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.]
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
April 12, 2019 07:00 ET | Source: ConnectOne Bancorp, Inc. ENGLEWOOD CLIFFS, N.J., April 12, 2019 (GLOBE NEWSWIRE) — ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the “Company” or “ConnectOne”), parent company of ConnectOne Bank (the “Bank”), today announced it has entered into an Asset Purchase and Assumption Agreement with BoeFly, LLC, a New York City based, privately held company, whose online business lending marketplace … Read More
Seasoned multi-unit franchisees acquire existing location in first of many planned units NEW YORK – March 28, 2019 – BoeFly, the premier marketplace for small business borrowers and lenders which has supported franchisees from more than 600 unique brands, announced that Ryan Debin and Mark Murphy, Launch Trampoline Park franchisees, secured an SBA franchise loan through BoeFly to acquire an existing location. Ryan, who … Read More
New AAMCO Franchisees Secure Small Business Loan Through BoeFly Mar. 22, 2019 / NEW YORK — BoeFly, the premier marketplace for small business borrowers and lenders which has supported franchisees from more than 600 unique brands, announced that Curtiss and Sara Rasmussen, new AAMCO franchisees, secured an SBA loan through BoeFly to acquire their first AAMCO. Curtiss, a longtime manager … Read More
Paula and James Bullock, Tropical Smoothie Cafe franchisees, secured an SBA loan through BoeFly to open their first Tropical Smoothie Cafe. When it came to sourcing financing for their start-up franchise, the couple was introduced to BoeFly, which proved to be an excellent resource. Paula and James already had a significant workload in running their existing businesses, so the two greatly valued BoeFly’s streamlined workflow and dedicated support throughout the financing process
New York, New York – BoeFly, the premier marketplace for small business borrowers and lenders which has supported franchisees from more than 600 unique brands, announced that a new franchise owner, recently acquired two existing Pure Barre studios after using BoeFly to source funding for the acquisition. The new franchisee, a proven business executive who is staying in his current … Read More
The franchise industry, so dependent on financing to fund both start ups as well as its franchisees’ continuing growth, has turned to BoeFly in record numbers. BoeFly has supported franchisees from 600 unique franchise brands, a level unrivaled by any other loan marketplace. “We know that access to capital is critical to a new franchise owner, which is why we provide BoeFly to all new franchisees,” said Michael Osovksy, VP Strategic Initiatives & Chief Compliance Officer for Driven Brands, parent to Meineke, Maaco, CarStar and other top automotive brands.