Financing tool plays matchmaker for businesses, lenders

Jessica SarterBoeFly In The News Logo

By Ross Boettcher
WORLD-HERALD STAFF WRITER LogoWhen Stephanie and Wesley Klaus started looking for a business loan they needed to launch Omaha’s first Lenny’s Sub Shop franchise, they quickly became overwhelmed.

Those two months came and went in a hurry, and nine months later, the Klauses were still searching for answers after three approved financing deals crumbled at the last minute, said Stephanie Klaus, 31.

“We were actually at the point where we were going to give up on it,” Klaus said. “There are thousands and thousands of banks and it was next to impossible for us to pick one out.”

Then, early this year, the Klauses were approached by officials from Lenny’s corporate headquarters in Memphis, Tenn., about a new online product, called BoeFly, that the company had just started using to secure financing for other franchisees.

BoeFly, based in New York City, functions much like an online dating service, only for businesses and financial institutions. Businesses seeking loans or financing plug all of their requirements and necessary documentation into the site, which then matches the business with banks that are looking for certain types of loans.

Two weeks after setting up their BoeFly profile and submitting their critical business documents, the Klauses had 13 funding offers from Nebraska banks.

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