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Meineke Franchisees Secure Bank Financing Through BoeFly’s Online Loan Exchange
By: BoeFly, LLC
“Deciding to extend a small business loan to Ciaran and Christina was an easy decision for us,” said Hucka, “and we continue to find great success in meeting qualified and worthy borrowers through our BoeFly relationship.”
With 25 years of combined management experience, the Fitzgeralds felt confident in their ability to successfully operate and manage their own business. However, they 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 by working closely with them to put together a strong and well-structured loan package for those lenders that they knew would be interested in this particular type of project.
“Our devoted loan specialist at BoeFly really helped us,” said Ciaran Fitzgerald, “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 Christina and I secure the financing we needed quickly and easily. We are thrilled to have found Brett at Stearns 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 Fitzgeralds, 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 helps prospective and existing small business owners secure fast, efficient and competitive financing through its online matching platform, which connects borrowers with lenders from among its more than 5,000 participating banks and specialty finance companies. 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 the leading franchise lending solution, having supported franchisees from more than 395 unique franchise brands since 2014, including Carl’s Jr., Meineke, Jamba Juice and Kiddie Academy.
Founded in 2010 by small business owners and small business lending experts, BoeFly’s marketplace has accommodated over $4.5 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.
About Stearns Bank N.A.
Stearns Bank was founded in 1912, and Owner & CEO Norm Skalicky has led Stearns since 1964. Stearns Bank N.A. is a $1.9 billion top-ranked financial holding company based in Minnesota and nationwide preferred SBA lender, with bank locations in Minnesota, Florida, Georgia, Arizona, and a nationwide Equipment Finance Division. Stearns Bank ranks 1st in ICBA Independent Banker’s 2015 Best of the Best, based on Return on Average Assets among banks with $1 billion or more in assets nationwide. The registered trademark motto for Stearns is: “We get the job done!” For more information, visit www.stearnsbank.com.