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 … 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 … 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 … 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 … Read More
Earlier today, BoeFly President Mike Rozman spoke with Bob Coleman of the Coleman Report about the state of Franchise Lending and BoeFly’s Franchise Lending Spotlight Conference which will be taking place April 3rd, 2013 in Waltham Massachusetts. You can watch the full video here. If you would like to learn more about the Franchise Lending Spotlight Conference, please click here.
Originally published in Franchise Direct. Read the original article here. By: Holly Lewis Access to credit continues to be one of the primary interests of franchise partners and each year there are trends that highlight which sectors and banks are receiving the most lending overall, including Small Business Association (SBA) loans. With Boefly’s latest franchise lending index, we can consider some … Read More
Originally published on January 31st by ThurstonTalk.com. Read Original → It’s every working parent’s dream – a clean facility, caring teachers, and engaging play. But, sometimes finding the child care center that is best for your children can be a challenge. Enter Michelle Glacken and the Kiddie Academy. Glacken is a certified teacher that was ready to try something new. She … Read More
Originally published in the February 2013 issue of American Banker. Read Original → Community banks’ growing urgency to book commercial loans has provided a timely lift to companies that play matchmaker with borrowers. Groups like BancAlliance, BoeFly and the OhioBankers League that pair borrowers with lenders are upbeat about the prospects of signing new clients and boosting lending activity this year. … Read More
In a recent interview with Entrepreneur Magazine, International Franchise Association CEO Steve Caldeira mentioned BoeFly as one of the innovative, creative solutions to help both existing and prospective franchisees get into business or expand their business. Read the full interview at Entrepreneur.com.
Though recent reports saw small business lending up towards the end of 2012, experts are cautiously optimistic for lending in 2013. According to the most recent data from the Reuters/PayNet Small Business Lending Index (SBLI), the overall volume of financing to small businesses increased to 108.3 in November, up from September’s 14-month low of 94.1. But Bill Phelan, president and co-founder … Read More