CUPS to offer BoeFly’s Concierge Team Services to its franchisees nationwide. CUPS Frozen Yogurt – That’s Hot™, the hip self-serve fro-yo concept, has selected BoeFly to assist its franchisees in obtaining bank financing. Since opening the first CUPS in Clifton, N.J. in November 2010, CUPS has taken a leadership position in the self-serve frozen yogurt industry becoming the local hot spot for teenagers and adults alike who make their own fro-yo concoctions, choosing from 24 yogurt flavors, more than 50 different toppings and three sauces. CUPS currently has 10 locations in the New York, New Jersey metro area and has recently announced the signing of 13 new area development agreements representing 25 franchise units in New Jersey and Florida. “It’s more of a club-like … [Read more...]

The Johnny Rockets Group, Inc., a leading global restaurant chain providing a classic all-American experience, has selected BoeFly to assist its franchisees in obtaining bank financing. Nearly half (49.2%) of the respondents in a recent survey by the IFA of its members identified “financing/access to credit” as the top issue of concern to franchise business leaders.  In response to this concern, and bolstered by its success in helping many individual franchisees obtain financing, BoeFly created a portfolio of services for the franchisor market. Through BoeFly, they can offer their franchisees access to a network of lenders through the posting of a single loan request on BoeFly’s Internet-based loan exchange, assistance in creating an effective loan request, and support managing … [Read more...]

Fund provides capital to veterans on highly favorable terms to assist in meeting equity requirements for small business loans. The Veterans Business Fund (VBF), a not-for-profit organization created to provide financial assistance to veterans, today announced its formation, and the issuing of the Fund’s first low-interest loan to a veteran. The Veterans Business Fund was established in response to the high unemployment rate among veterans, many of whom are skilled through their military experience to become successful small business owners but lack sufficient equity capital to qualify for a small business loan. VBF provides capital to veterans in the form of a low-interest loan with favorable terms. All principal and interest paid to the Fund are made available to future veteran … [Read more...]

Thomas and Kara Negley, first-time business owners and new franchisees of TCBY in Ralston, Neb., secured a start-up loan from Centennial Bank in Omaha through a connection made by BoeFly. The new TCBY location is scheduled to open in February 2013. TCBY (The Country's Best Yogurt), part of Famous Brands International, is an international franchise chain of frozen yogurt stores and the largest U.S. retailer of soft-serve frozen yogurt with live active cultures. Prior to taking the path of franchise ownership, Thomas Negley worked in the insurance industry and has a background in firefighting equipment sales. He also served as a volunteer firefighter. “Kara and I knew that to be able to start a business for the first time, we would need adequate financing, and TCBY pointed us to … [Read more...]

BoeFly connects San Clemente, Calif. borrower with Orange County bank for $233,000 SBA loan to open Pop-A-Lock franchise New York, NY – BoeFly announced today that Arely Benavides, a Pop-A-Lock franchisee in San Clemente, Calif., secured a start-up SBA loan of $233,000 from a bank in Orange County through a connection made by BoeFly. In her search for start-up financing, Benavides worked with David Grams, senior director of SBA funding at Benetrends, a company based in North Wales, Penn. that offers a full suite of funding options to help entrepreneurs get the financing they need for their small business or franchise. When I started out in seeking the financing I needed, I wanted my search to be as efficient as possible, and that is why I chose to work with David Grams,” … [Read more...]

BoeFly connects a Massillon, Ohio borrower with an Ohio bank for a $362,000 SBA loan to acquire a 101 Mobility franchise  Sep 28, 2012 - New York, NY – BoeFly, the premier online marketplace connecting small business borrowers with lenders and a strategic ally of the International Franchise Association (IFA) to expand credit access within the franchise community, announced today that Jeff Franklin, a 101 Mobility franchisee in Massillon, Ohio, secured an SBA-guaranteed acquisition loan of $362,000 from an Ohio bank through a connection made by BoeFly. Headquartered in Wilmington, N.C., 101 Mobility is a franchised local provider of mobility and accessibility equipment, including auto lifts, stair lifts, turning seats, modular ramps and platform lifts. “David Grams and … [Read more...]

Co-President David Nayor will discuss the current state of small business lending and the efficiency of BoeFly’s online marketplace in connecting small businesses and lenders with attendees of the ASBDC annual conference Co-President David Nayor will host a session about the usage of BoeFly’s platform during the Association of Small Business Development Centers (ASBDC) annual conference on September 12th. The conference will take place at the Hilton New Orleans Riverside in New Orleans, La. from September 11th to 14th. Nayor’s session will take place Wednesday from 2:00 to 3:30 p.m. in the Rosedown Meeting Room. In addition to discussing how SBDCs can leverage BoeFly’s online marketplace to help their small business clients connect efficiently with a network of over 2,200 … [Read more...]

BoeFly connects a small business borrower with a bank for a loan to refinance his cattle hauling and raising business BoeFly announced today that the owner of a cattle hauling and raising business in Western Idaho secured a conventional refinancing loan of $369,000 through a connection made by BoeFly. In obtaining the refinancing loan, Craig Vogel a professional loan broker, worked with the business owner to create a complete loan package on BoeFly, which was then compatibility matched to 14 of BoeFly’s more than 2,200 lenders who requested access to the full loan package. Vogel came to BoeFly as a graduate of Commercial Capital Training Group (CCTG), a leader in providing comprehensive training for entrepreneurs entering the commercial finance marketplace. "As a … [Read more...]

BoeFly connects a Stroudsburg, Pa. borrower with a bank for a start-up loan of $340,000 to open a Saladworks franchise New York, NY – BoeFly, the premier online marketplace connecting small business borrowers with lenders and a strategic ally of the International Franchise Association (IFA) to expand credit access within the franchise community, announced today that JTS Enterprises, LLC, a Saladworks franchisee in Stroudsburg, Pa., secured an SBA-guaranteed loan of $340,000 through a connection made by BoeFly to open Saladworks’ first Poconos location. Saladworks is the nation’s first and largest fresh-tossed salad restaurant concept with over 100 franchise locations across the country. “We found BoeFly incredibly easy to use, and we were blown away at how many serious … [Read more...]

Automotive and transmission franchisor to offer BoeFly’s Gold Plan to its franchisees nationwide Moran Family of Brands, previously known as Moran Industries, changed it’s name in 2011 to better reflect the multiple brands and services that the company offers and the commitment to building a family environment for franchisees. Moran Family of Brands has franchises in almost every aspect of the automotive repair category, with Mr. Transmission, Multistate Transmission, Dr. Nicks Transmission, Milex Complete Auto Care and Alta Mere Toys for Your Car. Through hard work, commitment to customers and development of innovative products and services, Moran Family of Brands is one of the leading transmission, auto repair and accessory franchises in the country. The company continues to … [Read more...]