FactorCloud’s Parent Company Named to Inc. Magazine’s Vet100 List

January 14, 2022

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Atlanta-based company ranked among the 100 Fastest-Growing Veteran-Owned Businesses

Atlanta, GA (February 3, 2020) – FactorCloud’s parent company BAMFi has been named to the annual Vet100 list—a compilation of the nation’s fastest growing veteran-owned businesses. The ranking, created in partnership with Inc. magazine and Syracuse University’s Institute for Veterans and Military Families (IVMF), was born out of the iconic Inc. 5000 list of the fastest-growing private companies based in the U.S. Both distinctions are considered hallmarks of entrepreneurial success.

Originally established as the Vet50 list, this year’s list expanded to include 100 veteran-owned businesses in acknowledgement of the growing culture and success of veteran entrepreneurs.

“I’m honored to be included in this year’s Vet100 list,” said Todd Ehrlich, CEO of BAMFi and FactorCloud, and a former U.S. Navy SEAL. “We’re particularly gratified to be recognized as the 11th fastest-growing, veteran-owned business on the Inc. 500 list.”

BAMFi recently sold its BAM Capital division to TAB Bank and now focuses exclusively on FactorCloud, its proprietary, all-in-one, cloud-based secured lending solution.

“Business growth is a real economic driver in this country and the fact is that most of the new jobs in the economy—over 87 percent—are created by private businesses,” says Eric Schurenberg, CEO of Mansueto Ventures, publisher of Inc. Magazine. “Veteran entrepreneurs contribute their share to the job story, employing over 5.5 million. They deserve to be recognized for their continued service to the country.”

“Military experience provides veteran entrepreneurs with skills and knowledge we know to be valuable in the business world,” said Mike Haynie, Syracuse University Vice Chancellor and IVMF Founder and Executive Director. “The growth of this year’s list is a hopeful and inspiring indication of how important and valuable veteran entrepreneurs are to our society and economy. These businessmen and women not only served in defense of our collective freedom and security, they now continue to serve by bettering the economies in their communities and across the country. We are proud to partner again with Inc. magazine and are grateful for their efforts to shine a spotlight on the success of veteran-owned businesses.”

The Vet100 list will be announced on Saturday, March 7, 2020 in Dallas, TX, at the Vet100 Awards dinner during IVMF’s Veteran EDGE national conference (March 5 – 8, 2020). EDGE is the first-of-its-kind coalition of large companies supporting the success of veteran-owned businesses, connecting them with entrepreneurial education, training, resources, and networking opportunities.

For more information on the Inc. Vet100 list, visit: https://ivmf.syracuse.edu/Vet100/

About FactorCloud™

FactorCloud allows factoring companies, asset-based lenders and banks to reduce costs, increase efficiencies, reduce errors, and lower risk. The easy-to-use Software-as-a-Service (SaaS) solution is the only product on the market with computer vision and artificial intelligence built in. Teams using FactorCloud have handled more transactions without adding staff. The platform offers its customers the lowest total cost of ownership on the market. For more information, visit https://www.factorcloud.com/.

About Inc. and the Inc. 5000

Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders.  Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 20,000,000 today.  For more information, visit http://www.inc.com/.

The Inc. 5000 is a list of the fastest-growing private companies in the U.S. Now in its 39th year, this prestigious list of the nation’s most successful private companies has become the hallmark of entrepreneurial success.

About Syracuse University’s Institute for Veterans and Military Families

Syracuse University’s Institute for Veterans and Military Families (IVMF) is the first interdisciplinary national institute in higher education focused on the social, economic, education, and policy issues impacting veterans and their families. Through its professional staff and experts, the IVMF delivers leading programs in career, vocational, and entrepreneurship education and training, while also conducting actionable research, policy analysis, and program evaluations. The IVMF also supports communities through collective impact efforts that enhance delivery and access to services and care. The Institute, supported by a distinguished advisory board, along with public and private partners, is committed to advancing the lives of those who have served in America’s armed forces and their families. For more information, visit ivmf.syracuse.edu.

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