Video – The State of Franchise Lending & Tips to Thrive – – June 16, 2020

BOEblogUserEvents, Franchise Finance

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

SBA CARES Act: Paycheck Protection Program Loan Update

Mike RozmanEvents, SBA Loans

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

Coronavirus (COVID-19) Capital Access Relief Options

Mike RozmanFranchise Finance, Press Releases

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.]

Factory Donuts Franchisees Rely on BoeFly to Get Franchise Loans

BOEblogUserPress Releases, Successful Fundings

factory-donuts-spinning-logo-2

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

Restaurant Finance Monitor interview with Mike Rozman

Emma GrubmanBoeFly In The News, News & Events

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