Franchise Coleman Report Available to BoeFly Bank and Franchisor Members Free of Charge

May 18, 2011 - PRLog -- New York, NY  BoeFly, the premier online marketplace connecting lenders with business borrowers and franchisors, today announced that it had negotiated special arrangement for its bank and franchisor members to access a summary of the 2011 Franchise Coleman Report free of charge.   Franchise Coleman is one of the franchise industry’s principal sources of franchisee loan performance analysis valued by both banks and franchisors.   The report is provided by Coleman Publishing, provider of the Coleman report, a leading authority on small business banking.    BoeFly provides a range of services to the franchise industry that help franchise operators grow their business by connecting franchisees with compatible lenders.

The Coleman Report's 2011 Franchise Data includes the name of the borrowers, the amount and date of the loan, and whether the loan was paid off, charged off  (failed) with the amount lost, or if it remains active on the lender's books.  Franchises with the highest percentage of charge offs are higher risks in the eyes of lenders.   The report provides information on the number and affiliation of franchisees that get loans and their associated charge off rates.    The report information is derived from US Small Business Administration (SBA) information from 2000 to present.

Through the special arrangement with Coleman Publishing, BoeFly members can access the Franchise Coleman Report for free and its detailed loan data set for $260, 33% less than regular pricing.   To access the Franchise Coleman Report, bank and franchisor members should login to their BoeFly accounts and vistithe Intelligence Center, where the Franchise Coleman Report can be accessed for free, and the detailed loan data set can be purchased.

“We’ve long been the leading source for bankers to understand franchise loan performance and with our upgrades to include specific loan-level detail we provide powerful market intelligence for franchisors,” said Bob Coleman, Publisher and CEO of Coleman Publishing.  “We’re pleased that this alliance with BoeFly, the innovator in franchise finance, will make our report more accessible.”

“BoeFly serves its members in a variety of ways, from helping franchisees prepare complete and effective loan requests and matching them to compatible lenders, to providing easy and affordable access to the latest industry analysis like the Coleman Report” said Mike Rozman, President of BoeFly.
     
About BoeFly
BoeFly is the only online marketplace harnessing technology to dramatically simplify the execution of commercial transactions, including all loan origination and sales. BoeFly revolutionizes how deals get done by seamlessly connecting all parties, including lenders, borrowers, franchisors, investors, buyers and sellers to a potential transaction and facilitating the efficient completion of these transactions. For small business lenders, BoeFly also provides the ability to sell loans to investors freeing up liquidity for even more small business lending.  BoeFly is a subscription service and does not charge any transaction fees.

Key to the success of BoeFly is the site's dynamic compatibility technology and comprehensive Smartform loan application which matches parties based on a specific set of criteria. Also, to help BoeFly subscribers complete transactions, BoeFly offers online access to service providers in a wide variety of professions from appraisers, to closing attorneys, to environmental consultants.

BoeFly was founded by small business lending experts with extensive banking and secondary market experience. The company is privately-held and is based in New York City. http://www.boefly.com.    Franchisors seeking to grow revenue by increasing the number of successfully financed franchisees please visit http://www.boefly.com/franchisor.

# # #

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