BFS Capital reveals new $175m credit line from Ares

By Daniel Lanyon on Tuesday 20 February 2018

Alternative Lending

The revolving credit facility expands BFS Capital’s financing capacity to meet increasing customer demand and grow its lending business

The revolving credit facility expands BFS Capital’s financing capacity to meet increasing customer demand and grow its lending business.

Lending platform BFS Capital has received a new $175m revolving credit line provided by funds managed by Ares Management.

The firm will use the new facility to accelerate the growth of its lending business, following a record year where the company generated more than $300m in originations, a new annual high, the firm says.

“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,” said Michael Marrache, CEO, BFS Capital.

The facility is one of the first announced in 2018 by a balance sheet business lender.

“The market continues to appreciate our small business customer focus. 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," Marrache said.

"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,”  Marrache added.

Stephens Inc acted as financial advisor to BFS Capital in the transaction.

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