For many entrepreneurs in Texas, going from bank-to-bank and filling out multiple loan applications in the current environment of tightening credit can be a frustrating and inefficient experience.
Recently, however, an increasing number of Texas businesses, including many in North Texas, are turning to a new online loan exchange called BoeFly that does for lenders and borrowers what online dating services do for singles.
“The average bank will spend 300 to 400 basis points in order to originate a loan,” said Mike Rozman, co-president of BoeFly. “There just needed to be a better way, so we established BoeFly as a technology solution for that.
Read More – Fort Worth Business Press