BFS Capital Appoints Michael Marrache as CEO
August 17 2017 - 3:02PM
Business Wire
BFS Capital Inc., a leading small business financing company,
announced that it has appointed Michael Marrache as Chief Executive
Officer to succeed outgoing CEO and co-founder Marc Glazer. Named
President in September 2016, Marrache previously served for more
than three years as the company’s Chief Operating Officer. He also
will join the company’s Board of Directors. Marc Glazer will
continue to serve as Chairman of the BFS Capital Board.
“Michael has been invaluable in enhancing operations and driving
sales. As CEO, he will lead our strategic direction both
domestically and internationally, and spearhead initiatives that
will continue to improve our loan portfolio metrics and strengthen
our reputation among customers and partners as a premier small
business lending organization,” said Glazer.
Over recent months, Marrache has built a management team that
will execute on a long-term strategic plan to guide the company’s
future and reach new milestones in the areas of origination, ISO
partnerships and customer experience.
“I began work with BFS Capital nearly four years ago because I
thought the company had enormous potential, and I’m even more
certain of this today. I’m honored to have been asked by Marc and
the Board to lead the company’s next phase of growth,” said
Marrache.
“Our business has experienced great momentum over the last year
and we’re setting a course for continued growth and leadership. We
have a strong, committed management team and together, along with
our employees, we’re primed to execute on our priorities, including
upgrading the customer experience, investing in our product
offerings and leveraging our data science to drive insights for our
customers and partners,” Marrache added.
In April, BFS Capital reached a milestone of $1.5 billion in
financing—a 50% increase over the $1 billion the company generated
from inception through July 2015, led by loan portfolio growth in
both new and repeat customers.
About BFS Capital
BFS Capital champions the long-term growth and prosperity of
small businesses by providing timely, flexible financing solutions.
BFS Capital’s leading small business financing platform leverages
customized underwriting and proprietary algorithms to fund
businesses in all 50 states and Canada, and through its affiliate,
Boost Capital, in the United Kingdom. Since 2002, BFS Capital has
provided more than $1.5 billion in total financing to more than
18,000 small businesses across more than 400 industries.
Headquartered in South Florida with offices in New York, California
and the United Kingdom, BFS Capital is an accredited BBB company
with an A+ rating. To learn more, please visit
www.BFSCapital.com
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version on businesswire.com: http://www.businesswire.com/news/home/20170817005929/en/
for BFS CapitalGregory Papajohn,
+1-917-287-3626gregory@archiegroup.com