Here at BFC, we're a team of many working hard to serve one purpose: to make each and every client's dream of THINKING BIG come true. To learn more about who were are and how we work, check out our latest video! https://youtu.be/5s9FxftJ86c
If you're a small business in need of additional capital, the SBA's 504 Loan Program can help your business solve and overcome a variety of obstacles to ensure your business has what it needs to grow and succeed. To get started, you need a certified development company (that's us at BFC) to help you [...]
The Small Business Administration (SBA) 504 Loan Program completed its largest monthly funding of loans in the program's 34-year history, including 1,462 loans for $1,284,274,000 – more than double the previous record set in September 2012. Historic levels of 504 loan closings and fundings were driven by record low interest rates and debt relief provided by [...]
Private sector small business employment increased by 937,000 jobs from May to June according to the June ADP Small Business Report. Due to the important contribution that small businesses make to economic growth, employment data that are specific to businesses with 49 or fewer employees is reported each month and broadly distributed to the public, [...]
What are the top ten reasons for doing business in LA County? With the help of the LA County Economic Development Corporation, here are 20 great reasons to start and run a business right here in Los Angeles County: 1. Large market The area is a large market in its own right, and it [...]
In 2018, California passed the California Consumer Privacy Act (CCPA) to protect the privacy rights of California consumers. It went into effect on January 1st of this year, and not unlike Europe’s General Data Protection Regulation (GDPR), the CCPA will no doubt affect many businesses that acquire or collect personal data from Californians. [...]
In 2020, the way small businesses employ freelance workers has changed. Due to Assembly Bil 5 (AB 5), California Governor Gavin Newsom said that the new law “will help reduce worker misclassification — workers being wrongly classified as ‘independent contractors’ rather than employees, which erodes basic worker protections like the minimum wage, paid sick [...]
The SBA's 504 Loan Program helps small business owners save capital by requiring only a 10% borrower contribution. How it works is the SBA authorizes CDCs (that'd be us here at BFC) to provide financing to small businesses with the help of third-party lenders (conventional banks). Here's a quick primer on how it works as [...]
Young fashion designer making pattern and talking on the phone The U.S. Small Business Administration announced FY19 lending numbers showing that it guaranteed over $28 billion to entrepreneurs that otherwise would not have access to capital to start, grow, or expand their small businesses. "A strong economy is powering America's 30 million small businesses, and the [...]
At BFC, we're always excited to share the news when a new team member joins our team. Please welcome Lee Kleinman, as BFC's newest Business Development Officer. Kleinman comes to BFC with more than 30 years’ experience in commercial lending throughout California, having served most recently as Senior Vice President, Senior Commercial Lender for Wells Fargo. As we [...]
