Jet’s Pizza Franchisee Secures Bank Loan to Start Up

Jan. 12, 2012 - PRLog -- New York, NY – BoeFly, the premier online marketplace connecting small business borrowers with lenders, announced today that Nicholas Borst, a new Jet’s Pizza franchisee, secured a start-up loan through a connection made by BoeFly. Jet’s Pizza is among the largest pizza chains in the country, with over 200 locations.

“We had been looking to open a Jet’s Pizza and knew financing could be an issue,” said franchisee Nicholas Borst of Destin, Florida. "Fortunately, our research took us to BoeFly, where we were connected with Atlantic Coast Bank that made the loan so we can get this project started. It made the tedious process of connecting with multiple lenders easy and efficient.”

When Borst submitted his loan request to BoeFly, his package included 12 supporting documents and was viewed by lenders around the country who requested access to the deal, including the bank that funded his loan. Borst was connected with Kevin Ellis, Vice President of Small Business Lending at Atlantic Coast Bank in Jacksonville, FL.

“BoeFly makes it fast and easy for lenders like Atlantic Coast Bank to connect with borrowers, and funding this Jet’s Pizza deal is truly a win-win situation,” said Ellis. “Without BoeFly, I would never have learned about this deal. It is always exciting to be able to fund a new business, and I will continue to seek out similar lending opportunities, as the BoeFly platform has proven to be very successful for me,” Ellis continued.

“We take great pride in knowing that through BoeFly, another business owner has connected with a lender and obtained financing,” said Mike Rozman, Co-president of BoeFly.  “BoeFly makes the harrowing process of finding a loan much easier for a borrower to make the right connection.  We look forward to our continued growth of registered banks and to working with such reputable bankers as Kevin Ellis.”

About BoeFly

BoeFly makes it easier to obtain small business loans (http://www.boefly.com/) by reducing the time, cost, complexity, inefficiency and frustration associated with small business lending.  Its online proprietary matching technology connects small business borrowers with multiple lenders from among its over 1500 participating banks, based on the lending profiles provided by the banks and the information provided in the borrower’s loan request.

Borrowers build a complete decision-ready loan request online using BoeFly’s exclusive “SmartForm” technology which, when completed, provides the information that  over 1500 lenders nationwide indicated to BoeFly they want to see before moving forward with a loan request. The SmartForm is easy to use and guides borrowers through the process. Once BoeFly’s matching technology identifies compatible lenders, borrowers then have complete control over which lenders can instantly access their loan request.  Using BoeFly, borrowers can connect with multiple lenders quickly and easily, providing a greater probability of obtaining a loan, as well as more favorable loan terms resulting from the creation of a competitive marketplace.   Lenders benefit by being presented with only those loan requests that fit their lending profile, dramatically lowering their cost and time of origination.   BoeFly is not a broker.  Borrowers pay a small one-time fee and lenders pay an ongoing subscription fee; BoeFly never charges transaction or referral fees.

BoeFly’s Franchise Solution brings these benefits to the large and growing small business franchisee community and is the choice of over 90 brands including Dunkin’ Donuts, Carl’s Jr., Express Personnel and Kiddie Academy, among many others.

BoeFly’s Affiliate Solution is the financing exchange chosen by the Association of Small Business Development Centers, representing approximately 1,000 centers nationwide, which are funded in part by the U.S. Small Business Administration, to serve small businesses, and Franchise Gator, the leading site for information on franchise opportunities.

BoeFly was founded by small business owners and small business lending experts with extensive small business lending experience. The company is privately-held and is based in New York City. http://www.boefly.com.

Media inquiries:

Bill Fallon/ Keating Co. /212.925.6900/ bfallon@keatingco.com

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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