BoeFly recently helped connect Asheville, NC business owners; Jerome and Vladimira Lorenz with a local commercial lender willing to provide the startup loan they needed to help open a new Kiddie Academy® Child Care center.
With a background in business finance and banking, Jerome knew startup financing was going to be a key factor in successfully getting the business up and operating properly. The Kiddie Academy® franchise suggested using BoeFly to help simplify and speed up the business loan application and retrieval process.
After 16 lenders from the BoeFly platform had connected with the husband and wife team about financing their request, they ultimately chose local community bank lender; Craig Kaffenberger. Kaffenberger states that he also frequently uses BoeFly to connect with bank-ready borrowers like the Lorenz’s to help increase his deal flow.
The Lorenz’s turned to the Kiddie Academy® franchise to help them learn the business and navigate funding sources that will help the business grow. Like many other franchises, Kiddie Academy® suggests BoeFly to their franchisees as an option for obtaining alternative financing to set them up for success right out of the gate.
“This success story is yet another example of how BoeFly has helped our franchisees get connected to the right lenders, which in turn has enabled the Kiddie Academy® system to grow.”
-Lene Steelman, Vice President of Finance of Kiddie Academy®.
BoeFly has developed a strategic alliance with the International Franchise Association (IFA) in order to assist Franchisors and Franchisees in having access to small business loans and obtaining financing more efficiently with over 3,600 active lenders in the online marketplace.
Read The Full Press Release Here: Husband and Wife Team Leaders Turn to Small Business Ownership and Secure Small Business Loan to Open a Kiddie Academy® Child Care