Tasti D-Lite Selects BoeFly To Assist Its Franchisees In Obtaining Bank Financing

Frozen dessert franchisor to offer BoeFly’s Concierge Team Services to its franchisees nationwide
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Tags:
* Tasti D-Lite
* BoeFly
* Franchise
* Finance
* Small Business
* Lending
* Loan
* Compatibility Matching
* Fundability

Industrys:
* Banking
* Franchising
* Food

Location:
* New York City - New York - US

Sept. 27, 2011 - PRLog -- New York, NY – BoeFly, the premier online marketplace connecting lenders with business borrowers, announced today that Tasti D-Lite, a low-calorie frozen dairy dessert franchisor, 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.

Tasti D-Lite locations serve great-tasting, healthier alternatives to soft serve ice cream. The stores offer over 120 flavors, including creamy varieties of fruit, chocolate, peanut butter, coffee and cheesecake flavors. All flavors range from 70 to 100 calories per 4 fl. oz. serving.

“The Tasti D-Lite brand is committed to serving great-tasting, healthy desserts as a celebration of life, health and happiness. With BoeFly’s services, the franchise will be able to expand and offer more people satisfying, guilt-free frozen desserts,” said Nikki Sells, Vice President of Franchise Development, Tasti D-Lite.  “We think BoeFly’s convenient online platform will make the process of securing loans much simpler.”

“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 Tasti D-Lite

Tasti D-Lite was established in 1987 in New York to offer delicious frozen desserts to shape-conscious New Yorkers. In 2007, the company was acquired by a New York private equity firm and is led by CEO Jim Amos, whose goal it is to make Tasti D-Lite the number-one “good-for-you” frozen dessert in the world. The franchise, is now headquartered in Tennessee, started their franchising program in 2008 and has expanded into 15 states across the country.  With a world-class operating team, the company is undertaking a continual program of product and service improvement, flavor innovation, and customer involvement. For more information, visit http://www.tastidlite.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.

# # #

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
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Tags:Tasti D-Lite, BoeFly, Franchise, Finance, Small Business, Lending, Loan, Compatibility Matching, Fundability
Industry:Banking, Franchising, Food
Location:New York City - New York - United States
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