Franchisors and franchisees, reeling from the pandemic and the government-issued closures, are grappling to comprehend the “new normal.” Financing, the lifeblood of franchising, has experienced major shifts and it is critical for businesses to understand the market. BoeFly assembled industry experts to share their perspective on the state of franchise lending and tips to thrive in the new normal.
BoeFly, the leading loan marketplace for the past 10 years, will host daily live webinars to explain the latest updates to the SBA CARE LOAN, signed into law on 3/16/2020. You qualify if you were an established business on March 1 and have fewer than 500 employees (500/location in the restaurant industry).The webinar will cover:
Review of the SBA Paycheck Protection Program, who is eligible, and how to secure your money from the government!
Small business owners who are impacted by the Coronavirus (COVID-19) pandemic should immediately consider how access to capital can help them weather this emergency. BoeFly has engaged with our lending partners to identify options for our franchisor and franchisee clients. Below are immediate options, but we’ll be monitoring this situation closely and will advise as new options come online.
Picking a franchise to purchase can be a difficult task, but finding a franchise loan to fund the venture could prove even more difficult. Formulating a business plan, understanding your financial strengths and weaknesses, and connecting with the right lenders are just a few of the steps toward getting the funding you need. We have ten years of franchise financing experience and know the ins and outs of how to get a franchise loan.
Streamline you diligence and identify issues early with bVerify by BoeFly. bVerify conducts an asset verification, yielding confirmed net worth & liquidity, and provides a detailed credit check and background check on candidates for brands. Watch this 30 minute webinar to learn more.
The types and options for child care loans are dependent upon the specific loan request being made. Financing has traditionally been fairly broad and can include conventional and SBA loans, assets-based loans and other non-traditional funding options.
