101 Mobility Franchisee in Massillon Secures Financing Through BoeFly to Acquire a Business

Sept. 28, 2012 - PRLog -- New York, NY – BoeFly, the premier online marketplace connecting small business borrowers with lenders and a strategic ally of the International Franchise Association (IFA) to expand credit access within the franchise community, announced today that Jeff Franklin, a 101 Mobility franchisee in Massillon, Ohio, secured an SBA-guaranteed acquisition loan of $362,000 from an Ohio bank through a connection made by BoeFly.

Headquartered in Wilmington, N.C., 101 Mobility is a franchised local provider of mobility and accessibility equipment, including auto lifts, stair lifts, turning seats, modular ramps and platform lifts.

In his search for start-up financing, Franklin worked with David Grams, senior director of SBA funding at Benetrends, a company based in North Wales, Penn. that offers a full suite of funding options to help small businesses.

“David Grams and Benetrends were immensely resourceful in using BoeFly’s platform to find me the best possible option for financing the acquisition of my 101 Mobility franchise,” said Franklin. “With the loan, I am able to effectively run the business and serve the mobility and accessibility needs of the local community.”

Grams posted Franklin’s complete loan package onto BoeFly, which included 21 supporting documents.

"I have experienced a great amount of success using BoeFly to secure financing on behalf of my business clients,” Grams said. “BoeFly has proven to be a critical tool that I will continue to use consistently to help my clients in seeking and securing funding."  

Franklin’s loan request received interest from several lenders across the country, and after evaluating the financing offers, Grams chose to connect with an Ohio bank to fund the loan.
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Mike Rozman, BoeFly’s co-president, views this success story as an uplifting solution to the widespread issue of small business credit access in the U.S.

“Jeff Franklin’s story speaks to a common issue in today’s tight small business credit market, as many small business owners nationwide find challenges in efficiently accessing the capital they need,” said Rozman. “Fortunately, BoeFly has helped him and many others efficiently secure financing to start up or grow their businesses, and we look forward to continuing to work with qualified borrowers such as Jeff and reputable consultants such as David Grams to help drive small business growth and create new jobs.”


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 2,200 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 2,200 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, now a strategic ally of the International Franchise Association to expand credit access within the franchise community (http://www.boefly.com/ifa.cfm), offers a Franchise Solution brings these benefits to the large and growing small business franchisee community and is the choice of more than 125 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@keatingeahco.com