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It starts with streamlined operations and strategic lending for franchisees.

There are several avenues a franchisor can take to increase a franchisee’s access to lending and capital.

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.

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.