NEW YORK – March 22, 2021 – BoeFly, the leading financial technology company specializing in franchise solutions, announced today Obert and Mandy Muchineripi successfully secured the capital needed to become first-time franchisees of American Family Care through BoeFly’s marketplace.
NEW YORK – March 17, 2021 – BoeFly, the leading financial technology company specializing in franchise solutions, announced today Doug and Kim Parisio successfully secured the capital needed to become first-time franchisees of Pet Supplies Plus through BoeFly’s marketplace.
Reflecting on the past year in which one in five small businesses permanently closed, financial preparedness was a key factor in what helped keep many brands afloat. Specifically, for franchisors like Subway, Senior Helpers, and Meineke, securing millions of dollars in PPP loans for hundreds of franchisees as quickly as possible provided the foundation for recovery.
NEW YORK – March 5, 2021 – BoeFly, the leading financial technology company specializing in franchise solutions, announced today Al Terrell successfully secured the capital needed to become a Smoothie King franchisee through BoeFly’s marketplace.
NEW YORK – March 2, 2021 – BoeFly, the leading financial technology company specializing in franchise solutions, announced today Mark and Ginger Moses successfully secured the capital needed to become Checkers franchisees through BoeFly’s marketplace.
The volatility of 2020 touched every aspect of franchise ownership, but as operators and prospective franchisees consider a plethora of financing options to meet their new location and remodel needs, there’s one piece of advice that remains timeless.
NEW YORK – February 11, 2021 – BoeFly, the leading financial technology company specializing in franchise solutions, announced that Miles Mulman successfully secured the capital needed to become a Senior Helpers franchisee through BoeFly’s marketplace.
In the midst of the economic upheaval Americans have experienced in 2020, many find themselves turning to franchising as a way to own their own business, build sustainable income, and follow a path to tried and true success. With the restaurant industry comprising such a large portion of the total franchise segment worldwide, we’ll be sure to see a growth in restaurant franchising within the coming months. This is of course reflected in the fact that brands across the restaurant industry are already bouncing back thanks to continued innovation, especially in the quick-service and fast-casual segments, which are perfectly equipped to meet changing consumer needs and on-the-go service.
Following the impacts of the pandemic, our country is beginning to reopen and businesses will soon continue to grow. In particular, worthy franchises will continue to grow, welcoming new franchise owners who are ready to take an entrepreneurial leap into a proven business model. While franchises expand, they should use this economic upheaval as a chance to take a microscope to their operations, observing what runs efficiently and what does not. Smart brands are making the most of what they have and doing more with less in order to save time, money and resources for maximized expansion.
How can one find the right borrower-lender relationship in the most efficient way? Accessing capital has never been easier in today’s digital marketplace, but the explosion of choices doesn’t mean businesses are getting the right capital. Mike Rozman joined The Financial Experience Podcast and discussed the evolution of BoeFly, a business financing marketplace, the franchisor lending model, and the unique impact COVID-19 had on the business.