During the month of October, Blue Bridge Financial exceeded $200 million in total loans originated to more than 4,000 small businesses since its inception in 2009. Since 2015 alone, Blue Bridge has originated more than $130 million in loans to more than 2,400 small businesses throughout the U.S.
“$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. That is up from 4.3% in 2015.
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