Multi-Unit KFC Franchisee in New York City Secures $2.4 Million Business Loan for 13 Locations

Jessica SarterPress Releases, Successful Fundings

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KFC LogoBoeFly announced today that a multi-unit KFC franchisee in New York City secured a business acquisition credit of $2.4 million for 13 KFC locations through a connection made by BoeFly.

The franchisee retained Reliance Capital Advisors (RCA), a business and commercial credit consulting firm in Iselin, N.J., to assist in obtaining credit for his acquisition. RCA worked with the franchisee to create a complete credit package on BoeFly. It was then compatibly matched to 19 of BoeFly’s more than 2,200 lenders nationwide, who requested access to the full loan package.

“BoeFly’s platform allows me to present my clients’ deals in an effective manner to a broad and interested audience of lenders to work effectively as a link between clients who are looking to finance their deals and lenders who are able to fund those deals,” said RCA. “The fact that 19 lenders requested access to the KFC loan package gave my client a range of financing possibilities in a fast and easy way.”

RCA ultimately connected with Kevin Kim, senior vice president and chief lending officer at NewBank in Queens, N.Y., who is funding the deal.

“I am very pleased by the connections I’ve made on BoeFly, and this is another example of a successful business we found on BoeFly,” Kim said.

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