Reposted from: https://finance.yahoo.com/news/blackbridge-investment-group-big-receives-163500664.html
NEW YORK, NY / ACCESSWIRE / October 16, 2024 / Blackbridge Investment Group (BIG), a leading provider of revenue-based financing, is proud to announce that it has been officially licensed to provide sales-based financing in Virginia. This milestone expands BIG’s ability to offer flexible, non-dilutive capital solutions to small and mid-sized businesses throughout the state, further strengthening its national presence.
The process of obtaining the sales-based financing license in Virginia involved meeting all necessary state regulatory requirements, enabling BIG to deliver its innovative funding model to businesses across the region. With this license, Virginia companies can now access BIG’s tailored financing solutions, which allow repayment as a percentage of monthly revenue, providing flexibility without the constraints of traditional loans or equity dilution.
Cosmin Panait, co-founder of Blackbridge Investment Group, said: “We’re excited to extend our financing solutions to businesses in Virginia. Securing this license is an important step in our growth, and it allows us to bring our flexible capital to even more companies. Our goal is to help businesses thrive by offering financing that adapts to their needs, without the typical constraints of conventional funding options.”
BIG’s unique financing model allows businesses to repay capital based on their revenue, ensuring that repayments adjust with their financial performance. “This approach is ideal for companies experiencing revenue fluctuations, allowing them to grow at their own pace without the burden of fixed repayment terms or equity dilution, and to companies to whom traditional financing, such as bank loans, is limited”, said Alexander Dillon, co-founder of BIG.
As part of its commitment to transparency and compliance, BIG continues to prioritize regulatory standards and responsible lending practices, ensuring that businesses receive clear, fair, and accessible financing options.
BIG’s expansion into Virginia reflects its commitment to supporting small and mid-sized businesses across the U.S., offering responsible, transparent, and adaptable funding solutions.
About Blackbridge Investment Group (BIG)
Founded in 2023, Blackbridge Investment Group (BIG) is a trusted New York-based provider of revenue-based finance to small and mid-size companies nationwide. BIG’s focus is to offer transparent, non-dilutive capital without the frustration of traditional financing. BIG offers flexible financing with payments as a percentage of sales that doesn’t involve rigid repayment terms, equity dilution, or heavy debt loads. You can learn more at www.bbigm.com.