BoeFly connects an Edgewater, New Jersey borrower with a Pennsylvania bank to help finance her first Great Clips franchise, which opened April 27th Karen Abrams, a Great Clips franchisee in Edgewater, New Jersey secured a start-up loan from a Pennsylvania bank to finance the opening of her first franchise as a result of a connection made by BoeFly.  In addition to being an entrepreneur, Abrams is an attorney representing small business owners. She learned about BoeFly after Great Clips recommended the platform as an effective financing resource.  “From my experience, BoeFly is the most efficient way for a small business owner to seek and secure bank financing,” Abrams said. “I chose Great Clips because they support their franchisees, and the fact that they recommend BoeFly to … [Read more...]

Nancy and Dan Cappello, husband-and-wife franchisees of a soon-to-be-opened Wings Etc. restaurant in Antioch, Ill., secured an SBA-guaranteed start-up loan from Ridgestone Bank in Chicago through a connection made by BoeFly. On Tuesday, April 16th, the Cappellos will welcome customers to the restaurant for the first time for their soft opening following several months of construction and preparation. Financing was also a critical step for the Cappellos in starting their Wings Etc. They found the BoeFly platform to be very efficient in helping them build a secure financing request online and connect with several serious lenders who competed to fund the loan. “This was our first time seeking financing, and BoeFly worked wonderfully,” the Cappellos said. “The process was … [Read more...]

Isobel McGowan and Walter Keller, the owners of the Shakespeare Chateau Inn and Gardens in St. Joseph, Mo., have secured a $500,000 25-year SBA loan from a Kansas bank through a connection made by BoeFly to reopen the landmark and bring a new tourist destination to St. Joseph. The reopening of the Chateau as a key tourist destination has not only preserved and restored the fine architectural and decorative features of the mansion, but it will also continue to contribute to a broadened appreciation for local history, enhanced tourism and new opportunities within the arts community,” said McGowan. “However, our vision for the landmark would never have been a reality without the adequate financing, and we are extremely glad that BoeFly connected us with a lender we never would have met … [Read more...]

BoeFly connects Richmond, Va. husband-and-wife franchisees with local bank for a start-up SBA loan to finance Richmond’s first TCBY location, which opened in December 2012   Les and Claudia Davis, husband-and-wife TCBY franchisees in Richmond, Va., have been able to secure a start-up SBA loan through a connection made by BoeFly.  With the loan, the Davises opened Richmond’s first TCBY store, located at 9468 West Broad Street, in December. TCBY (The Country's Best Yogurt), part of Famous Brands International, is an international franchise chain of frozen yogurt stores and the largest U.S. retailer of soft-serve frozen yogurt with live active cultures.   “As entrepreneurs, Les and I have learned the great amount of efficiency and resourcefulness required in the … [Read more...]

BoeFly connects a Berwyn, Ill. borrower with New York-based World Business Lenders for a $15,000 working capital expansion loan As part of its ongoing mission to help connect small business borrowers with lenders, BoeFly announced today that that Genaro Toro, a Jackson Hewitt Tax Service franchisee in Berwyn, Ill., secured a working capital expansion business loan of $15,000 for his franchise from World Business Lenders in New York, N.Y. through a connection made by BoeFly. After Toro posted his complete loan request and supporting documents onto BoeFly’s online platform, 12 lenders requested to view the deal. After evaluating his options, Toro decided to work with World Business Lenders, a non-bank lender offering short-term small business loans of up to one year. "World Business … [Read more...]

BoeFly connects a Chicago, Ill. borrower with a bank to help finance the opening of his first Great Clips franchise When Sandip Patel submitted his loan request to BoeFly, he received several requests from banks to view his complete loan package and ultimately chose a leading national lender. “I have found BoeFly to be an extremely effective resource to help me find the capital necessary to get started as a Great Clips franchisee,” said Patel. “As an entrepreneur, I appreciate the value and efficiency the BoeFly platform offers, and I am very pleased I was able to connect with Chase Bank for my loan.” Great Clips is among more than 125 franchise brands that have selected BoeFly to assist its franchisees in obtaining bank financing. “The number of Great Clips franchisees … [Read more...]

BoeFly connects Hickory, N.C. borrowers with a local bank for an SBA expansion loan to open their second Papa Murphy’s location in Charlotte Papa Murphy's is the fifth-largest pizza chain in the country and the pioneer and leader of the take-and-bake pizza segment. Papa Murphy's operates more than 1,300 franchised and corporate-owned locations in 37 U.S. states and Canada. “When we decided to expand and open a second store, Sharon and I wanted the process of seeking an expansion loan to be as efficient as possible, and Papa Murphy’s was very helpful in positioning BoeFly as a resource that helped us connect with a bank and secure the financing we needed,” said Mark Slaughenhoupt. “We look forward to opening our second location and bringing quality take-and-bake pizzas to our … [Read more...]

Sloan’s Ice Cream to offer BoeFly’s Concierge Team Services to its franchisees nationwide Sloan Kamenstein founded Sloan’s Ice Cream in 1999 in West Palm Beach, Fla. Since then, Sloan’s Ice Cream shops have become destination favorites for South Florida residents and visitors alike. Plush toys line the walls, Sloan’s homemade sweets fill the countertops, and rich original ice cream flavors are served, made from the finest ingredients. Now, Sloan and his leadership team are launching an aggressive franchise growth strategy targeting Florida, California, the Carolinas, Georgia, New York and New England, along with additional areas nationwide. Sloan’s has already signed two franchising agreements, one with a franchisee in Southern California, another in South Florida. Company … [Read more...]

CUPS to offer BoeFly’s Concierge Team Services to its franchisees nationwide. CUPS Frozen Yogurt – That’s Hot™, the hip self-serve fro-yo concept, has selected BoeFly to assist its franchisees in obtaining bank financing. Since opening the first CUPS in Clifton, N.J. in November 2010, CUPS has taken a leadership position in the self-serve frozen yogurt industry becoming the local hot spot for teenagers and adults alike who make their own fro-yo concoctions, choosing from 24 yogurt flavors, more than 50 different toppings and three sauces. CUPS currently has 10 locations in the New York, New Jersey metro area and has recently announced the signing of 13 new area development agreements representing 25 franchise units in New Jersey and Florida. “It’s more of a club-like … [Read more...]

The Johnny Rockets Group, Inc., a leading global restaurant chain providing a classic all-American experience, has selected BoeFly to assist its franchisees in obtaining bank financing. Nearly half (49.2%) of the respondents in a recent survey by the IFA of its members identified “financing/access to credit” as the top issue of concern to franchise business leaders.  In response to this concern, and bolstered by its success in helping many individual franchisees obtain financing, BoeFly created a portfolio of services for the franchisor market. Through BoeFly, they can offer their franchisees access to a network of lenders through the posting of a single loan request on BoeFly’s Internet-based loan exchange, assistance in creating an effective loan request, and support managing … [Read more...]