BoeFly connects a Stroudsburg, Pa. borrower with a bank for a start-up loan of $340,000 to open a Saladworks franchise
New York, NY – BoeFly, the premier online marketplace connecting small business borrowers with lenders and a strategic ally of the International Franchise Association (IFA) to expand credit access within the franchise community, announced today that JTS Enterprises, LLC, a Saladworks franchisee in Stroudsburg, Pa., secured an SBA-guaranteed loan of $340,000 through a connection made by BoeFly to open Saladworks’ first Poconos location. Saladworks is the nation’s first and largest fresh-tossed salad restaurant concept with over 100 franchise locations across the country.
“We found BoeFly incredibly easy to use, and we were blown away at how many serious lenders we met,” said Mark and Ebony Satterfield, the East Stroudsburg husband-and-
When the Satterfields submitted their loan request to BoeFly, they received requests from 13 lenders to view their loan package.
“We will certainly use BoeFly when we need capital to open up our future Saladworks locations,” they said.
The Satterfields used BoeFly at the recommendation of Saladworks, which has selected the platform to assist its franchisees in obtaining bank financing.
“Saladworks franchisees have found success in the past with BoeFly, and we use the service in an effort to support our franchisees with the challenge of financing,” said Jason Mattes, vice president of development for Saladworks. “We were thrilled that the service helped the Satterfields become first-time owners, and are confident in the BoeFly platform and the future success it could bring to Saladworks franchisees.”
“It is nice to work with a franchise system like Saladworks that supports franchisees throughout the entire process, including financing,” said Mike Rozman, Co-president of BoeFly. “Saladworks pointed the Satterfields to BoeFly, where they were guided through building a bank-ready financing request and were matched with a bank in their state. We look forward to continuing our work with Saladworks in helping to support its franchisees.”
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