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WingZone Selects BoeFly To Assist Its Franchisees In Obtaining Bank Financing
Award-winning hot wing franchisor to offer BoeFly’s Concierge Team Services to its franchisees nationwide.
Nearly half (49.2%) of the respondents in a recent survey by the International Franchise Association (IFA) of its members identified “financing/
WingZone, the 2004 and 2006 winner of the “National Festival Favorite” award at the National Buffalo Wing Festival, is an Atlanta-based hot wing chain. Conceived in 1991 by then college students Matt Friedman and Adam Scott, WingZone began as a late-night munchies operation out of the founders’ fraternity house. Due to the astounding success of their unofficial delivery business, they opened their first two WingZone restaurants in Florida in 1993. Since then, the business has grown to include 100 franchises across the US and plans for foreign expansion.
“WingZone is a franchise brand that emphasizes efficiency and effectiveness,”
“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, Co-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.”
Wing Zone is one of the nation's fastest-growing takeout/delivery chains — known for its 15 award-winning flavors of fresh, cooked-to-order chicken wings, fingers, chicken sandwiches, burgers and more. Wing Zone has nearly 100 locations operating nationwide and 30 more in development. Interest in Wing Zone has significantly “heated up” since receiving coverage on Food Network’s “Roker on the Road”, ESPN's "Cold Pizza", and inclusion on Inc. Magazine’s list of 500 Fastest Growing U.S. Private Companies, Entrepreneur Magazine’s Franchise 500, and Franchise Times’ Fast 55. For more information, visit http://www.wingzone.com/
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