America’s Small Business Development Centers Launch the ASBDC Loan Center Powered by BoeFly

Aug. 2, 2011 - PRLog -- BoeFly, the premier online marketplace connecting business borrowers with lenders and the Association of Small Business Development Centers (ASBDC) announced a strategic partnership to create a Loan Center to seamlessly connect SBDC counselors and their clients, the small business owners of America, with more than 1000 lenders.  The new platform, The ASBDC Loan Center powered by BoeFly, is the most efficient way for an SBDC counselor to seek financing for a small business owner.  

Users will access the ASBDC Loan Center powered by BoeFly to build an online bank-ready financing request which includes the ability to securely store documents online. Using BoeFly’s proprietary matching technology, ASBDC client financing requests will be matched with interested lenders based upon lending preferences submitted to BoeFly by its participating banks.  To learn more, visit: www.BoeFly.com/SBDC.  

America’s Small Business Development Centers (SBDCs) are a nationwide network operating over 1,000 centers. The SBDC Network is dedicated to providing the consulting and technical assistance business owners need to make their dreams a reality. SBDCs have helped more than 1 million entrepreneurs in 2009; in 2008 SBDCs helped clients obtain $3.1 billion in financing.

“SBDCs provide a vital role for America’s small businesses and the ASBDC has been a force in improving the SBDC network,” said Mike Rozman, President of BoeFly. “BoeFly is proud to partner with the ASBDC to assist the SBDC network in addressing the core issue inhibiting small business growth and job creation: efficient access to financing.”

“The ASBDC Loan Center powered by BoeFly is another example of our support of the small businesses of America”, says C.E. “Tee” Rowe, President and CEO of ASBDC. “The current economic environment presents an historic challenge and our partnership with BoeFly empowers SBDC counselors to connect their small business clients with more than 1000 lenders nationwide.”

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, investors, buyers and sellers to a potential transaction and facilitating the efficient completion of these transactions. For lenders, BoeFly also provides the ability to sell loans to investors freeing up liquidity for even more 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 which matches parties based on a specific set of criteria. Also, to help BoeFly subscribers complete transactions, BoeFly offers access to service providers in a wide variety of professions from appraisers, to closing attorneys, to environmental consultants.

BoeFly was founded by small business owners and small business lending experts with extensive banking and secondary market experience. The company is privately-held and is based in New York City. www.boefly.com.

About ASBDC
The Association of Small Business Development Centers (ASBDC) represents America’s Small Business Development Center Network – the most comprehensive small business assistance network in the United States and its territories.

The mission of the network is to help new entrepreneurs realize their dream of business ownership, and to assist existing businesses to remain competitive in the complex marketplace of an ever-changing global economy.

Hosted by leading universities, colleges, and state economic development agencies, and funded in part through a partnership with the U.S. Small Business Administration, approximately 1,000 service centers are available to provide no-cost consulting and low-cost training.

Media inquiries:
Bill Fallon/ Keating Co. /212.925.6900/ bfallon@keatingco.com

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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