TAMPA, Fla. – 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 Mark Van Dame, franchisee of the Tampa area’s first Jake’s Wayback Burgers restaurant, secured a start-up loan through a connection made by BoeFly.
Van Dame, a Lithia resident, has more than 17 years of experience in senior-level general, operations and human resources management roles in the consumer products industry. He is excited to have recently opened his Jake’s Wayback Burgers location on August 16th.
“When I decided to open my first restaurant franchise, I knew financing it would be a challenge, and I expected a long and tedious process toward securing a bank loan,” Van Dame said. “Fortunately, that wasn’t the case. Jake’s Wayback Burgers directed me to BoeFly, which made the financing process far more efficient than I thought it would be, and it has allowed me to completely focus my efforts on getting my franchise up and running.”
Van Dame’s loan request received interest from several lenders across the country, and after evaluating the financing options, he chose to work with HomeBanc N.A. in Sarasota, Fla.
“HomeBanc has signed up with BoeFly in an effort to source qualified borrowers, especially those we would not otherwise meet without the help of its online platform,” said John Hanlon, vice president of commercial lending at HomeBanc N.A. “Mark Van Dame’s loan application was a great match for our criteria, and because of BoeFly, we were able to close the deal with him quick and efficiently.”
Van Dame learned about BoeFly at the recommendation of Jake’s Wayback Burgers, which is among more than 125 franchise brands that have selected BoeFly to assist their franchisees with financing support.
“Jake’s Wayback Burgers makes a diligent effort to support our franchisees with critical areas of starting and growing their businesses, and financing is one of those key areas,” said John Eucalitto, President of Jake’s Wayback Burgers. “To help our franchisees get their restaurants funded, we strongly recommend BoeFly as an effective resource to connect them with the best lenders for this financing needs, and Mark Van Dame’s story is one example of our franchisees successfully using the platform.”
BoeFly Co-president Mike Rozman views this success story as an uplifting solution to the widespread issue of small business credit access in the U.S.
“It is always encouraging to see small business owners, franchisors and lenders taking advantage of more efficient solutions to the challenge of accessing capital in today’s tight small business credit market,” said Rozman. “BoeFly has helped Mark Van Dame and many others efficiently secure financing to start up or grow their businesses, and we look forward to continuing to work with reputable franchisors like Jake’s Wayback Burgers and lenders such as HomeBanc N.A. to help drive small business growth and create new jobs.”
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