Avalar Network, Inc. Selects BoeFly To Assist Its Franchisees In Obtaining Bank Financing

PRLog (Press Release) - Oct 28, 2011 -
New York, NY – BoeFly, the premier online marketplace connecting lenders with business borrowers, announced today that Avalar Network, Inc., an agent-centric real estate franchise designed to enhance the recruitment and retention of top real estate professionals, has selected BoeFly to assist its franchisees in obtaining bank financing.  Since its inception in 2002, Avalar has grown to 125 offices in 20 states.  In 2008, Avalar acquired the Better Homes Realty franchise system, offering prospective broker owners the opportunity to leverage their business with a world class brand combined with Avalar’s proprietary recruiting and retention system.

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.

Avalar Network, Inc., one of the fastest growing real estate firms in the country, works to enhance the recruitment and retention of top real estate professionals through its partnerships offering state-of-the-art technology and by integrating its patented revenue-sharing program that becomes a retirement income for brokers, agents, and staff alike. Avalar’s primary focus is to create an agent-driven network that empowers its salespeople through independence, increased opportunities, and long-term financial stability. Avalar franchise owners receive access to programs, tools, and support to develop their business while maintaining flexibility, and benefits include residual and retirement income potential, new agent development and mentoring programs, broker support services, and more.

“With BoeFly’s services, the Avalar Network franchise will be able to expand and continue to fulfill its mission of providing real estate professionals with opportunities to enhance their business and succeed in the industry,” said Chuck Scoble, President and CEO of Avalar Network, Inc.  “BoeFly’s online platform is both an efficient and convenient means of securing financing for Avalar.”  As we move toward our goal of 300 offices by 2015, we know BoeFly will be a huge part of that success.

“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, Co-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 Avalar Network, Inc.

Avalar Network, Inc. was established in 2002 by Chuck Scoble, majority owner and CEO of Creative Property Services (CPS), who rose to the challenge of expanding a small independent California real estate firm in the face of strong competition from major companies. Over the years, the success and growth of the CPS brokerage group, inspired Chuck Scoble and his team to take the concept national under the name Avalar. Today the Avalar Network is experiencing a steady but controlled growth nationwide and is eager to enter markets throughout the world.
For more information, visit http://www.Avalar.biz.    


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.