Stevi B’s Pizza Selects Boefly To Assist Its Franchisees In Obtaining Bank Financing

July 26, 2011 - PRLog -- NEW YORK, NY  BoeFly, the premier online marketplace connecting lenders with business borrowers, announced today that Stevi B’s Pizza, the nation’s only premium pizza buffet franchise, 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.

Stevi B's offers specialty pizzas such as Loaded Baked Potato, Chicken Fajita, Cheeseburger and Spinach Alfredo served fresh and at a great value in an atmosphere that is fun for adults and children.

“By choosing BoeFly’s services we are increasing exposure to lenders nationwide and providing franchisees with easier access to financing, which should result in better growth opportunities for the Stevi B’s system and brand,” said Melissa McFarlin, Director of Franchise Sales and Development of Stevi B’s.   “Helping franchisees connect with the right lender through the Internet is an idea that’s right for the times and something every franchise operator should consider.”

“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 Stevi B’s
Stevi B’s Pizza, the industry's only national "premium" pizza buffet franchise, was founded in 1996 in Atlanta. Recently purchased by Argonne Capital, an Atlanta private equity firm focused on growing restaurant and retail companies into category leaders, Stevi B’s Pizza currently has locations in eight states throughout the United States. Recognized for serving the highest quality pizzas "made from scratch," Stevi B's is a family friendly, community-driven brand that offers a distinct menu of specialty pizzas such as the Loaded Baked Potato, Chicken Fajita, Cheeseburger  and Spinach Alfredo served fresh and at a great value in an atmosphere that is fun for adults and children. With the recent rollout of a new store design, Stevi B’s Pizza is primed for growth throughout the United States. Follow Stevi B’s Pizza on twitter at www.twitter.com/stevibs or on Facebook at www.facebook.com/stevibspizza.  For more information, visit www.SteviBs.com or contact Stevi B’s by e-mail at info@SteviBs.com.

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, investors, buyers and sellers to a potential transaction and facilitating the efficient completion of these transactions. For lenders, BoeFly also provides the ability to sell loans to investors freeing up liquidity for even more 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 which matches parties based on a specific set of criteria. Also, to help BoeFly subscribers complete transactions, BoeFly offers 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