Franchisors and franchisees, reeling from the pandemic and the government-issued closures, are grappling to comprehend the “new normal.” Financing, the lifeblood of franchising, has experienced major shifts and it is critical for businesses to understand the market. BoeFly assembled industry experts to share their perspective on the state of franchise lending and tips to thrive in the new normal. Expert … Read More
BoeFly, the leading loan marketplace for the past 10 years, will host daily live webinars to explain the latest updates to the SBA CARE LOAN, signed into law on 3/16/2020. You qualify if you were an established business on March 1 and have fewer than 500 employees (500/location in the restaurant industry). The webinar will cover: Loan program details Next … Read More
Review of the SBA Paycheck Protection Program, who is eligible, and how to secure your money from the government!
Your bank has unilateral authority to provide temporary relief in the form of a deferment. With unilateral authority your bank can act without SBA approval. Banks can defer your loan for up to three or six months. [A max deferment of three months if the bank has sold the guaranteed portion of your loan; a maximum of six months if the bank has retained the loan.]
Streamline you diligence and identify issues early with bVerify by BoeFly. bVerify conducts an asset verification, yielding confirmed, net worth & liquidity, and provides a detailed credit check and background check on candidates for brands. Watch this 30 minute webinar to learn more.
BoeFly vetted me for the franchisor and at the same time BoeFly delivered me a financing offer. I was busy searching for real estate and covering other matters and didn’t have time to search for financing.
After extensive research we decided that Gyroville, a restaurant franchise, was right for us. We ended up securing an SBA loan from a bank halfway across the country which we never would have found without BoeFly.
NEW YORK – Sept. 24, 2019 – PRLog — BoeFly, the franchise sales and financing system that has supported franchisees from more than 600 unique brands, announced that Joseph and Mara Cremen, new franchisees of emerging franchise concept Factory Donuts, secured an SBA loan through BoeFly to open their first location in Doylestown, PA. Joseph and Mara were drawn to the quality and experience of … Read More
ConnectOne Bancorp to Acquire BoeFly BY MARY JO LARSON “We were looking for an entrepreneurial bank,” said Mike Rozman, CEO and co-founder of online lending platform, BoeFly. “There aren’t a lot of them out there. We needed to find that leadership who thought entrepreneurially; it wasn’t going to work otherwise.” He’s speaking about the recent announcement that ConnectOne Bancorp will … Read More