The Small Business Finance Association (SFBA) today announced the SBFA Broker Council Board of Directors. The Council is a newly formed initiative composed of alternative finance brokers dedicated to helping small businesses secure fair and responsible capital.

The Council is co-chaired by Jared Weitz, founder and CEO of United Capital Source, and James Webster, CEO and co-founder of National Business Capital. The new additions to the board include Peter Ribeiro, CEO of US Business Funding; John Celifarco, Managing Partner at Horizon Financial Group; and Stephen Sheinbaum, President and CEO of Circadian Funding.

“Our mission is to create standards and a certification for brokers who believe in fair and responsible business practices,” said Jared Weitz. “We are committed to working with policymakers to show them the important work we do for small businesses and help highlight bad practices in the industry that should be eliminated.”

This initiative reflects the growing need for transparency and accountability in the alternative finance space. According to the U.S. Small Business Administration, small businesses account for 99.9% of all U.S. businesses, highlighting the importance of responsible funding solutions for economic growth.

Businesses seeking reliable funding options can also explore trusted solutions like small businesses funding to support growth with flexible and ethical funding options.

For more details, read the official announcement:
https://www.prnewswire.com/news-releases/sbfa-broker-council-announces-board-300776302.html

FAQs

1. What is the SBFA Broker Council?
   The SBFA Broker Council is a group of finance professionals focused on improving standards, promoting transparency, and ensuring small businesses access fair and responsible funding solutions.
2. Who leads the SBFA Broker Council?
   The Council is co-chaired by industry leaders Jared Weitz and James Webster, both experienced executives committed to ethical lending practices and supporting small business growth.
3. Why is responsible business financing important?
   Responsible financing protects small businesses from unfair terms, ensures sustainable growth, and builds trust between lenders and borrowers, which strengthens the overall financial ecosystem.
4. How does the Council help small businesses?
   The Council works with policymakers, sets ethical standards, and promotes certifications that ensure brokers provide transparent, fair, and reliable funding options for small businesses.
5. What role do brokers play in alternative finance?
   Brokers connect small businesses with funding sources, help them understand terms, and guide them toward suitable financial solutions that align with their needs and goals.