Martinizing® Dry Cleaning Franchisee in Illinois Secures Start-up Financing to Open Business

March 8, 2013 - PRLog -- JOLIET, Ill. – BoeFly, the premier online marketplace connecting small business borrowers with lenders and a strategic ally of the International Franchise Association (IFA) to expand credit access within the franchise community, announced today that Vince Aversano, a Manhattan, Ill. resident and franchisee of Martinizing Dry Cleaning in Mokena, Ill., secured an SBA-guaranteed start-up loan from Ridgestone Bank in Schaumburg, Ill. through a connection made by BoeFly.

Aversano found the BoeFly platform to be very efficient in helping him build a secure financing request online and connect with 10 serious lenders who competed to fund his loan, and he was ultimately glad to connect with a bank in his area.

“Without BoeFly, I probably would not have connected with Ridgestone Bank, and I am very pleased with how efficient the entire process was,” said Aversano, who owns a dental practice in Manhattan. “Now that I have secured a loan, I look forward to opening a new dry cleaning business to serve the Mokena community.”

Aversano chose to work with Ridgestone Bank, since they have extensive experience in SBA lending and are the #1 SBA lender in Illinois and a top SBA lender nationwide.

“As a longtime user of BoeFly, I know how valuable it can be in helping me find appropriate business borrowers,” said Tony Kim, business development officer and vice president specializing in SBA lending and commercial banking at Ridgestone Bank. “I am pleased to have met Vince Aversano through BoeFly and am looking forward to a sustained relationship with him and his Martinizing franchise.”

Aversano used BoeFly at the recommendation of Martinizing, which has selected the platform to assist its franchisees in obtaining bank financing.

“Franchisees of Martinizing Dry Cleaning are seeking a long-term business opportunity, and we are committed to providing our franchisees with the necessary support, especially in the area of financing, to help them successfully operate their stores,” said Kevin Kaeding, the Corporate Controller of Martin Franchises Inc., franchisor of Martinizing Dry Cleaning. “We are very glad to know that one of our newest franchisees, Vince Aversano, had success in seeking financing on BoeFly, the leading marketplace for franchise loans.”

Mike Rozman, BoeFly’s co-president, views this success story as an effective solution to the issue of credit access facing many small business owners across the U.S.

“Vince Aversano’s story speaks to a common issue in today’s tight small business credit market, as many small business owners nationwide find challenges in efficiently accessing the capital they need,” said Rozman. “Fortunately, BoeFly has helped him and many others efficiently secure financing to start up or grow their businesses, and we look forward to continuing to work with reputable lenders such as Ridgestone Bank and franchisors such as Martin Franchises Inc. to help drive small business growth and create new jobs.”

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 3,600 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 3,600 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 bringing these benefits to the large and growing small business franchisee community and is the choice of more than 125 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. /212.925.6900/ bfallon@keatingeahco.com