Wings Etc. Selects BoeFly To Assist Its Franchisees In Obtaining Bank Financing

July 5, 2012 - PRLog -- New York, NY – BoeFly, the premier online marketplace connecting small business borrowers with lenders and a strategic ally of the International Franchise Association to expand credit access within the franchise community, announced today that Wings Etc., an award-winning restaurant and pub specializing in jumbo buffalo wings, has selected BoeFly to assist its franchisees in obtaining bank financing.

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.

Wings Etc. was founded in 1994 by Jim Weaver in the South Bend, Indiana area. The franchise’s combination of simple operations, diverse menu, daily food and drink specials, and marketing gives it a strong competitive advantage over independents, and positions Wings Etc. as a popular alternative to other national chains. Since starting, Wings Etc. has opened 20 store locations in three states and is continuing to grow.

“Wings Etc. is a franchise brand that is focused on maintaining and exceeding customer expectations while experiencing exciting growth,” said Jim Weaver, Founder of Wings Etc. “We recognize that BoeFly’s services can offer our franchisees an efficient way to access the financing they need to run their locations and continue to improve and satisfy potential.”

“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 Wings Etc.

Founded in 1994 by Jim Weaver in the South Bend, Indiana area, Wings Etc. is a family-friendly Restaurant & Pub, with a diverse menu featuring our Award-Winning Jumbo Buffalo Wings, Ribs, Burgers, Sandwiches, Subs, Wraps, Flatbread, Salads, Kids Meals, Cold Beer and other drinks, great atmosphere, and that good-old-fashioned "vibe" that makes people want to come in and hang out. As a sports-themed pub, we offer multiple, visible-from-everywhere flat-screen TVs, great sports packages on satellite television, and we always have our sets tuned to the best sports programming available. Wings Etc. has kid-friendly, arcade-quality video games, Daily Drink Specials, Daily Lunch Specials, Daily Food Specials and much more. Wings Etc. now franchises its proven, full-service restaurant concept in multiple Midwestern states, and is currently seeking qualified franchise operators for select markets. For more information, visit http://wingsetcfranchise.squarespace.com/

About BoeFly

BoeFly makes it easier to obtain small business loans 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 a strategic ally of the International Franchise Association to expand credit access within the franchise community (http://www.boefly.com/ifa.cfm), offers a 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