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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
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/
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”
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.