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."