Papa Murphy’s Franchisees in North Carolina Secure SBA Loan to Open Second Pizzeria
BoeFly connects Hickory, N.C. borrowers with a local bank for an SBA expansion loan to open their second Papa Murphy’s location in Charlotte
Papa Murphy's is the fifth-largest pizza chain in the country and the pioneer and leader of the take-and-bake pizza segment. Papa Murphy's operates more than 1,300 franchised and corporate-owned locations in 37 U.S. states and Canada.
“When we decided to expand and open a second store, Sharon and I wanted the process of seeking an expansion loan to be as efficient as possible, and Papa Murphy’s was very helpful in positioning BoeFly as a resource that helped us connect with a bank and secure the financing we needed,” said Mark Slaughenhoupt. “We look forward to opening our second location and bringing quality take-and-bake pizzas to our customers.”
When the Slaughenhoupts submitted their pizza franchise loan (http://www.boefly.com/
The Slaughenhoupts used BoeFly at the recommendation of Papa Murphy’s, which has selected the platform to assist its franchisees in obtaining bank financing.
“At Papa Murphy’s, supporting our franchisees in major areas such as financing is as much of a priority as providing fresh, high-quality take-and-bake pizzas for our customers,” said Dick Larsen, vice president of development at Papa Murphy’s. “We are dedicated to guaranteeing that our franchisees have the tools they need to operate their stores and to expand, and BoeFly has proven to be a very worthwhile tool in helping the Slaughenhoupts secure the loan they needed to open a second location.”
“It is great to work with a franchise system like Papa Murphy’s that supports franchisees throughout the process from the ground up,” said Mike Rozman, co-president of BoeFly. “Papa Murphy’s pointed the Slaughenhoupts to BoeFly, where they were guided through building a bank-ready financing request, which was matched with a bank in their area. We look forward to our continued work with brands such as Papa Murphy’s in helping to support their 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.
About Papa Murphy’s
Papa Murphy's is the fifth-largest pizza chain in the country and the pioneer and leader of the take 'n' bake pizza segment. Papa Murphy's operates over 1,300 franchised and corporate-owned locations in 37 states and Canada. The Vancouver, Wash.-based company offers custom-made pizzas featuring high-quality, fresh toppings generously layered on pizza dough that is made fresh each morning in each store. By baking Papa Murphy’s pizzas at home, customers get to experience the home-baked aroma of a convenient, delicious meal that the brand is known for. In addition to handmade pizzas, the company offers a growing menu of take 'n' bake items, including Cheesy Bread, Cinnamon Wheels, and chocolate chip cookie dough. Papa Murphy’s was recently voted “#1 Rated Pizza Chain” by surveyors in Zagat Survey’s 2010 & 2011 Fast Food Surveys and is a four-time recipient of Pizza Today’s Chain of the Year award. For more information, visit http://www.papamurphys.com. Find Papa Murphy’s on Facebook at http://www.facebook.com/
Bill Fallon/ Keating Co. /212.925.6900/
Page Updated Last on: Feb 14, 2013