BFS Capital, a small business financing platform, received a $175 million revolving credit line provided by funds managed by Ares Management. The funds will be used to accelerate the growth of its lending business, following a record year when the company generated more than $300 million in originations.
The facility is one of the first announced in 2018 by a balance sheet business lender.
“We’re very pleased to increase our financing capacity. 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 of BFS Capital.
Stephens acted as financial advisor to BFS Capital in this transaction.
