New Meineke Car Care Franchisees Secure SBA Loan Through BoeFly
By: BoeFly, LLC
NEW YORK - July 8, 2015 - PRLog -- BoeFly, a valuable lending solution for both established and first time business owners, today announced the successful funding for Meineke franchisees, Jay and Renee Davis. The Davises worked closely with a BoeFly expert to assemble a fully packaged, bank ready financing request and presented it to a number of potential lenders, including Craig Kaffenberger, Vice President, SBA Division at T-Bank, who closed the loan.
“Deciding to extend a small business loan to Jay and Renee was an easy decision for us,” said Kaffenberger, “and we continue to find great success in meeting qualified and worthy borrowers through our BoeFly relationship.”
Determined to start a Meineke business in the Monroe, LA, area, Jay and Renee knew they needed access to reasonably priced capital and were worried that finding financing would be a major obstacle. BoeFly was able to relieve their worry and work closely with them to put together a strong loan package and present it in front of the right lenders that would be the perfect fit for this project.
“Our devoted loan specialist at BoeFly really helped us,” said Jay Davis, “guiding us through the entire process and matching us with impressive lender options. We are so grateful that Meineke has partnered with BoeFly to help franchisees like Renee and I secure the financing we needed quickly and easily. We are thrilled to have found Craig at T-Bank through BoeFly.”
With more than 5,000 qualified lenders in its database, BoeFly is an integral part of the growth strategy for many startup and franchise-based businesses.
“BoeFly was created to ensure that skilled people like the Davis’s, who have valuable experience and are determined to become small business owners, are not hindered by lack of access to capital when starting a business,” said Mike Rozman, CEO of BoeFly.
Meineke connects new franchisees with BoeFly for startup funding and connects existing franchisees looking to grow and expand.
“Meineke is committed to strong, steady growth and we remain committed to delivering proven support and guidance to our franchisees with financing being a crucial way we help,” said Danny Rivera, President of Meineke. “BoeFly is a key partner that really streamlines the loan process so franchisees can open the door to profitability sooner.”
BoeFly is the industry’s only on-line matching platform connecting small business borrowers with multiple lenders from among its more than 5,000 participating banks and specialty finance companies. By using BoeFly’s proprietary matching technology, borrowers have a greater probability of obtaining a small business 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 a strategic ally of the International Franchise Association, with the objective being to expand credit access within the franchise community (click here for more information)
Founded in 2010 by small business owners and small business lending experts, BoeFly’s marketplace has accommodated over $4.2 billion in transactions. For more information, visit www.boefly.com.
Meineke Car Care Centers, LLC is a division of Driven Brands, Inc., the leading automotive aftermarket franchisor in the world. Founded in 1972, Meineke has more than 900 centers that service approximately 3 million cars a year. Over the years, Meineke has expanded its product offerings to better meet the demands of its customers and a changing marketplace. Meineke continues to be ranked as one of the best franchise opportunities in the country and has recently won top franchise rankings from Forbes, Franchise Times and Entrepreneur Magazine. For more information, please visit www.meineke.com.
Page Updated Last on: Jul 08, 2015