BoeFly is thrilled to be a platinum sponsor of the FranConnect: Best Ideas & Leadership Summit taking place from August 6-8 in National Harbor, Maryland. The annual conference is designed for senior franchise executives to learn about and discuss the most efficient methods to operate, market and grow their businesses. Our own co-president, Mike Rozman will be speaking on the panel entitled “Looking Into the Crystal Ball” during which he will be focusing on small business capital accessibility and what’s to come.
“Modern technology is accelerating this process entirely,” says Rozman. “It is the brand’s job to use these new methods to better connect with their franchisees, as well as place them in a confident position to secure financing.”
Many franchises are using bQual software as part of this key strategy. Franchisees and other business borrowers can use bQual to better understand their fundability and may even get prequalified for a loan. The report delivers the borrower’s FICO SBSS Small Business Credit Score (used by lenders nationwide and required for all SBA loans less than $350,000), a personal consumer credit score and credit bureau report, and a detailed financing assessment.
Tropical Smoothie Café’s Vice President of Franchise Development, Charles Watson, will be discussing his company’s use of bQual on the panel entitled “Lead Generation Strategies and Improving Franchise Recruitment.” Tropical Smoothie Café issues bQuals to franchisee candidates so that both brand and borrower have access to crucial information and knowledge before moving forward. The FranConnect Summit is posed to be a great success.