Has your Access to Credit Improved During the Past Six Months?

Jessica SarterBoeFly In The News

Higgins Hame

That’s the question Franchise World magazine asked business owners in their December issue.     Ken Higgins, president of HaHa Brands LLC and owner of three HoneyBaked Ham stores in the Baltimore Area, admitted that the credit market is still challenging.  However, he recommended staying local, being resourceful and creative, and looking to BoeFly.     Higgins writes: “In my experience, … Read More

Franchises Are Expected to Outpace Other Industries in 2013

Jessica SarterBoeFly In The News

franchises-expected-outpace-other-industries

via Entrepreneur (By: Cheryl Munk) The coming year isn’t likely to be a home run for franchise growth, but it won’t be a no-hitter either. The number of franchise establishments in the U.S. is expected to rise by a modest 1.4 percent to 757,055 in 2013, according to a report released yesterday by the International Franchise Association (IFA). The industry grew by 1.5 … Read More

New Funding Source For Veteran Entrepreneurs

Jessica SarterBoeFly In The News

Veteran's Business Fund Screen Shot (150)

Loan program helps veterans access capital at low rates to buy a franchise or start a business The VBF provides capital to veterans in the form of a non-interest bearing loan with very favorable repayment terms. The VBF was established to help veteran entrepreneurs get equity financing to start a franchise or another type of independent small business. Veterans who … Read More

Top Trends in Franchising

Jessica SarterBoeFly In The News

Blue Mau Mau Logo

Originally posted by Mike Sheehan on Blue Mau Mau The credit crisis that began in 2007 is driving many of the developing trends in the franchise industry. Franchisors are refranchising, providing financial incentives and funding support to franchisees and pivoting toward multi-unit franchisees, all at least partly in response to credit access issues. Franchisor Funding Support & Franchisee Incentives With … Read More

From Battlefield to the Business World — Veterans Make It on Their Own

Jessica SarterBoeFly In The News

Veteran's Business Fund Screen Shot (150)

Originally posted by Laurie Kuilowski on TheStreet.com  Still, for all the effort being put into motion to turn more military vets toward entrepreneurism, in the end it is all about money. Starting a business or a franchise requires savings that not many military vets (especially the younger veterans) are like to have. One new organization taking an initiative to help … Read More

The Place Where Veterans Found 64,000 Jobs

Jessica SarterBoeFly In The News

Carol Tice, of Forbes, reports that franchising is one bright spot in an otherwise bleak job outlook for unemployed veterans. Most people probably think of fast-food restaurants when they think of franchising, but the industry is far more diverse than that. Many franchises involve getting out in the community or working outdoors, doing jobs from house painting to pet care … Read More

BoeFly in TheStreet: 3 Things You Should Know About Small Business

Jessica SarterBoeFly In The News

Veteran's Business Fund Screen Shot (150)

BoeFly was featured today in TheStreet.com for it’s launch of the Veteran’s Business Fund. The Veteran’s Business Fund is a not-for-profit organization created by BoeFly and is specifically designed to provide the equity injection needed to obtain a small business loan in today’s lending climate.  By providing low interest loans through the Veteran’s Business Fund, Veterans can now obtain access to … Read More

Helping Businesses and Banks Hook Up

Jessica SarterBoeFly In The News

Bloomberg Businessweek

Originally Published in Bloomberg Businessweek.  Written by Nick Leiber , Small Business editor for Businessweek.com  The middlemen aren’t lenders and don’t act like traditional loan brokers, who tend to specialize in a single industry. Instead, the sites analyze would-be borrowers’ financial data to assess risk, then funnel their assessments to banks, credit unions, and alternative lenders. The amounts requested generally range … Read More

Butler Radio Interview: Fresh2Order & Kennedy’s Cuts Financings

BOEblogUserBoeFly In The News

Butler Business Interview With Lending Marketplace

Atlanta’s premier business talk show host, Allen Butler, is joined in studio by Mike Rozman, BoeFly co-president. During the discussion, Butler and Rozman cover the best way to seek a small business loan, whether or not banks are lending today, and the benefit of getting banks to compete for a small business owners financing needs.  Hear the story of how … Read More

Unique financing helps Saladworks sprout up

Jessica SarterBoeFly In The News, Successful Fundings

Saladworks Logo

A husband-and-wife franchisee team, Mark and Ebony Satterfield of East Stroudsburg, are preparing to open the Pocono area’s first Saladworks restaurant this year, largely thanks to a $340,000 start-up Small Business Association loan, but they took a very uncommnon route to this area. The couple harnessed the effort of BoeFly, an online marketplace that works like a Match.com for small … Read More