BHG Owners Nominated For 2012 Ernst and Young's Entrepreneur of the Year Award

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Mar 20, 2012, 02:21 ET

SYRACUSE, N.Y., March 20, 2012 /PRNewswire/ -- Bankers Healthcare Group is pleased to announce that the three co-owners, Albert Crawford, Robert Castro and Eric Castro, have been nominated for Ernst and Young's Entrepreneur of the Year Award. The three managing partners have been recognized for their innovative business model and their persistent success in the tumultuous financing sector.

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Eric Castro responded, "I am proud of our company's success and appreciate the recognition of our hard work. We are a relatively small company in our sector, but we have earned big success because Robert, Albert and I respect each other's unique skill set. We have learned the value of allowing each partner to do what he does best."

Indeed, this dynamic trio create the ultimate entrepreneur: Crawford continuously crafts the vision that directs the company's path, Robert has the innate winning salesmanship to push the company forward and Eric possesses the operational prowess that keeps the ship on course. After their initial meeting, it became clear that the Castro's business experience in healthcare financing and Albert's experience in asset securitization could be joined in an innovative and profitable way and Bankers Healthcare Group was born.

Robert, Eric and Albert invested a modest $25,000 to get the business up and running. But for what they lacked in funds, they more than made up for by maximizing their respective areas of expertise and industry connections. The partnership and the fledgling company succeeded and generated $5,000,000 in loan sales during the first three months in business. Since then, BHG has originated, funded and placed nearly one billion dollars in medical loans at over 400 community banks across the nation.

Beverly Eha, program manager at Ernst & Young stated, "We're excited to have Bob and Eric Castro and Albert Crawford in the program. We believe that today, entrepreneurs are more important than ever. They make our community a better place by providing jobs, developing new products and services and encouraging economic development. We're pleased to have a diverse group of individuals that the judges will consider. The independent Judging Panel will base their decision on numerous criteria including vision, leadership, innovation, achievement, perseverance and the story behind the nominee's success."

Ernst and Young have been recognizing entrepreneurial achievements for over 25 years. The regional, national and international awards are earned by individual entrepreneurs who demonstrate vision, leadership, innovation, and perseverance in the face of adversity. Past award winners include Reid Hoffman and Jeff Weiner of LinkedIn, Howard W. Lutnick of Cantor Fitzgerald, and Tom Adams of Rosetta Stone.

About Bankers Healthcare Group, Inc.

Since 1992, Bankers Healthcare Group, Inc. has been providing working capital for healthcare professionals of all specialties throughout the United States. To date, BHG has assisted over 50,000 healthcare providers with their financing needs. Bankers' growth and success is due to their business model, built and designed to support the needs of their customers. Bankers Healthcare Group was ranked as the fifth Fastest Growing Private Company by Inc. Magazine in 2005 and was again recognized in 2007, 2008, 2009, 2010 and in 2011.

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SOURCE Bankers Healthcare Group, Inc.