Tools, Advocacy and Resources Aimed to Aid Small Business Survival.
CORAL SPRINGS, FL. (June 23, 2020)
Prior to the pandemic, the Small Business Administration estimates there were nearly 28 million small businesses in the U.S. with 500 or fewer employees. They accounted for nearly half of all private sector jobs and 44 percent of the country’s economic activity.
Since the start of the shutdown, 44 million people have filed for unemployment, a majority from small businesses. This sector has been hit particularly hard by the pandemic – perhaps more so, and more quickly, than by any other economic downturn in history.
Today BFS Capital, whose mission is to empower small businesses with capital, is announcing the launch of FightingForSmall.com, an initiative created to support small businesses as they fight to re-open, re-imagine their future, and re-build our economy.
“Covid-19 has presented small businesses with epic challenges. We conceived of #FightingForSmall as a way to step up and support our community as they navigate both the practical and emotional hurdles they’re now facing.” said Chief Marketing Officer Patricia McDonnell, BFS Capital.
The initiative is focused on providing small businesses with:
- Financing Resources: Sources of funding and relief curated from federal, local and private organizations are updated weekly on the website.
- Business Resources: Special offers and free trials from business services across the web as well as original resources such as a set of stylized signage in PDF format, which business owners can download, customize and post for free with messages like “Mask or Face covering required inside. Thank you for understanding!” and “Yes, we are back in business! Come on in.”
- Actionable and Inspiring Stories: An ongoing series that celebrates individual small business owners’ stories of innovation and provides actionable ideas for their peers seeking to reopen and thrive.
- Advocacy: BFS is working actively with the Innovative Lending Platform Association (ILPA) in the US and the Canadian Lenders Association (CLA) in Canada to lobby US and Canadian governments to make necessary financing and relief programs available to small business owners through accessible, convenient channels.
“We’ve been consistently impressed by the creativity and resilience of small business owners over the past few months. We want to do what we can to give these everyday heroes the resources they need to help them survive the current crisis and to thrive as the economy begins to recover. We urge those wanting to support small businesses to spread the word with our hashtag #FightingForSmall, and to contribute ideas, helpful resources and inspiration“ said Mark Ruddock, CEO, BFS Capital.
If you want to help, please submit suggestions to info@FightingForSmall.com, post your ideas on social media using the hashtag #FightingForSmall or share the website and spread the word.
Today marks the start of a movement to empower small businesses, and to provide them with the tools, ideas and inspiration they need to thrive on the other side of the COVID-19 crisis.
About BFS Capital
BFS Capital champions the long-term growth and prosperity of small businesses by providing timely, flexible financing solutions. BFS Capital’s leading small business financing platform leverages customized underwriting and proprietary algorithms to fund businesses in the United States, Canada, and through its United Kingdom subsidiary, Boost Capital. Since 2002, BFS Capital has provided over $2.3 billion in total financing to over 24,000 small businesses across more than 400 industries. Headquartered in South Florida with offices in New York, California, the United Kingdom and Canada, BFS Capital is an accredited BBB company with an A+ rating.