‘Reducing the Friction’, BoeFly Helps Franchisors Close Deals Faster

Katie MurraySmall Business Lending

“Franchisors understand that time kills deals,” says Mike Rozman, President of BoeFly, reciting an oft-used phrase especially applicable to the sometimes-drawn-out process of signing an agreement with a new franchisee. And it’s especially applicable to franchisee financing, which, if left until the tail end of the sales process, can delay and even derail a deal. “Franchisors recognize this,” continues Rozman, … Read More

ConnectOne Bancorp, Inc. Announces Agreement for Strategic Acquisition of BoeFly, a Leading Online Business Lending Marketplace

BOEblogUserPress Releases, Small Business Lending

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

BoeFly Tops $6.0 Billion of Small Business Loan Volume

Emma GrubmanPress Releases, Small Business Lending

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.

Webinar – Increase Candidate to Franchisee conversion rates by 14 times

Jessica SarterFranchise Finance, Small Business Lending

In this recording of a webinar from 12/2/2015, two of the nation’s fastest growing franchise brands – Jamba Juice and Papa Murphy’s Take ‘N’ Bake Pizza – share insights on how they grow faster using BoeFly’s Franchise Sales & Financing System. Give a read to a 2-page case study describing how Papa Murphy’s enjoyed a 14 times higher lead-to-franchise sale … Read More

Start-Up Small Business Loans & Business Loans Under $150K Increase

David NayorSmall Business Lending

  Small business loans for start-up businesses under the SBA’s 7a loan program, increased to 8,320 for the seven month period ending April 30, 2014 according to the U.S. Small Business Administration. This represents an approximate 5% increase over the same period last year.  These start-up loans represented approximately 31% of the business loans approved during this period. The emphasis … Read More

Are Emails More Effective than Social Media for Small Businesses?

Jessica SarterSmall Business Lending

Email Vs Social

Citing a recent survey McKinsey Consumer Survey, a McKinsey Insights article reported that e-mail is nearly forty (40) times more effective than Facebook and Twitter combined when it comes to acquiring customers. One of the reasons given is that 91 percent of U.S. consumers use email on a daily basis.  The article cautions e-mail campaigns to focus not only on the … Read More