Cattle Hauling and Raising Business Owner in Western Idaho Secures $369,000 Loan to Refinance

Sept. 11, 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 (IFA) to expand credit access within the franchise community, announced today that the owner of a cattle hauling and raising business in Western Idaho secured a conventional refinancing loan of $369,000 through a connection made by BoeFly.

In obtaining the refinancing loan, Craig Vogel a professional loan broker, worked with the business owner to create a complete loan package on BoeFly, which was then compatibility matched to 14 of BoeFly’s more than 2,200 lenders who requested access to the full loan package. Vogel came to BoeFly as a graduate of Commercial Capital Training Group (CCTG), a leader in providing comprehensive training for entrepreneurs entering the commercial finance marketplace.

"As a professional loan broker, I work hard to position my clients in front of a wide array of lenders, and that is why I use BoeFly,” Vogel said.

CCTG also recognizes the efficiency of BoeFly’s platform for loan brokers who use it to help connect their clients with the capital they need.

"We have designed our training program to give our graduates the best opportunity for success,” said Mr. Jon Consentino, the General Manager of CCTG. “Beyond the training, our graduates also get a one-year membership to BoeFly as part of their tuition because we recognize that brokers who use BoeFly achieve more success for their clients."

"We are pleased to see another successful loan closing on the BoeFly platform.   The extensive training that Craig received from CCTG along with the BoeFly technology platform and extended lender network helps CCTG brokers like Craig to create the most competitive loan offerings for their clients,” said David Nayor, Co-president of BoeFly. “We are proud to be working with CCTG, a premier finance training program for commercial loan brokers."


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 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 more than 125 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