Tropical Smoothie Cafe Selects Boefly To Assist Its Franchisees In Obtaining Bank Financing

Aug. 24, 2011 - PRLog -- New York, NY –- BoeFly, the premier online marketplace connecting lenders with business borrowers, announced today that Tropical Smoothie Café, a restaurant franchise, 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.

Tropical Smoothie Café’s menu offers flavorful food and smoothies with a healthy appeal. The food and smoothies are made to order with fresh ingredients, and the smoothies are made from superior simple ingredients such as real fruit and natural sugar. Tropical Smoothie’s toasted wraps, bistro sandwiches, grilled flatbreads and gourmet salads are made fresh with high-quality meats and cheeses and are topped with fresh produce and flavorful sauces. In addition to quality food and smoothies, Tropical Smoothie Café offers customers a fun atmosphere and friendly hospitality.

“With BoeFly’s services, Tropical Smoothie Café can expand and continue to offer healthy, high-quality smoothies and food items to customers across the country,” said Charles Watson, the Vice President of Franchise Development of Tropical Smoothie Café.   “The process of finding a lender online will make it easier for Tropical Smoothie franchisees to acquire financing.”

“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, 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 Tropical Smoothie Café
Established in Destin, Fla., in 1997, Tropical Smoothie Café has taken the smoothie concept to the next level by offering customers a healthy alternative to typical fast food. The concept, which introduced food in 1999, provides consumers with a variety of high-quality, real-fruit smoothies, specialty wraps, grilled flatbread and gourmet sandwiches, and salads. Tropical Smoothie Café includes menu options for breakfast, lunch and dinner. Ranked 127 out of 500 and rated one of the fastest growing franchises by Entrepreneur Magazine, the concept currently has more than 285 locations in 34 states. Plans call for more than 300 locations by the end of 2011.  For more information, visit http://www.TropicalSmoothie.com.  


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.

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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