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Loans to Franchises Increased in August and Year Over Year: IFA/BoeFly Franchise Lending Index
The IFA/BoeFly Franchise Lending Index returns to 100 for the first time since Federal Stimulus
The Index also found that year-over-year loan volume grew by 4.96 percent from August 2012 to August 2013 reaching 100.43. This is the first time the Index has crossed 100 since Federal Stimulus created a spike in December 2010.
The IFA/BoeFly Franchise Lending Index (http://www.boefly.com/
“The exciting growth we’ve seen in the Index in the last two periods is the strongest indication yet that lenders are seeking to meet franchise borrower demand,” said Mike Rozman, co-president of BoeFly. “However, our excitement in crossing the 100 point mark for the first time since 2010 is tempered by the government shutdown and the freezing effect it is having on new SBA approvals.”
“Although the Index tells a positive story about the much-needed improvement in franchise credit access, it is hard to feel anything but frustration at the government shutdown given the uncertainty it is causing for our small business franchise owners” said IFA President and CEO Steve Caldeira.
About the IFA/BoeFly Franchise Lending Index
The IFA/BoeFly Franchise Lending Index is created from a monthly analysis and integration of both proprietary data from BoeFly's marketplace and franchise loan data from the Small Business Administration (SBA). BoeFly's data is collected in real-time based on the activity of more than 3,600 community, regional and national lenders who use BoeFly to most efficiently source franchise borrowers. The SBA data used in the analysis dates back to 2002 and covers more than $20 billion in franchise loans. The Index, a time series index set to a value of 100 in January 2002, creates an insightful, standard measure of franchise credit access. The Index is an initiative of the strategic alliance between the IFA and BoeFly announced in 2012.
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 the International Franchise Association
The International Franchise Association is the world's oldest and largest organization representing franchising worldwide. Celebrating over 50 years of excellence, education and advocacy, IFA works through its government relations and public policy, media relations and educational programs to protect, enhance and promote franchising. Through its media awareness campaign highlighting the theme, Franchising:
Jessica Sarter | BoeFly.com | 646.755.7433 | firstname.lastname@example.org