BFS Capital Announces New $165 Million Line Of Credit
CORAL SPRINGS, Fla. (BUSINESS WIRE) BFS Capital Inc., a leading small company funding platform, today
announced that the company has actually entered into a $165 million Amended and
Reiterated Loan and Security Agreement with Wells Fargo Capital Financing as
administrative representative. The agreement offersoffers additional increases up
to a maximum line of $250 million. The new center represents an
boost from the previous line of $135 million to support the Company s.
capability to attend to continuing need for little companysmall company funding in.
The United States and Canada.
We are very pleased with this offer, which reinforces our strong.
relationship with our banking partners, said Marc Glazer, Co-Founder.
and CEO of BFS Capital.
The improved and expanded credit limit boosts.
our financing abilities to meet enhancing needs of small companies.
across diverse sectors. The new facility underscores our self-confidence in.
the sustained growth of the industry and our commitment to being a.
champion for small company. .
The boost in funding is the most current in a series of strategic growth.
efforts. In July, the business crossed the $1 billion turning point in.
overall little businesssmall company financings, followed by the statement of its.
acquisition of Entrust Merchant Solutions in August.
In September, the.
company rebranded from Business Financial Solutions to BFS Capital.
with a brand-new logo design and website. Bring the momentum into 2016, Ken Murray.
signed up with BFS as CMO in January, highlighting the company s ongoing effort.
to enhance its market share, broaden its customer base and continue to.
act as a relied on resource for little companysmall company owners.
About BFS Capital.
BFS Capital champions the long-term development and prosperity of small.
companies by providing timely, versatile financing solutions. BFS.
Capital s leading small company financing platform leverages tailored.
underwriting and exclusive algorithms to fund as much as $2 million for.
companies in all 50 states and Canada, and through its affiliate, Boost.
Capital, in the UK.
Because 2002, BFS Capital has actually offered.
more than $1 billion in total financing to little businessessmall companies across more.
than 400 industries.
Headquartered in South Florida with workplaces in New.
York, California, Georgia and the UK, BFS Capital is an.
accredited BBB business with an A+ score.
For more info, please.