Brokerage company uncovers alternative financing

Business Financing Solutions Inc. opened this month and offers financing brokerage services for businesses seeking working capital loans, all types of equipment leasing, accounts receivable factoring, credit card receivables loans, debt-restructuring loans, medical profession loans, Small Business Administration loans and church financing.

Owner Tom Dapp said the idea for the company came to him after he learned that business owners often aren’t aware of their financing options – and banks don’t always refer their customers to other lenders.

“Just from a conversation with bank presidents and senior loan officers, I simply asked, ‘Where are you sending your customer if the customer doesn’t meet the parameters of the bank?’ I didn’t really get a straight answer,” Dapp said. “So I thought there was quite a market out there that needs to be addressed.”

Owners of small- and medium-sized businesses are especially in need of alternative financing options because, when just getting off the ground, smaller businesses often fail to meet a bank’s requirements for loans, Dapp said.

Dapp’s business experience includes 15 years of senior management with Federal Express, ownership of Computer Renaissance in Springfield and New Horizons Computer Learning Center in Arkansas, and serving as CEO of Dapp & Company Investment Properties in Springfield.

There are no plans to hire additional employees, Dapp said, and the company is in search of an office. For now, Business Financing Solutions operates online at www.bfstoday.com.[[In-content Ad]]