BFS Capital
BFS Capital
This financing company started in 2002 mainly aims at providing financial assistance to small businesses. The company is based in Florida. Along with affiliate Boost Capital, they fund companies in the US, Canada, and the UK. The funds are often managed by Ares Management. They are a partner of Better Business Bureau (BBB) with an A+ rating. Companies that are unable to get funding through traditional banks are the main ones that approach BFS Capital.
Such a company has comparatively a lower credit score. The information related to rates, term lengths, and fees needs to be acquired by communicating directly with BFS Capital. No benefits are offered to early payers because BFS has a one-time buy rate. The amount offered as service ranges from $5000 to $500000 and varies for some industries like auto repair, restaurants, and manufacturing. The services they offer include merchant cash advances and short term loans, and the former is made available to those clients with bad credit. The client’s most recent business account gets reviewed before loan approval. Moreover, the decision leading that would be influenced by the client’s monthly gross business volume. Until this loan is paid back, the company takes fixed and automated payments out of the client’s bank account.
