BoeFly Announces Recipient of 2011 Lender of the Year Award Competition

Feb. 2, 2012 - PRLog -- New York, NY – BoeFly, the premier online marketplace connecting small business borrowers with lenders, announced today that it has named Kevin Ellis, Vice President of Small Business Lending at Atlantic Coast Bank in Jacksonville, FL, its 2011 Lender of the Year. BoeFly announced its first-annual Lender of the Year Award competition in December 2011 and accepted nominations for lenders who exemplified qualities of the Ideal BoeFly Lender, including innovation, responsiveness, diligence, serving clients’ needs, embracing technology and executing well.

“I feel extremely honored and touched to have been named BoeFly’s 2011 Lender of Year,” said Kevin Ellis, Vice President of Small Business Lending at Atlantic Coast Bank and recipient of the first-annual BoeFly Lender of the Year Award. “As part of a community bank, I am dedicated to doing all I can to source small business and franchise borrowers and fund their loans so they can efficiently move forward with their entrepreneurial endeavors without dwelling on the issue of financing. BoeFly’s streamlined platform has proven to be instrumental in helping me source these borrowers quickly and easily, and close some very promising deals.”

The award will be presented to Ellis at the Franchise Finance Conference, sponsored by Franchise Times, on March 7, 2012, in Las Vegas. As the winner, Ellis will receive complimentary conference registration, airfare and hotel accommodation, and will be included as an expert panelist at the conference.

“Franchise Times is proud that BoeFly has selected to honor Kevin Ellis, the BoeFly Lender of the Year, at our Franchise Finance Conference,” said Mary Jo Larson, Publisher and Vice President of Franchise Times. “The mission of Franchise Times is to inform franchisees and franchisors of the resources available to help build and grow franchise businesses, and lenders like Kevin deserve to be commended for their resourcefulness and commitment to helping franchisees overcome the key issue of financing.”

In addition to Ellis, 20 lenders across the United States were recognized with Honorable Mentions:  Dana Campbell, Atlantic Coast Bank; Robert J. Rasmussen, Balboa Capital; Dawn Kuhn, Bank Midwest; Kristy Hall, Bank of America; Morgan Johns, Conestoga Bank; Sherwin Patridar, First Capital Bank; Paul Sutton, First National Bank Southwest; Jack Close, Forest Park National Bank and Trust; Troy Hutton, Heritage Bank, AZ ; Robert Gloer, IOU Central Business Lending; Deryl Shuester, Midwest Community Bank; Scott Shulman, Newtek; Terry Sorenson, Olmstead National Bank; Kimberly Solarz, On Deck Capital; Cindi Adams, Palmetto Bank; Melyn Acasio, Security Business Bank of San Diego; Dennis Bourgeois, Sunrise Bank of Arizona; Doug Bagnasco, United Capital Business Lending; Erik Daniels, US Bank; and Larry Vandenburg, Washington Trust Bank.

“BoeFly is honored to work with reputable lenders like Kevin who are making small business lending a top priority in today’s tight credit environment, and who have demonstrated success in sourcing and funding deals in an innovative and efficient way,” said Mike Rozman, Co-president of BoeFly. “Kevin is a prime example of the Ideal BoeFly Lender: innovative, responsive, diligent, attentive to clients’ needs, technologically savvy and efficient.”

About BoeFly

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 1500 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 1500 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’s Franchise Solution brings these benefits to the large and growing small business franchisee community and is the choice of over 90 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.

Media inquiries:

Bill Fallon/ Keating Co. /212.925.6900/ bfallon@keatingco.com

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BoeFly connects small business borrowers, franchisors, and lenders online to facilitate the process of small business lending. For more information please visit http://www.boefly.com