Listen in as experts discuss FDD best practices such as: Controlling the multi-state registration processes; Managing the franchisee receipt workflow; Importance of properly signed agreements; How documentation can impact private equity transactions.
Paula and James Bullock, Tropical Smoothie Cafe franchisees, secured an SBA loan through BoeFly to open their first Tropical Smoothie Cafe. When it came to sourcing financing for their start-up franchise, the couple was introduced to BoeFly, which proved to be an excellent resource. Paula and James already had a significant workload in running their existing businesses, so the two greatly valued BoeFly’s streamlined workflow and dedicated support throughout the financing process
New York, New York – BoeFly, the premier marketplace for small business borrowers and lenders which has supported franchisees from more than 600 unique brands, announced that a new franchise owner, recently acquired two existing Pure Barre studios after using BoeFly to source funding for the acquisition. The new franchisee, a proven business executive who is staying in his current … Read More
The webinar features industry experts discussing how Business Loan Brokers are closing more loans because their borrowers are using retirement assets. We will discuss how borrowers can use their 401(k),IRA, or other types of retirement funds to start a business– tax-deferred and penalty-free. We’ll cover everything you need to know about 401(k)/IRA business funding, including how it can be combined … Read More
The webinar features industry experts discussing how SBA lenders are closing more loans because their borrowers are using retirement assets. We will discuss how borrowers can use their 401(k),IRA, or other types of retirement funds to start a business– tax-deferred and penalty-free. We’ll cover everything you need to know about 401(k)/IRA business funding, including how it can be combined with … Read More
The franchise industry, so dependent on financing to fund both start ups as well as its franchisees’ continuing growth, has turned to BoeFly in record numbers. BoeFly has supported franchisees from 600 unique franchise brands, a level unrivaled by any other loan marketplace. “We know that access to capital is critical to a new franchise owner, which is why we provide BoeFly to all new franchisees,” said Michael Osovksy, VP Strategic Initiatives & Chief Compliance Officer for Driven Brands, parent to Meineke, Maaco, CarStar and other top automotive brands.
Uncle Maddio’s Franchisee Utilizes BoeFly to Secure Small Business Loan to Open His First Restaurant Entrepreneur receives an SBA loan to open a fast casual pizza restaurant in Castle Rock, Colorado New York, NY – June 28, 2017 – BoeFly, the premier online marketplace that connects business borrowers and lenders from across the nation, announced that Craig Tappin, an Uncle … Read More
An excerpt of an article by Mary Jo Larson of the Franchise Times. All the gnashing of teeth over the SBA Registry rule change may be for naught, since the four points the SBA has pulled out into an addendum are best practices most franchisors are already doing. Or so said a panel of franchisors and lenders that discussed the … Read More
On Nov. 22, 2016 the SBA issued a rule change that will impact all franchise brands who want their franchisees to have access to SBA financing. BoeFly has assembled at panel of legal, banking and franchise experts to share their perspective on this major change in the recorded webinar below. Target audience: Franchisor management Panelists: Nancy Broudo, SVP, BoeFly Jeff … Read More
Last year, Karen Mills, former head of the Small Business Administration, heaped praise in the Harvard Business Review on a group of entrepreneurs she claimed were vital to America’s middle-class. Surprisingly, it wasn’t the bright people who’ve brought us Pandora, Uber and DoorDash. It was instead the folks who operate the roughly four million local enterprises that handle our daily … Read More