The Bank Credit Report gives franchisors a useful tool to provide to banks: an objectively prepared, credit department-style evaluation of a franchise brand’s risk factors, including franchisor financial and operational risks and franchise system and franchise unit
Topics covered in the webinar will include an overview of the Bank Credit Report, how banks use the report in their credit decision process, how growing franchise brands use the report, whether the report is a fit for young and emerging brands, and what can be done if the report presents a less-than-positive view.
The panelists participating in the webinar will include:
• CiCi’s Pizza – Jeff Moran, Assistant Corporate Controller
• Kiddie Academy – Susan Wise, CFO/COO
• Tasti D-Lite - Grayson Brown, General Counsel
• Chase – Brian Myers, SBA Credit Manager
• First Niagara Bank – Janell Anderson, VP SBA Lending
• Spirit of Texas Bank – Tim Spata, VP
• FRANdata – Darrell Johnson, CEO
“We repeatedly hear banks say they want to understand the franchise brand and not just the franchisee borrower, and the Bank Credit Report provides a useful tool to do just that,” said Mike Rozman, Co-president of BoeFly. “BoeFly is hosting this webinar to further explore how this report can benefit both lenders and franchisors with regard to credit access within the franchise community.”
Rozman will moderate the webinar and receive a special introduction from Beth Solomon, Vice President of Strategic Initiatives at the IFA.
“Credit access is a top concern for many IFA members, so we welcome tools and solutions like FRANdata's Bank Credit Report that can accelerate financing for franchisors and advance our industry in the lending community,” Solomon said. “Our Strategic Alliance for Credit Access with BoeFly is an example of the IFA’s commitment to facilitating access to tools and solutions that franchisors and franchisees can benefit from today.”
To register for the webinar, visit: https://www1.gotomeeting.com/
BoeFly makes it easier to obtain small business loans (http://www.boefly.com/
Borrowers build a complete decision-ready loan request online using BoeFly’s exclusive “SmartForm”
BoeFly, now in a Strategic Alliance with the International Franchise Association to expand credit access to franchisees, offers a Franchise Solution that brings these benefits to the large and growing small business franchisee community and is the choice of over 100 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.
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