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Cafe2U Selects BoeFly To Assist Its Franchisees In Obtaining Bank Financing
Mobile coffee 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 IFA of its members identified “financing/
Cafe2U is the pioneer of the mobile café industry and the first mobile coffee franchise system in the United States. Cafe2U uses vans to deliver quality espresso coffee to customers.
“Cafe2U has created a unique franchise concept that brings coffee to our customers, and the franchise is experiencing growth since entering the American market,” said Derek Black, the Managing Director of Cafe2U. “Using BoeFly’s convenient online platform, our franchisees will find it more efficient to secure the loans they need so they can effectively run their operations and so the Cafe2U franchise can continue to grow.”
“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.”
Cafe2U is the pioneer of the mobile cafe industry. Cafe2U launched its first prototype mobile coffee business in 2000 on the northern beaches of Sydney, Australia. It was with this first vehicle that the mobile cafe concept and potential profitability of this new style of mobile coffee business model were tested. In June 2010, Cafe2U launched its proof of concept into San Diego, California.
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 in a Strategic Alliance with 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