News By Tag
News By Location
Meineke Franchisee Obtains Bank Financing via BoeFly
By: BoeFly, LLC
Providing an SBA loan to Chris for his new Meineke business was an easy decision for the bank, which regularly relies on BoeFly as a source of qualified small business borrowers.
Johnson felt confident in his ability to successfully operate and manage his own business. However, he knew he needed access to reasonably priced capital and was worried that finding financing might prove to be an obstacle. BoeFly was able to relieve his worry and worked closely with him to put together a strong loan package and present it to those lenders that would be the perfect fit for this project.
“My devoted loan specialist at BoeFly really helped me,” said Johnson, “making the entire financing process painless and efficient. They took the guesswork out of it and all I had to do was give them the documents they asked for – after that they put me in touch with those lenders that they knew might be interested in funding a new Meineke location and I didn’t have to waste my time with any banks that never would have funded my kind of deal in the first place. Furthermore, I was very pleased to be presented with offers from national and regional banks as well. It helped me understand the level of service I could expect to receive, knowing I wanted to establish a long term relationship with the bank I chose.”
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 Chris Johnson, 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.