With the agreement, Wayback Burgers franchise candidates can access their bQual Report which includes a statistically valid small business credit score, a consumer credit score, educational content explaining the scores, as well as insight into why they scored the way they did and how lenders typically view the score. bQual, with its patent pending technology, is exclusively available online at BoeFly.com and can be securely accessed from iPads, tablets, smartphones and computers.
Each bQual Report delivered to Wayback Burgers candidates will contain loan prequalification offers from one or more of BoeFly’s 3600 participating lenders, or an indication as to financing likelihood. No lender will have access to the business owner’s identifiable information until the owner grants access, thereby preventing unwanted calls.
“The biggest concern prospective franchisees have is whether they can get financing. BoeFly’s ZeeQual solution eliminates those concerns by offering candidates the opportunity to see the same qualifying data used by lenders and the Small Business Administration,” said John Eucalitto, Wayback Burgers President. “We’re very excited about using this tool to help franchisees get prequalified.”
BoeFly is able to offer bQual through a special relationship with FICO and Equifax. FICO, a leading predictive analytics and decision management software company, provides the FICO LiquidCredit® Small Business Scoring ServiceSM (SBSSsm), a web-based instant credit solution, as part of bQual. Equifax, a leading credit bureau, provides the technology to authenticate every bQual user and is the exclusive provider of consumer and business credit bureau data to bQual. Beyond these important data and scoring partners, BoeFly leverages other key data including its own proprietary database of lender preferences from more than 3600 lenders to produce the bQual Report.
“The entire BoeFly team is thrilled that Wayback Burgers, a leading franchise brand on the forefront of growth and expansion both national and internationally, has selected ZeeQual to support their franchise candidates,” said Mike Rozman, co-president of BoeFly. “We strongly expect that the early ZeeQual adopters like Wayback Burgers will achieve a strong competitive advantage over rival brands.”
Franchise brands can learn more about ZeeQual at www.ZeeQual.com.
About Wayback Burgers
Wayback Burgers is a Connecticut-based fast-casual franchise with a reputation for serving fresh burgers and thick, hand-dipped milkshakes. Founded in 1991 in Newark, DE, Wayback Burgers currently operates in 24 states with over 80 locations nationally and plans to open in 28 countries through the Middle East and Northern Africa, in addition to expansion plans in Argentina.
FICO and LiquidCredit, Small Business Scoring Service and SBSS are service marks, trademarks or registered trademarks of Fair Isaac Corporation in the United States and in other countries.