IFA’s Credit Access Campaign to Discuss Impact of Technology on Franchise Financing in Webinar

During the July 24th webinar, moderated by the International Franchise Association, BoeFly's Mike Rozman will join franchisor and lender panelists to discuss how leading brands leverage technology tools like BoeFly to help franchisees access credit
By: BoeFly, LLC
 
 
July 23, 2012 - PRLog -- New York, NY – Mike Rozman, co-president of BoeFly, the premier online marketplace connecting small business borrowers with lenders and a strategic ally of the International Franchise Association (IFA) to expand credit access within the franchise community, will be a panelist during a July 24th webinar on how franchise brands can leverage technology such as the BoeFly platform to help franchisees with financing and promote franchise growth.

During the webinar, which begins at 2 p.m. EDT, Rozman will be joined by two franchise executives – Steve Overholser, CFO and treasurer at Great Clips, and Charles Watson, vice president of development at Tropical Smoothie Café – for a discussion on how they use BoeFly to help their franchisees efficiently access credit. Kevin Ellis, vice president of small business lending at Atlantic Coast Bank, will also join to discuss how his bank uses BoeFly to source franchise borrowers. Beth Solomon, the IFA’s vice president of strategic initiatives and industry relations, will moderate the webinar.

BoeFly, a partner in the IFA’s Credit Access Campaign, efficiently connects franchisees and other small business borrowers with over 2,200 national, regional and community lenders through an online marketplace based on compatibility between lending profiles provided by the banks and the information provided in the borrowers’ loan requests. Over 120 franchise brands, including Great Clips and Tropical Smoothie Café, have partnered with BoeFly to offer their franchisees financing support.

“Because access to capital is a key point of concern for many franchise business owners in the current tight credit market, it is critical for them to understand the various resources available to help overcome this issue, and franchisors should do their best to actively educate their franchisees on financing solutions,” said Rozman. “Over 120 franchise brands have signed up with BoeFly to help their franchisees connect efficiently with a vast network lenders and move past the financing barrier, which ultimately helps to drive growth within the franchise sector. ”

Anyone interested in listening to the webinar can register here: https://www1.gotomeeting.com/register/495492808

About BoeFly

BoeFly makes it easier to obtain small business loans 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 2,200 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 2,200 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, now a strategic ally of the International Franchise Association to expand credit access within the franchise community (http://www.boefly.com/ifa.cfm), offers a Franchise Solution 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, 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.

Media inquiries:
Bill Fallon
keating/co
212.925.6900
bfallon@keatingco.com
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Tags:BoeFly, International Franchise Association, Credit Access, Franchise Financing, Technology
Industry:Finance, Technology
Location:United States
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