Franchise Lending Spotlight Conference in Irvine,CA To Connect Growing Franchise Brands With Lenders

NEW YORK - July 10, 2013 - PRLog -- IRVINE, Calif. – 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, today announced its 2013 California Franchise Lending Spotlight Conference on July 17 at the Hilton Irvine/Orange County Airport.

The conference will provide executives of fast-growing franchise brands in the California market the opportunity to present their brands in front of a diverse group of community, regional and national lenders with the aim of facilitating lending to franchise business owners to help drive small business growth.

A recent survey BoeFly conducted of lenders across the country found that 97.6 percent of respondents think it is important for franchise brands to provide information to help banks evaluate financing requests from franchisees, which could in turn positively impact credit access for franchise business owners.

“Lenders who are well informed about a franchise brand are more likely to fund its franchisees, and we've developed this event in response to requests from franchise brands that are expanding in California and want to substantively educate bankers,” said Mike Rozman, co-president of BoeFly and host of the conference. “Our first Franchise Lending Spotlight Conference in Boston was very successful, and we look forward to continuing to bringing this event to other markets across the country.”

The franchise brands presenting to lenders at the conference will include the Intercontinental Hotels Group (IHG), Robeks, Firehouse Subs, Papa Murphy’s Take ‘N’ Bake Pizza, Ice House America and The Goddard School.

"InterContinental Hotels Group is delighted to present at the Franchise Spotlight Conference, as it is a great way for us to meet lenders interested in financing our hotel brands as well as discuss how we are supporting our franchisees with financing,” said Chris Drazba, vice president at IHG.

Following the presentations, each banker will receive secure online access to additional information about each brand directly within BoeFly’s online platform, which more than 125 franchisors have signed up with to help their franchisees connect with over 3,600 lenders to more efficiently secure financing.

"TMC Financing is constantly searching for opportunities to meet the financing needs of qualified small business borrowers, and this conference provides an efficient way for us to connect with and learn about many brands in a single event," said Barbara Morrison, CEO of TMC Financing in San Francisco.

In addition to the presentations by franchise brands to lenders, the conference will feature various speakers who will share their perspectives on franchise financing, including Mary Jo Larson, publisher of Franchise Times; Bob Coleman, publisher of The Coleman Report; Craig Everett, associate director of Pepperdine University's Private Capital Markets Project; Sharon O'Connor-Clarke, principal consultant of FICO; and Beth Solomon, CEO of the National Association of Development Companies (NADCO).

“NADCO sees great value in an event such as this that will bring together franchisors and lenders for the purpose of advancing the growth of our economy through increased access to the capital that so many small businesses today require,” Solomon said.

"The IFA is pleased to join our strategic ally BoeFly in this important event because we recognize that when franchisees have access to capital, they are able to grow, and jobs are created as a result," said Steve Caldeira, president and CEO of IFA.

The California Franchise Lending Spotlight Conference will take place on Wednesday, July 17, 2013 from 8:30 a.m. to 4 p.m. at the Hilton Irvine/Orange County Airport, located at 18800 MacArthur Blvd., Irvine, CA 92612. For more information, please visit: http://franchiselendingconference.com/ca2013/

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 more than 3,600 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 more than 3,600 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 bringing 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:

Jessica Sarter / BoeFly /646.755.7433/ jsarter@boefly.com