Many small and medium-size businesses are simply not well served by traditional banks with their tight lending restrictions and requirements. In the past, such businesses might have had lines of credit, inventory loans, SBA loans, or traditional loans. Today, those sources are too often unavailable, too slow or too inflexible to meet their needs. Unlike a traditional small business loan, obtaining funds from Business Financial Services is fast, simple and hassle-free. And we have the financial resources to fund all qualified applicants."
View a video of Marc Glazer discussing small business financing solutions from Business Financial Services.
Find the news release at: http://www.businessfinancialservices.com/press-room/bfs-expands-business-loans-all-50-states/
About Business Financial Services
Business Financial Services, Inc. is a leading specialty finance company providing short term loans and cash advances to owners of small and medium-size businesses. Founded in 2002 with headquarters in South Florida and supported by private equity and institutional partners, BFS serves businesses in all 50 states and Puerto Rico, and through affiliates, in Canada and the United Kingdom. BFS is proud to be an accredited BBB company with an A+ rating. Visit the BFS website at www.businessfinancialservices.com. In the U.K., see www.boostcapital.co.uk
About Wells Fargo Capital Finance
Wells Fargo Capital Finance is the trade name for certain asset-based lending, accounts receivable and purchase order finance services of Wells Fargo & Company and its subsidiaries, and provides traditional asset-based lending, specialized senior secured financing, accounts receivable financing and purchase order financing to companies across the United States and Canada. Dedicated teams within Wells Fargo Capital Finance provide financing solutions for companies in specific industries such as retail, software publishing and high-technology, commercial finance, staffing, government contracting, timeshare development and others. For more information, visit wellsfargocapitalfinance.com
SOURCE Business Financial Services, Inc.