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Global Franchise Group Franchisee Secures Bank Loan to Start Up
BoeFly connects a Baltimore, MD borrower with a bank for a start-up loan to open his Marble Slab Creamery and Great American Cookies franchise
“I knew up front that in order to open up my franchise, I would need financing, which could have taken a long time to secure,” said franchisee Gary Hess of Baltimore, MD. "However, I was able to avoid that frustration by using BoeFly’s convenient online platform. It is an invaluable resource that allowed me to focus on other aspects of opening my business.”
When Hess submitted his loan request to BoeFly, he was connected with 16 lenders who requested access to the deal, including the bank that ultimately funded his loan.
Hess used BoeFly at the recommendation of GFG, which has selected BoeFly to assist its franchisees in obtaining bank financing.
“Global Franchise Group is satisfied to hear that BoeFly has facilitated one of our franchisees’
“It is very rewarding to work with a franchise like Global Franchising Group that supports its franchisees throughout the entire process, including financing,” said Mike Rozman, Co-president of BoeFly. “GFG directed Hess to BoeFly, where he was guided through building a bank-ready financing request and was matched with a lender. We look forward to continuing to work with franchisors like GFG 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