Jake’s Wayback Burgers Franchisee in Tampa Area Secures Start-Up Financing Through BoeFly

BoeFly connects Lithia, Fla. borrower with Sarasota bank for a business start-up loan to finance opening of Tampa’s first Jake’s Wayback Burgers restaurant, which opened August 16th.
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Jake's Wayback Burgers
Small Business Loans
Franchise
Lithia SBA
BoeFly

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Business
Finance

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Tampa - Florida - US

TAMPA, Fla. - Sept. 6, 2013 - PRLog -- 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 Mark Van Dame, franchisee of the Tampa area’s first Jake’s Wayback Burgers restaurant, secured a start-up loan through a connection made by BoeFly.

Van Dame, a Lithia resident, has more than 17 years of experience in senior-level general, operations and human resources management roles in the consumer products industry. He is excited to have recently opened his Jake’s Wayback Burgers location on August 16th.

“When I decided to open my first restaurant franchise, I knew financing it would be a challenge, and I expected a long and tedious process toward securing a bank loan,” Van Dame said. “Fortunately, that wasn’t the case. Jake’s Wayback Burgers directed me to BoeFly, which made the financing process far more efficient than I thought it would be, and it has allowed me to completely focus my efforts on getting my franchise up and running.”

Van Dame’s loan request received interest from several lenders across the country, and after evaluating the financing options, he chose to work with HomeBanc N.A. in Sarasota, Fla.

“HomeBanc has signed up with BoeFly in an effort to source qualified borrowers, especially those we would not otherwise meet without the help of its online platform,” said John Hanlon, vice president of commercial lending at HomeBanc N.A. “Mark Van Dame’s loan application was a great match for our criteria, and because of BoeFly, we were able to close the deal with him quick and efficiently.”

Van Dame learned about BoeFly at the recommendation of Jake’s Wayback Burgers, which is among more than 125 franchise brands that have selected BoeFly to assist their franchisees with financing support.

“Jake’s Wayback Burgers makes a diligent effort to support our franchisees with critical areas of starting and growing their businesses, and financing is one of those key areas,” said John Eucalitto, President of Jake’s Wayback Burgers. “To help our franchisees get their restaurants funded, we strongly recommend BoeFly as an effective resource to connect them with the best lenders for this financing needs, and Mark Van Dame’s story is one example of our franchisees successfully using the platform.”

BoeFly Co-president Mike Rozman views this success story as an uplifting solution to the widespread issue of small business credit access in the U.S.

“It is always encouraging to see small business owners, franchisors and lenders taking advantage of more efficient solutions to the challenge of accessing capital in today’s tight small business credit market,” said Rozman. “BoeFly has helped Mark Van Dame and many others efficiently secure financing to start up or grow their businesses, and we look forward to continuing to work with reputable franchisors like Jake’s Wayback Burgers and lenders such as HomeBanc N.A. 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 brings 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.

About Jake’s Wayback Burgers

Founded in 1991 in Newark, DE, Jake’s Wayback Burgers is a fast-casual restaurant chain with a reputation for fresh burgers and thick, hand-dipped milkshakes.  Jake’s Wayback Burgers is about serving delicious and fresh, hand-made burgers and hand-dipped milkshakes amidst an atmosphere that hearkens back to a simpler place and time – a time when “customer service” meant something, and everyone felt the warmth of the community.  Jake’s Wayback Burgers has locations nationwide and is continuously expanding franchises.

Media inquiries:

Jessica Sarter/BoeFly/646-755-7433/jsarter@boefly.com
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Tags:Jake's Wayback Burgers, Small Business Loans, Franchise, Lithia SBA, BoeFly
Industry:Business, Finance
Location:Tampa - Florida - United States
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