Business Financial Services announced a $125 million credit line with Wells Fargo Capital Finance. The new credit line is an increase from the existing $82 million credit line that the company announced last year.

In just one year’s time, the number of loans furnished by BFS has more than doubled, increasing by 150%. And, beyond the sheer number of loans, there has been a marked difference in the industries applying for and receiving funding from the Company.

“After our credit line increase and the expansion of our short-term loan product in 2013, we began to see a much broader variety of industries looking to us for growth capital,” said Marc Glazer, CEO and co-founder of BFS. “We were getting an increasing number of inquiries from businesses in verticals that we hadn’t seen much of historically. Year-over-year, we funded 83% more businesses in these industries when compared to 2012. From equipment manufacturers and wholesalers to freight and transportation companies, our well-balanced portfolio showed us that the ongoing demand for business financing is just not being met.”

Glazer says the new credit line aims to bridge the funding gap and provide the financing that these under-served sectors are looking for.

Business Financial Services is a leading specialty finance company providing short-term loans and cash advances to owners of small- and medium-size businesses.