BFS Capital, a leading small business financing platform, today announced it has received a new $175 million revolving credit line through funds managed by Ares Management, L.P. BFS Capital will use the new facility to accelerate lending following a record year where the company generated more than $300 million in originations.
“We’re very pleased to increase our financing capacity. The new facility helps us to meet customer demand following a record year in originations and accelerate our expansion and market share growth across key geographies,” CEO Michael Marrache said.
The news is also the latest in a series of milestones for BFS Capital, which marked its 15th anniversary in 2017. During the year, the company named Michael Marrache as CEO and announced it had extended more than $1.7 billion in financing in the U.S., U.K. and Canada since funding its first loan in 2002.
“The market continues to appreciate our small business customer focus,” Mr. Marrache added. “Our strategic partners, such as ISOs, also commend us for our data and underwriting expertise—based on 15 years of financings across multiple economic cycles—which enables us to better anticipate the future performance of our financings. As BFS Capital continues to grow, we’ll make further investments in our product lineup, technology platform and customer servicing to become a one-stop financing resource for small businesses across our footprint.”
Stephens Inc. acted as financial advisor to BFS Capital Inc. in this transaction.
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