Nothing Bundt Cakes Selects Boefly To Assist Its Franchisees In Obtaining Bank Financing

June 1, 2011 - PRLog -- New York, NY – BoeFly, the premier online marketplace connecting lenders with business borrowers, announced today that Nothing Bundt Cakes, a leading bakery franchisor has selected BoeFly to assist its franchisees in obtaining bank financing.

Nearly half (49.2%) of the respondents in a recent survey by the International Franchise Association (IFA) of its members identified “financing/access to credit” as the top issue of concern to franchise business leaders.    In response to this concern, and bolstered by its success in helping many individual franchisees obtain financing, BoeFly created a portfolio of services for the franchisor market.   Through BoeFly, they can offer their franchisees access to a network of lenders through the posting of a single loan request on BoeFly’s Internet-based loan exchange, assistance in creating an effective loan request, and support managing lender inquiries.   BoeFly uses proprietary matching technology to connect franchisees with lenders that their loan package meets specific lending criteria, increasing franchise revenue by helping franchisees connect with the capital they need to open their businesses.

The Nothing Bundt Cakes brand is a specialty bakery franchise with smart, simple business model that offers a premium product for a reasonable price.

“Nothing Bundt Cakes provides assistance for franchisees in accessing financing through its partnership with BoeFly.com.  We have to be pro-active in this economy and we like to show our incoming franchisees the level of support they can expect from us in the very beginning,” said Debra Shwetz, Co-Founder of Nothing Bundt Cakes.

“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.”

About Nothing Bundt Cakes
Nothing Bundt Cakes, was founded in 1997 by life long friends, Dena Tripp and Debra Shwetz, to fulfill their life long dream of becoming entrepreneurs. Nothing Bundt Cakes, are made from the purest ingredients, handcrafted recipes with imaginative decorations, which have helped the brand grow into the success it is today, with multiple stores open and operating along the West Coast and Midwest.

About BoeFly
BoeFly is the only online marketplace harnessing technology to dramatically simplify the execution of commercial transactions, including all loan origination and sales. BoeFly revolutionizes how deals get done by seamlessly connecting all parties, including lenders, borrowers, franchisors, investors, buyers and sellers to a potential transaction and facilitating the efficient completion of these transactions. For small business lenders, BoeFly also provides the ability to sell loans to investors freeing up liquidity for even more small business lending.  BoeFly is a subscription service and does not charge any transaction fees.

Key to the success of BoeFly is the site's dynamic compatibility technology and comprehensive SmartForm loan application which matches parties based on a specific set of criteria. Also, to help BoeFly subscribers complete transactions, BoeFly offers online access to service providers in a wide variety of professions from appraisers, to closing attorneys, to environmental consultants.

BoeFly was founded by small business lending experts with extensive banking and secondary market experience. The company is privately-held and is based in New York City. http://www.boefly.com.    Franchisors seeking to grow revenue by increasing the number of successfully financed franchisees please visit http://www.boefly.com/franchisor.

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BoeFly connects small business borrowers, franchisors, and lenders online to facilitate the process of small business lending. For more information please visit http://www.boefly.com