BoeFly and Franchise.com Partner to Provide Seamless Access to Fundability Wizard and Loan Center

Jan. 25, 2012 - PRLog -- New York, NY - BoeFly, the premier online marketplace connecting small business borrowers with lenders, announced today a partnership with Franchise.com, a leading franchise recruitment and research website.  Through the partnership, BoeFly provides Franchise.com clients with access to BoeFly’s Fundability Wizard tool and it’s Loan Center.  

Visitors to Franchise.com can gain access to the Franchise.com Fundability Wizard and the Franchise.com Loan Center, both powered by BoeFly to help users connect with over 1,500 lenders. Franchisees can access the Franchise.com Loan Center to build an online bank-ready financing request, which includes the ability to securely store documents online. Using BoeFly’s proprietary matching technology, Franchise.com clients’ financing requests can be matched with interested lenders based on lending preferences submitted to BoeFly by participating banks.  

“As the go-to place for people beginning their business opportunity search and the path to franchise ownership, our primary goal is to connect prospective franchisees with the best franchise opportunities, and we have decided to take our services a step further by partnering with BoeFly to help Franchise.com visitors meet their key financing needs,” said Matt Alden, President of Franchise.com. “With the information gathered on BoeFly’s Fundability Wizard tool, we will also be able to more effectively match prospects to the right opportunity at the right time.”

“Just like Franchise.com connects prospective business owners with the right franchise opportunity, BoeFly efficiently connects borrowers with the right lenders,” said David Nayor, Co-President of BoeFly. “We are glad to be able to assist Franchise.com clients in tackling the key issue of financing.  Our goal is to empower existing and prospective franchisees to connect with lenders in the most efficient manner and to receive the best possible rates and terms on their loans.”

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 over 1500 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  over 1500 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’s Franchise Program brings these benefits to the large and growing small business franchisee community and is the choice of over 90 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.

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.

About Franchise.com

Founded in 1995, Franchise.com was one of the first franchise recruitment websites in the world. Today, it continues to be the 'go-to' place for people beginning their business opportunity search and the journey of franchise ownership as well as for those already involved in the world of franchising. Franchise.com’s innovative website unites the franchise community by serving as both a unique search tool for finding the right business for sale and a franchise industry resource that offers website visitors franchise information, the latest franchise industry news, and high-demand resources. Franchise.com brings the franchise community together through quality connections. http://www.franchise.com.

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