BFS Capital Logo

BFS Capital

star star star_half star_border star_border
LAST UPDATED: October 25th, 2019

BFS Capital, formally known as Business Financial Services, has been providing funds to small- and mid-size businesses since 2002. Based in Florida with affiliates in both California and the UK, BFS Capital serves all 50 states in the U.S., as well as offers 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 help out many businesses that are unable to obtain loans from traditional lenders.

BFS Capital has built its reputation around providing loans that are fast and flexible. Because of its reputation and the quality of its service, BFS Capital states that 80 percent of its customers return for repeat business. Consumers that choose BFS Capital should remember that they must have a credit score of 550 or higher.

Top Ranked Companies

thumb_up

The Good

  • Funding Options
  • Established Businesses
  • Fast Approval and Funding
  • Payment Plans

Funding Options

BFS Capital offers a high maximum loan amount of $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

BFS Capital offers premier loans, which are small business loans gear toward businesses that are more established. These loans are ideal for borrowers who have been in business for more than two years, maintain a stable bank balance, and have favorable credit scores.

Fast Approval and Funding

One large benefit that BFS Capital offers is its ability to deliver cash quickly. It only takes the company two days to deliver the funds after approval, which is much quicker than what most traditional lenders can provide.

Payment Plans

Repayment with BFS Capital is shorter and more flexible than with most larger 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 is helpful in some cases because it allows borrowers to avoid extensive interest rates. Further, BFS Capital requires no equity as most banks do.

thumb_down

The Bad

  • Lack of Transparency
  • Restrictions

Lack of Transparency

BFS Capital does not provide the following information on its website:

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

Potential borrowers are encouraged to reach out to the company for more information.

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 some other lenders. However, BFS Capital seems to be more flexible than most traditional lenders.

gavel

The Bottom Line

BFS Capital provides a relatively high maximum loan amount, fast approval and funding in contrast, and flexible repayment plans, making it an attractive option for businesses in search of funding.

View Best Business Loan Providers

Was this content helpful?
thumb_up Yes thumb_down No

Star Rating

info
star star star_half star_border star_border

7 Reviews

Review Breakdown

5 grade

43%

4 grade

0%

3 grade

0%

2 grade

0%

1 grade

57%

Sentiment Criteria

Value

star star star star star

Quality

star star star star star

Service

star star star star star

Trustworthiness

star star star star star
We couldn't find any matches for your request. Click here to try again.