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For any franchise, buildout costs are a key consideration. In Item 7 of the Franchise Disclosure Agreement (FDD), Franchisors provide a range of estimated costs associated with opening their franchise — including buildout costs. These estimates will help Franchise Owners determine how large of a loan to secure. However, with fluctuating material costs and rising inflation, Franchise Owners can run into trouble by underestimating how much commercial buildout costs. As an experienced franchise lending partner, BoeFly helps Franchisors and Franchise Owners from all industries navigate today’s market and secure funding.

Launching your first franchise is a lot like buying a house — a big, exciting purchase that comes with lots of details and questions. If you’re getting lost in the financial lingo of franchise lenders, don’t worry. You don’t need to be an expert in finance to be successful. With a working knowledge and the right financial partners, you can be confident you’re making the right decisions.

Franchisees, new and existing, know that access to capital is a critical item on their path to opening and growing.  Combine that with record fast-rising interest rates and a looming recession and we know franchisees need information now more than ever.  Listen in below as a panel of experts discuss topics around the state of franchise lending, pitfalls to avoid, and tips for success!

BoeFly’s Franchise Funding Specialists make acquiring a franchise loan easier than ever

Even if you’re familiar with the business model or industry you’re entering, financing a franchise can be challenging. A considerable part of this challenge lies in finding the right lender, efficiently moving through the bank underwriting and closing process, and understanding the requirements every step of the way. This process can be confusing and time-consuming if you’re unfamiliar with the lending process. That’s where BoeFly comes in. Our Specialists will guide you through every step of the franchise financing process, and our secure online platform helps make things quick and easy. “The most rewarding part of my job is helping first-time business owners achieve their dreams of opening their own business. These business owners appreciate the hands on approach our Funding Services team provides throughout the financing process.” ­– Brooke Ingram, Senior Director of Funding

What should you know about Small business Financing going into 2023?

Financing your franchise? Here’s some easy-to-understand advice from our experts.

When it comes to securing the financing you need to expand your business portfolio or jumpstart that next growth spurt, the process can be overwhelming. The logical first step would be to approach a bank. But is that really the best choice? Approaching bank after bank and navigating the paperwork can be a drain on your time and productivity. There is a better way. Here are three reasons you should let BoeFly connect you to your next loan.

For many brands, an investment by a private equity firm means the influx of badly needed capital to accelerate new growth, while for some, it can be a life- and business-changing event. Today, we’re seeing Franchisors of all sizes and stages being scrutinized by private equity investors. There are millions of dollars that are literally up for grabs. Are you ready?

Franchisors of all sizes and stages have watched private equity investors focus their attention, & checkbooks, towards the franchise sector. For many brands, a private equity investment means more fuel to accelerate growth while for some select founders it can mean a life-changing liquidity event. Listen in as CEO & Co-founder of BoeFly, Mike Rozman, as he moderates a panel of experts discussing this important topic.

When it comes to investing in a franchise, many prospective Franchise Owners will need to partner with a franchising financing lender to acquire a loan for their franchise.