Who Else Is Lending? Try Amazon.com

Jessica SarterBoeFly In The News

CFO

Article by Vincent Ryan Originally Posted on CFO.com Online lenders with access to reams of e-commerce data are using it to provide working capital to some small and midsize borrowers. Regulated deposit-taking institutions often eschew extending credit to the risky small and midsize businesses that land capital through alternative lenders. But those banks are also missing opportunities among the creditworthy … Read More

Do all small-business lenders need collateral?

Jessica SarterBoeFly In The News

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By JERRY CHAUTIN Published: Monday, October 28, 2013 at 1:00 a.m. Originally posted in the Herald Tribune It is difficult to get a small-business loan without pledging substantial collateral. Although lenders will look at your cash flow and other financial ratios first, they consider collateral to be the secondary way to get paid if you default. Mature businesses with a … Read More

Steps to take before buying into franchise

Jessica SarterBoeFly In The News

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By JERRY CHAUTIN Published: Monday, October 21, 2013 at 1:00 a.m. Originally printed in the Herald Tribune Representatives from the U.S. Small Business Administration were scheduled to make presentations at BoeFly’s Franchise Lending Spotlight Conference in Atlanta on Oct. 7 and 8, but they didn’t show up because of the federal government’s shutdown. Terri Denison, the agency’s district director for … Read More

SBA loans backlogged during shutdown

Jessica SarterBoeFly In The News

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By Brendan Manley HNN contributor Small business loans were on hiatus while the government was out of action, causing delays in construction, purchasing and expansion. Small business lending under U.S. government-backed Small Business Administration, 504 and EB5 loan programs grounded to an immediate halt this month during the shutdown in Washington, D.C., putting the status of all open applications as … Read More

Do you homework before applying for a loan

Jessica SarterBoeFly In The News

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When Army Staff Sgt. Judy Taylor left the service in May, she had a vision. Specifically, a bike shop. In Roscoe, Ill. — a town of 10,000 interlaced with bike trails that already supports a number of fitness-related businesses. She knew she could get Midwest Track N’ Trail rolling, but she’d need to borrow about $24,000 to make it happen. … Read More

Lending to Restaurants Picks Up, but Mostly for Big Players

Jessica SarterBoeFly In The News

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  By Annie Gasparro –> read the original article posted 6/13/13 here Banks are lending money at a faster pace to large restaurant franchisees, but mom-and-pop shops with an appetite to expand are still struggling to get the cash.   Loans to franchisees–a key source of funding that helped the likes of Pizza Hut and Applebee’s spread nationwide–fell dramatically during … Read More

Birth of a Brand

Jessica SarterBoeFly In The News

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Originally published on June 6th, 2013 on The Gazette. Read Original → What it takes in this day and age to develop a brand, from conception to launch. Line up your financing For most operators launching a brand for the first time, securing financing will be the trickiest part to the process. Mike Rozman is the co-president and chief strategy officer at … Read More

From Battlefield to Business Ownership: SBA Loan Helps U.S. Army Veteran Shilo Harris Become a Franchise Owner

Jessica SarterBoeFly In The News, Successful Fundings

Shilo WIN

This article originally appeared in Franchising World, May 2013.  Read the Original → Nine years ago, Shilo Harris had probably never envisioned becoming a franchise business owner. At that point, Harris was just beginning his deployment in Iraq, where he served two tours as a cavalry scout in the U.S. Army. Three years later, in February 2007, his life changed completely … Read More

Financing site helps Tipton couple successfully remodel Hardee’s franchise

Jessica SarterBoeFly In The News, Successful Fundings

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 … Read More

Historic St. Joseph Home Restored to Become Luxury Bed and Breakfast

Jessica SarterBoeFly In The News

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 … Read More