New Maaco franchisee Bob Johnston was able to secure a franchise loan using BoeFly, an online marketplace for small business borrowers and lenders. Johnston worked closely with a BoeFly expert to fully package his Maaco franchise loan request and present it to a network of more than 5,000 lenders nationwide who subscribe to BoeFly. In doing so, Johnston was able to easily and seamlessly connect with First Niagara Bank and therefore expedite his Maaco franchise loan process.
Johnston is a former accountant in Pittsburgh, PA. His past experience in the finance world made him slightly hesitant about the process of securing startup funding quickly, but BoeFly was able to connect him with 12 lenders within days. “Fortunately, I chose to invest in a franchise with Maaco, which supports its franchisees in many ways, including connecting them with BoeFly, which was able to connect me with a network of qualified lenders with competitive rates and terms,” said Johnston. Johnston was connected with Christey Brown in First Niagara Bank’s Pittsburgh office, and they were able to work together to close the loan quickly.
Maaco’s partnership with BoeFly allows new franchisees to simplify the startup funding process and also helps connect existing franchisees looking to grow their business. “Financing is one of the key areas where we can help our franchisees succeed, and our partnership with BoeFly makes that a simple, seamless process,” said Maaco President Jose Costa.
Read original press release here.