News By Tag
* Small business
* More Industries...
News By Location
BoeFly Responds to Superstorm Sandy Crisis with Program to Accelerate Small Business Credit Access
Discounts and rapid response offered for borrowers seeking to rebuild or expand in affected states from North Carolina to Maine
The Federal Emergency Management Agency (FEMA) has worked tirelessly as immediate relief and first response teams have covered the devastated areas in the wake of Sandy. However, natural disasters like Superstorm Sandy can have enormous extended impact on small businesses, both in a negative and positive way. Countless businesses damaged by the hurricane now face unavoidable and costly repairs. Other businesses instead face a far different challenge: demand spiked by the hurricane for their products or services require rapid expansion capital. BoeFly helps solve both challenges by enabling business owners to complete one simple form which is used to efficiently match them with multiple compatible lenders in BoeFly’s 2,400+ strong lender network that are ready to meet the needs of small businesses in the affected areas.
“Small businesses are naturally resilient in the face of serious challenges like the one presented by Hurricane Sandy,” said Mike Rozman, co-president of BoeFly. “Business owners must be able to quickly and efficiently access the capital they need to properly get back on their feet or meet unprecedented demand. The efficiency that BoeFly brings to the commercial lending process is particularly important during crisis periods, when speed is essential. Providing electronic access to more than 2,400 banks through a single loan request is a capability that provides businesses with their best chance of connecting with the capital they so urgently need.”
“At this critical time in our economy Superstorm Sandy can have a devastating effect on small business,” said Bob Coleman, publisher of the Coleman Report and a small business lending expert. “I applaud BoeFly for taking the lead to support those small businesses during this challenging time.”
“Conestoga Bank recognizes the serious impact that Hurricane Sandy had on small business owners throughout the East Coast and remains committed to providing lending support in our communities,”
Business owners affected by Sandy can access BoeFly services for free. Visit http://www.BoeFly.com/
Banks seeking information on how they can help reach more small businesses challenged by the hurricane should contact support@BoeFly.com.
BoeFly is the only online portal to efficiently 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/