Moran Family of Brands Selects BoeFly To Assist Its Franchisees In Obtaining Bank Financing

Sept. 5, 2012 - PRLog -- New York, NY – BoeFly, the premier online marketplace connecting small business borrowers with lenders and a strategic ally of the International Franchise Association to expand credit access within the franchise community, announced today that Moran Family of Brands, one of the leading franchisors of general automotive repair, transmission repair and automotive accessory centers in the country, has selected BoeFly to assist its franchisees in obtaining bank financing.

Nearly half (49.2%) of the respondents in a recent survey by the International Franchise Association (IFA) of its members identified “financing/access to credit” as the top issue of concern to franchise business leaders. In response to this concern, and bolstered by its success in helping many individual franchisees obtain financing, BoeFly created a portfolio of services for the franchisor market. Through BoeFly, they can offer their franchisees access to a network of lenders through the posting of a single loan request on BoeFly’s Internet-based loan exchange, assistance in creating an effective loan request, and support managing lender inquiries. BoeFly uses proprietary matching technology to connect franchisees with lenders that their loan package meets specific lending criteria, increasing franchise revenue by helping franchisees connect with the capital they need to open their businesses.

Moran Family of Brands, previously known as Moran Industries, changed it’s name in 2011 to better reflect the multiple brands and services that the company offers and the commitment to building a family environment for franchisees. Moran Family of Brands has franchises in almost every aspect of the automotive repair category, with Mr. Transmission, Multistate Transmission, Dr. Nicks Transmission, Milex Complete Auto Care and Alta Mere Toys for Your Car. Through hard work, commitment to customers and development of innovative products and services, Moran Family of Brands is one of the leading transmission, auto repair and accessory franchises in the country. The company continues to evolve to meet customer demand, market conditions and revenue opportunities with innovation, ingenuity and collaboration. The Moran Family of Brands is an organization offering automotive franchise opportunities perfectly positioned for long-term, sustainable growth.

“Moran Family of Brands is an automotive and transmission franchise brand that is committed to doing whatever it takes to meet our customers’ needs, exceed expectations and increase profitability,” said Barbara Moran, the President and Chief Executive Officer of Moran Family of Brands. “We are working with BoeFly because we recognize the service can offer our franchisees an efficient way to access the financing they need to run their locations and continue to improve and satisfy potential.”

“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.”

About Moran Family of Brands

Midlothian, Illinois-based Moran Family of Brands is one of the leading franchisors of general automotive repair, transmission repair and automotive accessory centers in the country. Moran Family of Brands provides specialty products and services in virtually every aspect of the automotive aftermarket through six franchise brands and more than 130 franchise locations nationwide including: Mr. Transmission USA service centers (Mr. Transmission, Multistate Transmission, Dr. Nick Transmission); Alta Mere “Toys for Your Car”; and Milex Complete Auto Care centers and now SmartView Window Solutions. For more information on Moran Family of Brands, visit http://www.MoranFamilyOfBrands.com or call 708-389-5922. For more information on Mr. Transmission, visit http://www.MrTransmission.com, Milex Complete Auto Care http://www.MilexCompleteAutoCare.com and Alta Mere Toys for your Car http://www.AltaMere.com. SmartView Window Solutions http://www.SmartViewWindow.com.

About BoeFly

BoeFly makes it easier to obtain small business loans (http://www.boefly.com/) 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
bfallon@keatingco.com
212-925-6900