Great Clips Franchisee in Northern New Jersey Secures SBA Loan to Open Salon

Jessica SarterPress Releases, Successful Fundings

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Great Clips LogoBoeFly, the premier online marketplace connecting small business borrowers with lenders and a strategic ally of the International Franchise Association (IFA) to expand credit access within the franchise community, announced today that David Kim, a Great Clips franchisee in Vauxhall, N.J., secured an SBA-guaranteed loan through a connection made by BoeFly. Great Clips is the world’s largest salon brand, with 3,000 salons throughout the United States and Canada.

“I knew financing would be a challenge when I decided to open my salon, and BoeFly’s service proved to be instrumental in connecting me with a lender in a fast and efficient way,” said Kim. “Now I am able to focus my efforts on preparing to open the salon, create additional jobs and provide excellent service to our customers.”

When Kim submitted his loan request to BoeFly, he posted 14 supporting documents, and the Great Clips brand presented 10 supporting documents. Seven lenders, including the bank that funded Kim’s loan, requested to view his complete loan package.