BHG Financial
BHG Financial, founded in 2001, provides financial solutions to SMBs and consumers across the U.S., leveraging data analytics and technology for loan marketing and underwriting.
Company History
BHG Financial was founded in 2001 with an initial investment of $25,000 and a small team of entrepreneurs. The company has since grown substantially to become a leading provider of financial solutions to small and medium-sized businesses (SMBs) and consumers across the United States. BHG Financial has nearly doubled in size during the pandemic, reflecting its robust growth and adaptability.
Financial Solutions and Services
BHG Financial offers a range of financial solutions, leveraging data analytics and technology for marketing and underwriting small business and unsecured consumer loans. Their services include BHG Money for business, personal, startup, and SBA 7(a) loans; BHG Bank Network's loan delivery platform; NaluPay for merchant-centric point-of-sale financing; and Fund-Ex Solutions Group for non-bank SBA 7(a) lending. Additional services include Risk Management Solutions Group for regulatory and compliance support, and BHG Connect for co-branded lending programs.
Proprietary Technologies
BHG Financial employs several proprietary technologies to enhance its service offerings. The company uses a proprietary online auction platform to sell loans to one of the largest bank member bases in the U.S. The BHG Bank Network offers a state-of-the-art loan delivery platform, and NaluPay provides point-of-sale financing for healthcare, home improvement, and retail businesses. BHG Financial is also launching an online consumer loan platform to extend digital lending services to community banks and credit unions.
Corporate Social Responsibility and Recognitions
BHG Financial is actively involved in corporate social responsibility, supporting multiple causes including a $200,000 Make-A-Wish fundraiser and the Hispanic Scholarship Fund. The company has been recognized both regionally and nationally as a Great Place to Work®. Additionally, BHG Financial’s headquarters are strategically located in Fort Lauderdale, FL, with sales and technology headquarters in Davie, FL, and financial headquarters in Syracuse, NY.
Expansion and Future Developments
BHG Financial is continually expanding its product and service offerings. The company is enhancing its point-of-sale financing to include merchants in home improvement and retail sectors, introducing new features to its patient lending platform, and bringing digital banking services like checking and deposit accounts to its borrowers. BHG Financial is also making significant upgrades to its credit card program with new features and digital capabilities.