BoeFly has been instrumental in helping many individual franchisees obtain financing. In response to a recent IFA survey in which nearly half (49.2%) of the respondents identified “financing/
To further facilitate small business owners and franchisees in obtaining financing, BoeFly recently introduced its Fundability Wizard, a simple online tool that helps prospective borrowers determine how many lenders would be interested in their loan request as well as the strengths and weaknesses of the request itself.
“Today, even top franchisors face a significant challenge in accessing capital, and as a panelist at IFA’s conference this year, I look forward to discussing how BoeFly can be a helpful resource for them in this challenging environment,”
Steve Caldeira, President and CEO of IFA said, “Credit is the number one challenge facing the franchise market and we know that when given adequate financing franchise businesses can accelerate job creation faster than other businesses. BoeFly’
IFA’s Public Affairs Conference will bring together over 500 franchise attendees and key stakeholders in the small business and financial services communities to discuss the influence of small businesses and aspiring entrepreneurs, as well as the challenges and opportunities for obtaining financing in today’s tight credit market. In addition to addressing financing for franchises, the conference will include an issues briefing to discuss the impact of health care reform on small businesses, as well as a Franchisee of the Year Awards dinner and presentation. The conference will feature key leaders in the franchising and business lending industries as well as political leaders.
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/
Celebrating 50 years of excellence, education and advocacy, the International Franchise Association is the world’s oldest and largest organization representing franchising worldwide. IFA’s mission is to protect, enhance and promote franchising through government relations, public relations and educational programs.
IFA members operate under the highest standards and include franchise companies in over 100 different business format categories, individual franchisees and companies that support the industry in marketing, law and business development.
Bill Fallon/ Keating Co. /212.925.6900/
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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