BFS Capital, formally known as Business Financial Services, has been giving funds to small- and mid-size businesses since 2002. Based in Florida, and with affiliates in both California and the UK, BFS serves all 50 United States as well as offering some loans in Canada. BFS Capital offers a number of different loan types including small business loans, equipment leases, and cash advances. These different loan offerings have given BFS Capital the opportunity to serve a wide variety of clients, and to help out many businesses who are unable to obtain loans from traditional lenders. BFS Capital has built its reputation around providing loans that are fast and flexible. Because of their reputation and the quality of their service, BFS Capital states that 80 percent of their customers return for repeat business.

Rank Chart
Lowest APR
Revenue Requirement
Review

#1

1.5%
$50k

#2

13.04%
$150k

#3

5.9%
$75k

#54
business_financial_services

Undisclosed
Undisclosed

The Good

  • Funding options
  • Fast approval and funding

Funding Options

BFS Capital offers a high maximum loan amount: $1 Million. Many other independent lenders do not (or cannot) offer this much money to borrowers, so prospective borrowers who need more funds may find what they are looking for in BFS Capital.

Established Businesses

Premier Loans are small business loans gear toward businesses who are more established. These loans are ideal for borrowers who have been in business for two years, who maintain a stable bank balance (no specifics were offered), and who have “favorable” credit scores (no specifics). Although the website lacks specifics about who qualifies for these loans, they appear to accommodate a wide variety of business experience and stability.

Fast Approval and Funding

One large benefit that BFS Capital offers is their ability to deliver cash quickly. Two days is how long it takes for them to deliver the funds after approval, and that is much quicker than what traditional lenders can offer.

Payment Plans

Repayment withBFS Capital is shorter and more flexible than bigger banks. While big banks can drag out loan repayment to 10 or 20 years, BFS Capital is interested in providing short and efficient repayment plans. Repayment with BFS Capital can be done in less than 18 months, if that works for the borrower. This allows borrowers to avoid extensive interest rates.BFS Capital requires no equity as banks do.

Features Summary

Benefits of BFS Capital:

  • Up to $1 Million
  • Low and accommodating qualifications
  • Two day cash delivery
  • Quick (flexible) repayment plans
  • No equity required

The Bad

  • Lack of transparency
  • Interest rate information
  • Restrictions

Lack of Transparency

While there are clearly some great things about the BFS Capital, there are also a lot of things missing from BFS Capital’s website. It’s true that many lenders don’t offer all their rates and information on their site, but there are definitely other lenders that offer more information. Things that would be important to know for potential buyers are missing from the website completely.

  • Interest rates
  • Prepayment penalties
  • Origination fees
  • Closing fees
  • Other fees
  • Loan calculator

Interest Rate Information

Without some of this information, it’s difficult for us to make a full evaluation of BFS Capital as a qualified lender. Interest rates, after all, are one of the single biggest factors that lead to a borrower’s decision on where to receive funding from. If borrowers don’t know the interest rates, it’s likely they would turn elsewhere for their loans, considering many other lenders offer this information on their websites. Not listing interest rates on their site also leads us to believe that maybe their interest rates are less than desirable.

Restrictions

While the requirements for obtaining a loan through BFS Capital are definitely not unreasonable, there are some requirements for prospective borrowers that may be slightly more restrictive than other lenders. All in all, they are definitely more flexible requirements than traditional lenders, but they may still be a stumbling block for some prospective borrowers.

Service Summary

As these lists make apparent, it’s clear that there is a lot of missing information from the BFS Capital’s website. In summary, here are the negative aspects of BFS Capital:

  • Not enough information on website
  • No interest rates
  • No loan calculator
  • Potentially restrictive qualifications for borrowing (would need more information)

View Other Business Loans

The Bottom Line

There are a number of great reasons to choose BFS Capital. They work to provide fast and simple funding in contrast to the complicated and time-consuming process of borrowing loans from a bank. This approach to funding makes BFS Capital a desirable choice for many businesses looking to avoid the hassle.

We cannot really make an ultimate conclusion, however, because BFS Capital’s website does not offer enough information. There are many critical details that we are missing in order to be able to recommend or not recommend BFS Capital, and because of this we cannot offer a full conclusion.

Prospective borrowers who are interested in the benefits of BFS Capital ($1 Million in funding, two day loan disbursement, low qualification requirements) will need to do further research in order to make an informed decision about BFS Capital.
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4 BFS Capital Reviews

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    March 7th, 2017 Phoenix, AZ

    This company sends unsolicited pre-qualifications to businesses under the name of Copperline Capital Companies offering 3-5 year business loans with rates between 5-9% and terms between 1-5 years, with no fees and and no prepayment penalties. Upon applying we were (surprise) not qualified for the offer sent and were instead shown an outrageous predatory loan demanding daily ACH withdrawals and an interest rate approaching 30% via BFS Capital. The loan agreement they sent asks the business to collateralize the loan, grant a personal guarantee and has default clauses for such things as changing your bank account, changing management or death. These are not uncommon requests, but are specifically identified as things they DO NOT require in their solicitations.

    A default would trigger immediate payment of the total balance. In addition their document requires you to give up your right to file bankruptcy, to hold harmless the lender and to go through arbitration in N. Carolina. There is NO prepayment option, the debt is to be senior secured and the origination fees run at 3 additional points. Finally the agreement also forces default if you were to take additional loans for your business.

    Oh and finally, they want you to login to your business banking website via a 3rd party (decision logic) who in turn uses yet another 3rd party (Yodlee) to verify and take payments from your business bank account so they have direct access to your accounts. If you are ok with giving numerous companies and 3rd parties the login info to your bank then they might be a good fit for you.

    In summary, this is about as predatory as a loan can get…Buyer beware these loans are designed to put you in default.

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  2. User Score

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    November 4th, 2016

    Sorry but did not have a good impression about BFS. When applying this company demands log in ID and passwords to access your bank accounts or merchant account. So I felt concern of them demanding this in order to grant you the loans

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    October 19th, 2016 Phoenix, AZ

    DO NOT BORROW FROM BFS CAPITAL UNLESS YOU CAN GO ELSEWHERE.

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    June 28th, 2016 Winsted, CT

    Asset manager sending borderline racist emails to clients. Constantly harassing clients via Email. Terrible company. If you can get a loan from anyone else, you’re better off. Do not work with this company. Worst experience ever. Worst employees.

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