RESTON, Va., Nov. 9, 2017 /PRNewswire/ -- Blue Bridge Financial today announced that during the month of October 2017, it exceeded $200 million in total loans originated to over 4,000 small businesses since its inception in 2009.
"$200 million in originations is a significant milestone for us in filling the significant gap in small businesses access to credit. As we pursue opportunities to supplement our current capital base, we look forward to continuing to serve the significant needs of the underserved $1 trillion annual equipment finance market," said Mark DeBacker, CEO.
Blue Bridge Financial is an independently-owned, non-bank small business lender, a rapidly growing segment of the financial services industry, which according to Business Insider Intelligence's 2016 Small Business Alternative Lending Report, is expected to represent almost 21% of the entire small business lending market by 2020. This is up from 4.3% in 2015. Since 2015 alone, the Company has originated over $130 million in loans to over 2,400 small businesses throughout the United States.
About Blue Bridge Financial, LLC:
Founded in 2009, Blue Bridge Financial provides flexible financing solutions for small business borrowers that are often underserved by traditional funding sources, such as banks. With fast and easy to obtain funding for equipment purchases, inventory and working capital, they are a complete source for simplified business financing. The company is headquartered in Reston, Virginia, with offices in Buffalo, New York; Las Vegas, Nevada; and Lake Wylie, South Carolina. To learn more about Blue Bridge Financial, visit www.bluebridgefinancial.com or call 716-204-8467.
SOURCE Blue Bridge Financial, LLC