ConnectOne Bancorp, Inc. Announces Agreement for Strategic Acquisition of BoeFly, a Leading Online Business Lending Marketplace

BOEblogUserPress Releases, Small Business Lending

April 12, 2019 07:00 ET | Source: ConnectOne Bancorp, Inc. ENGLEWOOD CLIFFS, N.J., April 12, 2019 (GLOBE NEWSWIRE) — ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the “Company” or “ConnectOne”), parent company of ConnectOne Bank (the “Bank”), today announced it has entered into an Asset Purchase and Assumption Agreement with BoeFly, LLC, a New York City based, privately held company, whose online business lending marketplace … Read More

BoeFly Tops $6.0 Billion of Small Business Loan Volume

Emma GrubmanPress Releases, Small Business Lending

The franchise industry, so dependent on financing to fund both start ups as well as its franchisees’ continuing growth, has turned to BoeFly in record numbers. BoeFly has supported franchisees from 600 unique franchise brands, a level unrivaled by any other loan marketplace. “We know that access to capital is critical to a new franchise owner, which is why we provide BoeFly to all new franchisees,” said Michael Osovksy, VP Strategic Initiatives & Chief Compliance Officer for Driven Brands, parent to Meineke, Maaco, CarStar and other top automotive brands.

Webinar – Increase Candidate to Franchisee conversion rates by 14 times

Jessica SarterFranchise Finance, Small Business Lending

In this recording of a webinar from 12/2/2015, two of the nation’s fastest growing franchise brands – Jamba Juice and Papa Murphy’s Take ‘N’ Bake Pizza – share insights on how they grow faster using BoeFly’s Franchise Sales & Financing System. Give a read to a 2-page case study describing how Papa Murphy’s enjoyed a 14 times higher lead-to-franchise sale … Read More

Craig Rector, Quiznos Franchisee

David NayorSmall Business Lending

Craig Rector, Quiznos Franchisee from BoeFly, LLC on Vimeo. “I went through BoeFly and they did the work and got me in contact with a lender out of Texas… [BoeFly] was the easiest part of the whole process.” — Craig Rector, Quiznos Franchisee

Alternative Business Funding vs. Traditional Bank Financing

David NayorSmall Business Lending

Most business owners and entrepreneurs need funding to operate. Whether, as a start up,  that money is needed for the initial equipment and business space, or it goes toward growing an established business, the financing has to come from somewhere, and the amount needed is usually greater than personal credit cards will allow. In these cases, the small business owner … Read More

Benefits of Using a Merchant Cash Advance for Your Business

David NayorSmall Business Lending

If you own a small business you have probably heard of a merchant cash advance (MCA) before. A tough economy, coupled with strict stipulations and loan parameters that have been set by traditional lenders, has led to an increase in popularity for this kind of alternative funding. You may be wondering how to decide if an MCA is right for … Read More

Business Loan Options For Poor Credit Applicants

David NayorSmall Business Lending

Starting a business can be very exciting. It can, however, also be daunting, especially when bad credit is an issue. But do not be discouraged: there are some routes to obtaining business loans for poor credit applicants that can reduce the difficulty of getting started. Financial institutions may offer various business loan options specifically for borrowers with poor credit.   … Read More

Technology Is Shaking Up Small Business Lending

David NayorSmall Business Lending

Karen Mills, former SBA Administrator, recently published a series of articles based on her report with Brayden McCarthy entitled: “State of Small Business Lending: Credit Access During the Recovery and How Technology May Change the Game.” The paper discusses the tight, post-recession credit market currently facing small business borrowers and how alternative online lending platforms are beginning to bridge this … Read More