With over 270 locations in the United States and Canada, Wild Birds Unlimited selects BoeFly, the premier online marketplace for small business lending, to aide new franchisees to secure bank financing. Wild Birds Unlimited wants provide prospective franchisees with the tools to successfully own and operate a Wild Birds Unlimited franchise, so the company recommends BoeFly as a crucial device for franchisees when they are looking to raise capital.
“Our mission is to bring people and nature together and do it with excellence. Like many franchisors, a big growth hurdle is getting our franchisees funded,” said Jim Carpenter, Founder, President and CEO of Wild Birds Unlimited. “BoeFly allows us to help franchisees get the loans they need to open up new shops and fulfill the Wild Birds mission.”
52.8 million people participate in feeding birds and wildlife both in parks and in their backyards. Wild Birds Unlimited attracts potential franchisees because of the company’s large potential customer base and its commitment to bring people and nature together. However, many new small business owners are deterred by the enormity of the challenge of financing a new business. BoeFly will provide new Wild Birds Unlimited franchisees with access to a network of 5,000 lenders when posting a loan request on its online loan exchange. BoeFly’s proprietary technology will match new franchisees with potential lenders based on the loan request criteria and credit preferences of lenders. By collaborating with BoeFly, Wild Birds Unlimited provides new franchisees with a resource to overcome the financing challenge that accompanies becoming a small business owner.
“Today even top franchisors face a significant challenge – converting otherwise qualified franchisee candidates into ongoing, paying customers because of the difficulty they have accessing capital,” said Mike Rozman, President of BoeFly. “Franchise lending has been down by as much as 40% in the past two years due in part to the inefficiencies in the lending process that have been exposed by the financial crisis. BoeFly eliminates these inefficiencies by connecting franchisees with banks that are ready and willing to lend.”
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