BoeFly connects Frisco, Texas borrowers with lender for a business start-up loan to open an ice cream franchise on October 5th
PRLog (Press Release) – Oct. 1, 2013 – NEW YORK — FRISCO, Texas – BoeFly, 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 Heidi and Tom Ackerman, husband-and-wife franchisees of a soon-to-be-opened iCream Café in Frisco, Texas, secured a small business start-up loan from First National Bank Southwest through a connection made by BoeFly.
iCream is a franchise with an innovative new concept using a liquid nitrogen machine to freeze ice cream, yogurt and sorbet from scratch. The Ackermans will have the Grand Opening of their shop on October 5th.
Together, the Ackermans have over 40 years of experience in the foodservice and management industry. Heidi, who currently works for the Frisco Independent School District’s Child Nutrition Department, was a general manager at Subway for more than 11 years. Tom is a 22-year veteran of Frito Lay and will continue to work for the company while managing iCream on weekends.
“When Tom and I were first looking for a loan, we wanted the process to be as easy and efficient as possible, and luckily the Collin County SBDC directed us to BoeFly. BoeFly was an essential tool that helped us link with a bank and secure the funding we needed to open our shop,” said Heidi Ackerman. “Now that we have our loan, we look forward to bringing a new, unique ice cream shop to the area.”
When the Ackermans submitted their loan request, BoeFly matched their request with several compatible lenders. They ultimately chose to work with Carol Atkinson, VP Texas Group Sales Manager at First National Bank Southwest in the Dallas area.
“BoeFly is an effective platform for connecting my bank with qualified small business borrowers such as the Ackermans,” Atkinson said. “The financing request they provided was comprehensive, which was imperative to finalizing the deal.”
Mike Rozman, co-president of BoeFly, views this success story as a practical and encouraging solution to the widespread issue of small business credit access.
“The Ackermans initially faced a common challenge among small business owners nationwide in efficiently accessing the capital they need,” said Rozman. “Fortunately, BoeFly has helped them and many others efficiently secure financing to start up or grow their businesses, and we look forward to continuing to work with qualified borrowers such as the Ackermans and reputable lenders like First National Bank Southwest to help drive small business growth and create new jobs.”
BoeFly makes it easier to obtain small business loans (http://www.boefly.com/) by reducing the time, cost, complexity, inefficiency and frustration associated with small business lending. Its online proprietary matching technology connects small business borrowers with multiple lenders from among its more than 2,200 participating banks, based on the lending profiles provided by the banks and the information provided in the borrower’s loan request.
Borrowers build a complete decision-ready loan request online using BoeFly’s exclusive “SmartForm” technology which, when completed, provides the information that more than 2,200 lenders nationwide indicated to BoeFly they want to see before moving forward with a loan request. The SmartForm is easy to use and guides borrowers through the process. Once BoeFly’s matching technology identifies compatible lenders, borrowers then have complete control over which lenders can instantly access their loan request. Using BoeFly, borrowers can connect with multiple lenders quickly and easily, providing a greater probability of obtaining a loan, as well as more favorable loan terms resulting from the creation of a competitive marketplace. Lenders benefit by being presented with only those loan requests that fit their lending profile, dramatically lowering their cost and time of origination. BoeFly is not a broker. Borrowers pay a small one-time fee and lenders pay an ongoing subscription fee.
BoeFly, now a strategic ally of the International Franchise Association to expand credit access within the franchise community (http://www.boefly.com/ifa.cfm), offers a Franchise Solution bringing these benefits to the large and growing small business franchisee community and is the choice of more than 125 brands, including Dunkin’ Donuts, Carl’s Jr., Express Personnel and Kiddie Academy, among many others.
BoeFly’s Affiliate Solution is the financing exchange chosen by the Association of Small Business Development Centers, representing approximately 1,000 centers nationwide, which are funded in part by the U.S. Small Business Administration, to serve small businesses, and Franchise Gator, the leading site for information on franchise opportunities.
BoeFly was founded by small business owners and small business lending experts with extensive small business lending experience. The company is privately-held and is based in New York City. http://www.boefly.com.
About iCream Café
iCream is an LLC franchise with an innovative new concept that delivers a unique experience of food and fun for guests offering hundreds of different flavor combinations every day. We use a state of the art liquid nitrogen machine to freeze every ice cream, yogurt and sorbet from scratch. iCreams’ mission is to bring the tastiest and healthiest desserts to Frisco and surrounding communities, offering a variety of fresh ingredients and delivering high standards of quality and freshness.
As originally posted on prlog.org