Originally published on May 9th, 2013 on The Gazette. Read Original → Alexander and Julie Tischuk of Tipton were looking for a way to remodel their Hardee’s restaurants. Stearns Bank in St. Cloud, Minn. was looking to make an investment in such an endeavor. Naturally, the two connected, thanks to the financing website BoeFly.com. What exactly is BoeFly? The website connects borrowers and lenders in order to provide small business loans, commercial loans and franchise financing. “We got started in trying to address a problem that’s been out there for a while, which is the process of securing loans,” said Mike Rozman, BoeFly’s CEO. “The alternative has always been, borrower will knock on the bank’s door. We started BoeFly with the idea that it should be a … [Read more...]

By: William Seay A bust of the Bard himself sits vigilant atop an elaborately decorated fireplace. Twin dragons guard the staircase. There's stained glass at every corner. The tile on the floor is just as elaborate. "I think this is one of the most elegant interiors I've ever seen," said Isobel McGowan, who bought the Victorian mansion in May of 2012. McGowan bought the house with every intention of restoring it into a luxury bed and breakfast. "We were fortunate that this house had been a bed and breakfast in the '90s," she said. "So a lot of the plumbing work, the bathrooms, and sleeping rooms were already there.  We didn't have to do anything there except to make repairs and clean them up." The new owner and innkeeper has invested nearly $750,000 into the purchase … [Read more...]

By Jennifer Hall St. Joseph News-Press Purchasing a historic home on Hall Street was the result of a whimsical road trip for Isobel McGowen. Turning the 19th century mansion into a business, however, was a product of her ambition. The Colorado native had accompanied a friend, and business partner, to St. Joseph to check out another classic mansion, the Kennedy House on Museum Hill. Ms. McGowen quickly became fascinated with the town’s rich history and architecture. Fast forward a decade later and she decided to put in an offer on one particular home that suited her. “I couldn’t believe the architecture and the amazing stuff up here,” she said. “It was selling at such an unbelievable low price compared to Denver real estate,” she said. “It was this terrific … [Read more...]

Originally Posted in Franchise Times  Read Original→ "Sometimes banking is stuck in the ‘70s and ‘80s,” said banker Morgan Johns with Conestoga Bank in Pennsylvania. “You have to look outside the box.” Which is precisely why he attended BoeFly’s Franchise Lending Spotlight Conference, held April 3 in suburban Boston. BoeFly, the online marketplace that connects franchisees and their loan applications to lenders and banks nationwide, hosted the event so local and regional bankers in the Northeast could hear franchisors’ 30-minute presentations on their opportunity. “The purpose of the conference matches BoeFly’s mission, which is empowering lenders to find qualified borrowers,” said Mike Rozman. “It’s our strong belief when lenders are better educated about … [Read more...]

What kinds of resources do you offer franchisees? Hurricane Grill & Wings currently has three key partnerships to assist our franchisees. As of last October, we have $10 million in financing available to new and existing franchises from Mount Pleasant Capital. This financing program provides qualified franchisees with up to 75 percent of the funds necessary to open a new location. Another partnership is with BoeFly, an online marketplace that gives current and potential franchisees access to a consortium of 22,000 banks that will bid for the business of franchisees. We have found it to be an extremely efficient resource, with a high level of success. Hurricane Grill & Wings is also an approved member of the United States Small Business Administration and our documents conform to … [Read more...]

Les Davis, a native and resident of Richmond, and his wife Claudia have opened the only TCBY self-service frozen yogurt franchise in Henrico at 9468 W. Broad St. They chose to open the store primarily because it is an established brand and also because their location is a storefront on West Broad Street. The Davises used BoeFly for their start-up SBA loan. The Davises have an entrepreneurial background; before retiring in the early 2000s, they sold the company they founded, Focus Packaging, which produced packaging for products such as Irish Spring soap and Crest and Colgate toothpaste.             Read more business briefs at The Henrico Citizen. … [Read more...]