San Antonio Veterans to Become Franchise Business Owners

US Small Business Administrator Karen Mills to Speak at Veterans Day Event   When:                  November 12, 2012, 2 p.m. Where:                 Lenny’s Sub Shop, 1015 Rittiman Road, San Antonio, TX 78218 Local Angle:        Maj. Cody Roberson (U.S. Army Reserve, Fort Sam Houston), new owner, Lenny’s Sub Shop SSG. Shilo Harris (U.S. Army, Ret.), local wounded warrior veteran, new owner, WIN Home Inspection What’s News: Local military/veteran business success story for Veterans Day. VIP’s including SBA Administrator Karen Mills coming to San Antonio to highlight how the SBA has helped veterans start, grow and expand small businesses. The International Franchise Association, representing the franchise industry, … [Read more...]

Best Practices in Buying/Selling a Business with a Focus on Financing

This webinar has already occurred, but you can watch the recorded webinar here. There are countless issues facing sellers and buyers of a small business.  Sellers grapple with: When is the right time to sell?  What is the best way to offer their business for sale?  Is a broker necessary, or are there alternatives?  Buyers meanwhile seek to answer: What is the best way to find a business to purchase?  What diligence should be conducted on the target business?  What role does financing play into the transaction? BoeFly, the online marketplace connecting business borrowers and lenders, is assembling a panel of experts to get answers to these important questions. Topics to be covered include: • A review of the current environment for business acquisition transactions • … [Read more...]

Personal Guarantees 101 – Small Business Loans

  BoeFly, in connection with Asterisk Financial and the International Franchise Association, is bringing together experts to share perspective into Personal Guarantees in today's credit environment. Many loan recipients sign personal guarantees for small business loans without a thorough understanding of what they truly mean – to their business, their personal assets, or their family. Some sign a personal guarantee because they feel they have no choice. A select few know that there are measures they can take to protect themselves.  In this panel discussion, business, legal and lending experts will share insight into what loan products do and do not need a personal guarantee, the secrets to negotiating your personal guarantee and other ways of protecting your personal assets … [Read more...]

How Leading Brands Leverage Technology to Help Franchisees with Financing

Are credit markets improving for franchising?  Join industry leaders for this franchise finance webinar as they reveal tips, tricks and technologies to unlock the credit box for franchise growth. In addition to franchisors, hear from a lender about how banks use an online marketplace to access franchise borrowers.   The discussion focuses on BoeFly, the online marketplace connecting franchisees with more than 2200 lenders.  BoeFly is a Preferred Provider and partner in the IFA's Credit Access Campaign.  The webinar is designed for senior franchise executives and bankers interested in franchise lending.   Register Here for the webinar on July 24th, 2012 at 2:00 PM EDT Moderator: Beth Solomon,  International Franchise Association, VP, Strategic … [Read more...]

This Week on Franchise Today – Small Business Lending Summit Preview

This week on Franchise Today, host, Paul Segreto, and co-producer, Joe Caruso welcome David Nayor, Co-President and COO, and co-founder of BoeFly, one of the primary hosts and sponsors of the upcoming Small Business Lending Summit in Washington DC on April 17th. David will provide his insight into the Summit as well as share his perspective on the current state of small business lending and credit access.  … [Read more...]

BoeFly Lender of the Year Award

Mike Rozman And Kevin Ellis Lender Of The Year

Congratulations to Kevin Ellis, BoeFly's Lender of the Year Recipient! … [Read more...]

BoeFly to attend IFA Convention: February 11-14

BoeFly will be attending IFA Annual Convention's Financial Summit starting on on Feb 11th: "Some in franchising say small-business lending is up, but many current and potential franchisees are struggling to get loans. Where are the solutions? At the IFA Annual Convention's Financial Summit on Feb. 12, 28 experts from Bank of America, JPMorgan Chase, alternative lenders, the SBA and The Wall Street Journal, along with accomplished franchise leaders, will hash out the challenges and potential answers. Don't miss this solutions-driven dialogue among the industry's inside players. The IFA Annual Convention is Feb. 11 to 14 in Orlando, Fla." via  SmartBrief.com … [Read more...]

Exploring the Bank Credit Report Webinar

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  We repeatedly hear banks say they want to understand the franchise brand and not just the franchisee borrower.  Join us for a complimentary webinar as leading lenders and franchisors explore this topic and discuss the role the Bank Credit Report, produced by FRANdata, plays in this area. Join Us  March 1, 2012 at 2:00 ET.  Visit here to register Topics to be covered include: An overview of the Bank Credit Report (SM) How banks use the report in their credit decision process How do growing brands use the report Is the report a fit for young/emerging brands What if the report presents a less than positive view Panelists include: CiCi's Pizza - Jeff Moran, Assistant Corporate Controller Kiddie … [Read more...]

Top Business Lenders Discuss Best Practices in Franchise Finance

Top Business Lenders Discuss Best Practices in Franchise Finance  Around the country banks are being faced with a question:  “should franchise loans be evaluated differently than independent business loans?  And if so, what are the best practices in originating and closing franchise loans?” BoeFly has assembled a panel of leading lenders, including a national, regional and community bank, an equipment leasing firm, a specialty finance company and an independent analyst to explore this important topic. Join us to hear from this expert panel about what is important to them in evaluating franchise loans. January 11, 2012 at 2:00 ET, Click here to register Atlantic Coast Bank - Kevin Ellis, VP Balboa Capital - Robert J. Rasmussen - COO, Chief Risk Officer Bank of … [Read more...]

Business Lender Of The Year Nomination 2011

BoeFly announces the 2011 BoeFly Lender of the Year Award Competition.  The Award recognizes those top lenders who have exhibited the attributes of the Ideal BoeFly Lender in 2011.   Innovative Responsive Serves their client’s needs Embraces smart technology Is diligent Executes well All BoeFly members – business borrowers, franchisors, professional consultants and lenders - are invited to nominate the lender(s) with whom they have interacted during the previous year who exemplify the attributes of the Ideal BoeFly Lender.  Self-nominations are welcomed.  The winner will be selected by the BoeFly Lender Award Committee, which includes Bob Coleman, publisher of the Coleman Report, a leading publication dedicated to small business lending and Mary Jo Larson, … [Read more...]