BLS Finance launches 'boutique' direct funder facility in North Carolina and surPosted by HelenaNelson on May 8th, 2017
"Business is steady and we are currently funding in North Carolina, South Carolina, Virginia, Tennessee and Georgia," Marvin Adcock, Managing Director at the company said last week. "One of the reasons our product has met with such high demand is that we have almost no overheads. When you don't have a sales force and heavy marketing budgets, you can afford to lend at lower rates and longer terms." The product is very similar to a business line of credit . The term is spread over a number of months and repaid from business revenues. The main factor that sets the product apart is the bi-weekly payment setup. "Many business lenders in the national space require daily or weekly payments and business owners are pleasantly surprised to hear we offer bi-weekly payments when they call," Adcock said. Some key benefits of the new program: - With poor credit profiles, the company is willing to fund smaller amounts at first, building repayment relationships and establish 'internal credit' - Lower rates and longer terms than programs from most national funders, due to the company having no sales teams, telephone teams or big-budget advertising expenses) -Ability to speak directly with the decision makers of the company. Leave a message if the company answering service engages and a managing partner will call you back directly. - Less documentation needed at signing and a streamlined funding. The process takes a day or two longer to verify identity and pass fraud checks, but less documentation is needed. About BLS Finance || BLS Finance is a registered and bonded North Carolina Commercial Loan Originator. Consumer Protection Registration No. 223. BLS offers easy online applications, professional and friendly service, data security and competitive commercial loan rates to its clients. For more information, contact Mark Hurst (980) 202-7990 9am - 5pm EST, Mon - Fri., email inquiries@blsbusinessloans.com or visit http://www.blsfinance.com Like it? Share it! More by this author |
Businesses in the majority of states located in the Southeast Region now have access to direct business funding from a small firm in Charlotte with virtually no overheads, resulting in lower rates and longer terms. BLS Finance LLC has been engaged in direct funding of companies, via RBF (Revenue Based Factoring) agreements, since January 2017.