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Uno Brands Selects Boefly To Assist Its Franchisees In Obtaining Bank Financing

Leading restaurant franchisor to offer BoeFly’s Concierge Team Services to its franchisees nationwide

 
PRLog - Aug. 4, 2011 - NEW YORK -- BoeFly, the premier online marketplace connecting lenders with business borrowers, announced today that Uno Brands, best known for the UNO Chicago Grill and its original deep dish pizza, 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.

Unos brands include, Uno Chicago Grill, Uno Due Go, and Uno Express.  Unos was named, America's #1 Healthiest Chain Restaurant, by Health Magazine, and named #4 of the 10 Best Family Restaurant Chains, by Parents Magazine.

“Uno Brands welcomes the partnership with BoeFly, and the potential for easier franchisee financing.  Making it easier for franchisees to obtain financing will accelerate the growth of the Pizzeria Uno system in the United States,” said Lou Miaritis, Senior Vice President of Purchasing and Franchising of Uno Brands.

“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 Uno Brands
Unos first opened in Chicago in 1943, starting an American tradition of deep dish pizza. Today there are over 160 Uno Chicago Grill restaurants found in 24 states, the District of Columbia, Puerto Rico, South Korea, United Arab Emirates, Honduras, Kuwait and Saudi Arabia.  Uno brands include, Uno Chicago Grill,Uo Due Go and Uno Express.

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. www.boefly.com.    Franchisors seeking to grow revenue by increasing the number of successfully financed franchisees please visit 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

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Source:BoeFly
Location:New York City - New York - United States
Industry:Small business, Loans, Franchising
Tags:Uno Brands, uno chicago grill, BoeFly, small business loans, Franchise, lending, ifa, financing
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