PRLog (Press Release) – Sep 26, 2012 – New York, NY – BoeFly, the premier online marketplace connecting small business borrowers with lenders and a strategic ally of the International Franchise Association (IFA) to expand credit access within the franchise community, announced today that Arely Benavides, a Pop-A-Lock franchisee in San Clemente, Calif., secured a start-up SBA loan of $233,000 from a bank in Orange County through a connection made by BoeFly.
In her search for start-up financing, Benavides worked with David Grams, senior director of SBA funding at Benetrends, a company based in North Wales, Penn. that offers a full suite of funding options to help entrepreneurs get the financing they need for their small business or franchise.
“When I started out in seeking the financing I needed, I wanted my search to be as efficient as possible, and that is why I chose to work with David Grams,” Benavides said. “I am very pleased to know that he used BoeFly’s technology to secure my loan in an environment where banks are able to compete.”
Grams posted Benavides’ complete loan package onto BoeFly, which included 14 supporting documents.”
BoeFly’s major value proposition for me as a small business financing consultant is that the platform allows me to securely control all of my clients’ information and connect with lenders I may not otherwise know in a very efficient way,” Grams said.
Benavides’ loan request received interest from several lenders across the country. After evaluating the financing offers, Grams chose to connect with a bank in the Orange County area. Mike Rozman, BoeFly’s co-president, views this success story as an uplifting solution to the widespread issue of small business credit access in the U.S.
“Arely Benavides’ story speaks to a common issue in today’s tight small business credit market, as many small business owners nationwide find challenges in efficiently accessing the capital they need,” said Rozman. “Fortunately, BoeFly has helped her and many others efficiently secure financing to start up or grow their businesses, and we look forward to continuing to work with reputable consultants such as David Grams to help drive small business growth and create new jobs.”
With more than 85 franchise areas providing service to more than 3,500 communities nationwide, Pop-A-Lock is the largest full-service locksmith company in the United States.
BoeFly makes it easier to obtain small business loans (
http://www.boefly.com) by reducing the time, cost, complexity, inefficiency and frustration associated with small business lending. Its online proprietary matching technology connects small business borrowers with multiple lenders from among its over 2,200 participating banks, based on the lending profiles provided by the banks and the information provided in the borrower’s loan request.
Borrowers build a complete decision-ready loan request online using BoeFly’s exclusive “SmartForm” technology which, when completed, provides the information that over 2,200 lenders nationwide indicated to BoeFly they want to see before moving forward with a loan request. The SmartForm is easy to use and guides borrowers through the process. Once BoeFly’s matching technology identifies compatible lenders, borrowers then have complete control over which lenders can instantly access their loan request. Using BoeFly, borrowers can connect with multiple lenders quickly and easily, providing a greater probability of obtaining a 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 not a broker. Borrowers pay a small one-time fee and lenders pay an ongoing subscription fee; BoeFly never charges transaction or referral fees.
BoeFly, now a strategic ally of the International Franchise Association to expand credit access within the franchise community (http://www.boefly.com/ifa.cfm), offers a Franchise Solution brings these benefits to the large and growing small business franchisee community and is the choice of more than 125 brands, including Dunkin’ Donuts, Carl’s Jr., Express Personnel and Kiddie Academy, among many others.
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.