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Saladworks Franchisee in Northeastern Pennsylvania Secures SBA Loan to Open First Poconos Restaurant
BoeFly connects a Stroudsburg, Pa. borrower with a bank for a start-up loan of $340,000 to open a Saladworks franchise
“We found BoeFly incredibly easy to use, and we were blown away at how many serious lenders we met,” said Mark and Ebony Satterfield, the East Stroudsburg husband-and-
When the Satterfields submitted their loan request to BoeFly, they received requests from 13 lenders to view their loan package.
“We will certainly use BoeFly when we need capital to open up our future Saladworks locations,” they said.
The Satterfields used BoeFly at the recommendation of Saladworks, which has selected the platform to assist its franchisees in obtaining bank financing.
“Saladworks franchisees have found success in the past with BoeFly, and we use the service in an effort to support our franchisees with the challenge of financing,” said Jason Mattes, vice president of development for Saladworks. “We were thrilled that the service helped the Satterfields become first-time owners, and are confident in the BoeFly platform and the future success it could bring to Saladworks franchisees.”
“It is nice to work with a franchise system like Saladworks that supports franchisees throughout the entire process, including financing,” said Mike Rozman, Co-president of BoeFly. “Saladworks pointed the Satterfields to BoeFly, where they were guided through building a bank-ready financing request and were matched with a bank in their state. We look forward to continuing our work with Saladworks in helping to support its 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.
Saladworks, celebrating its 25th anniversary, is the nation’s first and largest fresh-salad franchise concept, operating 104 locations in 13 states with more than 60 units in development. Saladworks offers a "fanatic’ly fresh" menu of flavorful salads, signature dressings, proprietary soups, Fusion and Panini sandwiches. With the addition of the True Nutrition menu, Saladworks’ signature salads average less than 300 calories. In 2012, Entrepreneur magazine named Saladworks the nation’s number-one salad franchise, for the fourth year in a row. It is consistently listed on QSR’s 10 Best Franchise Deals; Inc.’s 500/5000; and Philadelphia Business Journal’s Best Places to Work. Scardapane was named 2011 CEO of the Year by SmartCEO. For more information, visit http://www.saladworks.com.
Page Updated Last on: Sep 06, 2012