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Boston’s The Gourmet Pizza Franchisee Secures Bank Loan to Refinance
BoeFly connects a Spokane, WA borrower with a local bank for a loan to refinance his business and commercial real estate
“I was seeking a loan to refinance my restaurant and rather than going from bank to bank, I used BoeFly’s online platform,” said franchisee Gary Knudson of Spokane, WA. "Thanks to their convenient service, I was able to connect with Washington Trust Bank, a lender right in my area.”
When Knudson submitted his loan request to BoeFly, his package included 22 supporting documents and was viewed by 12 lenders who requested access to the deal, including the bank that funded his loan. Knudson was ultimately connected with Larry Vandenburg, Vice President of Commercial Banking at Washington Trust Bank.
“BoeFly’s platform greatly simplifies the process of connecting with qualified borrowers like Gary Knudson, who presented an excellent loan package,” said Vandenburg. “Washington Trust Bank is glad to fund his refinancing loan, and we will continue to look out for similar lending opportunities,”
Knudson used BoeFly at the recommendation of Boston’s, which has selected BoeFly to assist its franchisees in obtaining bank financing.
“Boston’s is very pleased that one of our franchisees has secured the financing he needed to continue providing great food and service to his customers and guests,” said Jim Brumleve, Vice President of Finance at Boston’s. “One of our cornerstone principles is to support franchisee profitability in all areas, including the key area of finance. Efficient resources like BoeFly are a key tool that we are pleased to make available to our franchisee partners.”
“It is very rewarding to work with a franchise like Boston’s that supports its franchisees throughout the entire process, including financing,” said Mike Rozman, Co-president of BoeFly. “Boston’s directed Knudson to BoeFly, where he was guided through building a bank-ready financing request and was matched with Washington Trust Bank. We look forward to continuing to work with franchisors like Boston’s in helping to support their franchisees.”
BoeFly makes it easier to obtain small business loans (http://www.boefly.com/
Borrowers build a complete decision-ready loan request online using BoeFly’s exclusive “SmartForm”
BoeFly, now a strategic ally of the International Franchise Association to expand credit access within the franchise community (http://www.boefly.com/
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, and Franchise Gator, the leading site for information on franchise opportunities.
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.
Bill Fallon/ Keating Co. /212.925.6900/
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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