Estimated reading time: 0 minutes, 47 seconds

New $82 Million Credit Line to Fund Small Businesses

Business Financial Services, Inc. (BFS), a leading specialty finance company since 2002, announced a new $82 million credit facility provided by Wells Fargo Capital Finance, part of Wells Fargo & Company (NYSE: WFC). The new credit line, which replaces a smaller facility with another lender, bolsters the Company's ability to serve the owners of small and medium-size businesses throughout the United States, and through affiliates in Canada and the United Kingdom.

 

Business Financial Services has grown rapidly over the last 11 years by effectively serving business owners whose working capital needs are not met by traditional funding sources," said Marc Glazer , CEO and co-founder of the Company. "This new credit line will enable us to help even more businesses address their ongoing needs and take advantage of real opportunities. With quick funding of loans as small as $4,000 and as large as $2,000,000 that are structured to meet the needs of the borrower, we help fill a critical credit gap in the economy."

Read 4656 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.