Wings, Etc. Franchisee Secures Financing Through BoeFly’s Online Loan Exchange

By: BoeFly, LLC
 
 
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Wings Etc
Ridgestone
BoeFly
Small Business Loan
Franchise Finance

Industrys:
Finance
Food

Location:
Fishers - Indiana - US

FISHERS, Ind. - July 22, 2015 - PRLog -- New franchisee Chris Niedbalski has secured financing to open a new Wings, Etc. location in Fishers, Ind. thanks to Ridgestone Bank and BoeFly. Niedbalski worked with a dedicated BoeFly loan specialist to put together a comprehensive and complete loan package which was made available to multiple lenders on BoeFly’s online loan marketplace. Ultimately, it was Ridgestone whose SBA loan term sheet was accepted by Niedbalski and who closed the loan.

Previously, Niedbalski was discouraged by the amount of time and energy required to secure financing through the traditional bank-to-bank approach. With experience in small business ownership and management, Niedbalski recognized the need for BoeFly’s services in order to make financing his start-up a time efficient and cost effective process. BoeFly expedited the financing process and quickly connected him with compatible lenders using its proprietary matching technology.

“BoeFly experts put me in contact with lenders who actually wanted to help me start my business,” said Niedbalski. “I was hesitant to become a franchise owner before I had heard of BoeFly because I just didn’t think I had the time to devote to finding bank financing. BoeFly solved the problem for me.”

“At Ridgestone Bank, we love working with ambitious franchisees like Chris Niedbalski,” said Tony Kim, VP of Commercial Lending at Ridgestone Bank. “Thanks to BoeFly, Ridgestone can connect with talented and promising small business owners quickly and structure a loan most beneficial to them so they can get the financing they need to be able to move forward with their business plans.”

“The process of going from bank to bank to look for financing is antiquated and inefficient,” said Mike Rozman, CEO of BoeFly. “Furthermore, by limiting yourself to local lenders you may decrease your chances of getting financing or getting financing at the best rates and terms. It is always encouraging to see small business owners, franchisors and lenders taking advantage of more efficient solutions to seeking financing in today’s tight small business loan market. BoeFly has helped Mr. Niedbalski as well as many other small business owners secure financing to start up or grow their businesses, and we look forward to continuing to work with reputable franchisors like Wings, Etc. and lenders such as Ridgestone Bank to help drive even more small business growth and create even more new jobs.”

Wings Etc. is a rapidly growing, family-friendly franchise operating in the full-serve bar and grill restaurant segment. The company’s combination of “laid-back” atmosphere, sports programming available on dozens of large HDTVs, and award-winning menu items will no doubt attract many families and residents of the surrounding area of Fishers, IN. The menu features signature jumbo wings, gourmet burgers, subs, quesadillas, wraps, salads, and appetizers including Wings Etc.’s famous “Ultimate Nachos.” The full-service bar offers over 40 beers in bottles and on tap, as well as wine and cocktails.

“BoeFly offers a service that provides benefits to franchisees, lenders, and franchisors,” said Robert Hensmann, Executive Vice President and CFO of Wings, Etc. “BoeFly’s ability to quickly match our franchisees with appropriate lenders allows our franchisees to focus on their operational and development priorities while leaving the financing piece to experts more familiar with the process. We will continue to harness the advantages of BoeFly so our franchisees can have the access to capital that many of them need.”

About Wings Etc.

Wings Etc. Grill & Pub first gained fame when, in 1995, its signature “Jumbo Wings” beat out a host of Buffalo Wing competitors in the South Bend (IN) Tribune’s “Best Wings” annual reader’s poll. It’s a title Wings Etc. has won for 20 consecutive years, and the chain’s popularity with South Bend sports fans—and those graduating from its famed local university—has propelled Wings Etc. from a single location into a multiregional franchise company operating 34 pubs in Illinois, Indiana, Michigan, Missouri, and North Carolina. In addition to its menu options, the chain features daily lunch specials from 11a-2p, daily food and drink specials, full bar service, and a popular kid’s menu.

For information about Wings Etc. franchising please visit http://www.wingsetcfranchise.com/. (http://www.wingsetcfranchise.com/)

About BoeFly

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 with favorable rates and terms. 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, and is the choice of more than 125 brands, including Dunkin’ Donuts, Carl’s Jr., and Kiddie Academy.

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.

About Ridgestone Bank

Ridgestone Bank is a privately-held bank with full-service branch locations in Brookfield, Wis. and Schaumburg, Ill., as well as lenders in Indianapolis, Northeast Wisconsin, Northcentral Wisconsin, Tennessee, Southern California, Ohio and Madison, Wis.  Founded in 1995, the bank is a leader in small business and government guaranteed lending nationwide.  Distinguished by the SBA as an “SBA Preferred Lender,” Ridgestone Bank is a top 10 SBA lender in the nation, is the number one SBA lender in Illinois, and is the number one SBA lender in its asset size in Wisconsin.  Ridgestone Bank is a leader in USDA lending in the United States and has been recognized as a valued partner by the USDA for its commitment to small businesses.  Ridgestone Financial Services trades its common stock on the OTC Market exchange under the ticker symbol “RGST.” For more information on Ridgestone Bank, visit www.ridgestone.com.

Contact
Jessica Sarter
jsarter@boefly.com
800-277-3158
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Tags:Wings Etc, Ridgestone, BoeFly, Small Business Loan, Franchise Finance
Industry:Finance, Food
Location:Fishers - Indiana - United States
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