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BoeFly Fundability App Introduced as Core Solution in IFA’s Veterans Franchise Toolkit

Today, the International Franchise Association is introducing its VetFran Toolkit, which includes resources such as BoeFly’s online Fundability App to help veterans access opportunities in small business ownership and employment

June 28, 2012 - PRLog -- New York, NY – In time for Independence Day, the launch of the International Franchise Association’s Veterans Franchise (VetFran) Toolkit today features various tools and resources to assist veterans in accessing opportunities in small business ownership, including the free Fundability App from BoeFly, the premier online marketplace connecting small business borrowers with lenders and a strategic ally of the IFA to expand credit access within the franchise community.

Both current and prospective small business owners who are seeking financing or are curious about how “fundable” their business might be can use the Fundability Wizard to enter basic information about their loan request and immediately find out how many of BoeFly’s over 2,200 registered lenders have a matching profile for the loan details. The app also informs users about the strengths and weaknesses of their loan request so they can improve their chances of securing financing.

“Franchise ownership is an incredible opportunity for veterans who want to apply their leadership skills in an entrepreneurial way, but as for any other prospective and current business owners, financing often emerges as a key challenge,” said Mike Rozman, co-president of BoeFly. “BoeFly is committed to helping veterans realize their goals of small business ownership by providing tools and services to help them obtain financing in the most efficient way possible, and we are proud to be working with the IFA to advance opportunities for veterans taking the path of entrepreneurship.”

The IFA, Veterans of Foreign Wars (VFW) and the U.S. Chamber of Commerce and National Chamber Foundation’s Hiring Our Heroes initiative are launching new tools and resources in 12 cities to help veterans access opportunities in small business ownership and employment, including a new free online Veterans Franchise Toolkit and a new Mentor Network to connect veterans to business leaders and jobs.

A national launch event including IFA, VFW and business leaders is taking place in Washington, D.C. today at 10:00 a.m. at the National Press Club, 14th & Penn. Ave. NW, in the Murrow Room.

“Many skills learned in the military translate well to franchise ownership. With over 70,000 veteran-owned franchises in operation already and a million troops returning home in the coming years, franchise businesses are looking to recruit additional veterans into small business ownership,” said IFA President and CEO Steve Caldeira. “With the new VetFran Toolkit and Mentor Network, IFA is providing valuable resources to help veterans take advantage of these opportunities and also overcome some of the key challenges associated with franchise ownership, such as financing. Our veterans have done an honorable duty serving this country, and now we are honored to help them work toward becoming leaders in the civilian economy.”

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 2,200 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 2,200 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, 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.

About the International Franchise Association

The International Franchise Association is the world's oldest and largest organization representing franchising worldwide. Celebrating over 50 years of excellence, education and advocacy, IFA works through its government relations and public policy, media relations and educational programs to protect, enhance and promote franchising. Through its media awareness campaign highlighting the theme, Franchising: Building Local Businesses, One Opportunity at a Time, IFA promotes the economic impact of the more than 825,000 franchise establishments, which support nearly 18 million jobs and $2.1 trillion of economic output for the U.S. economy. IFA members include franchise companies in over 300 different business format categories, individual franchisees and companies that support the industry in marketing, law and business development.

Media inquiries:
Bill Fallon | keating/co. | 212.925.6900 | bfallon@keatingco.com

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Source:BoeFly, LLC
Location:United States
Industry:Franchising, Finance
Tags:BoeFly, International Franchise Association, Fundability Wizard, Veterans, Franchising
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