New York, NY (PRWEB) February 11, 2014
BoeFly, the online marketplace connecting small business borrowers with lenders and a strategic ally of the International Franchise Association to expand credit access within the franchise community, announced today that School of Rock has selected BoeFly to assist its franchisees in obtaining bank financing.
In an International Franchise Association (IFA) survey of its members, nearly half (49.2 percent) identified “financing/access to credit” as the top issue of concern for franchise business leaders. In response to this, BoeFly offers a portfolio of services for the franchisor market. Through BoeFly, brands can offer franchisees access to a network of lenders through the posting of a single loan request on BoeFly’s Internet-based loan exchange, assistance in creating an effective loan request, and support managing lender inquiries. BoeFly uses proprietary matching technology to connect franchisees with lenders.
School of Rock, “inspiring the world to rock on stage and in life”, sets itself apart with its schools’ performance-based approach to music education which can inspire students and change lives. In addition to individual private music instruction on guitar, bass, vocals, keyboards and/or drums, students also learn how to jam with their peers in interactive environments at 125 locations throughout the U.S., Mexico, Brazil, Canada, Chile and the Philippines.
“School of Rock provides franchisees with ongoing training and support so they can grow a viable business while offering an unparalleled performance-based rock music program to the growing number of communities they serve,” said Chris Catalano, CEO of School of Rock. “Our success and international development are proof that rock music is still very much alive and well, and we’re excited to offer BoeFly as a way to support and best position our franchisees to obtain financing.”
“Great franchise brands recognize that it is critical to support their franchisees in all business aspects, and financing is a headline issue,” said Mike Rozman, co-president of BoeFly. “BoeFly eliminates the systemic inefficiencies that borrowers face in securing financing by positioning the franchisee to build a complete financing request securely online and then connecting franchisees with banks that are ready and willing to lend. The entire BoeFly team is very pleased to be working with School of Rock and to support their exciting growth goals.”
About School of Rock
The music school your mom and dad wished they had when they were kids, School of Rock is an ingenious concept that gets kids and adults rocking out to the classics and up and performing with their peers. With more than 125 locations in seven countries, the franchise proves that rock and roll is here to stay. For more information about the franchise opportunity, please visit http://franchising.schoolofrock.com
BoeFly is the industry’s only on-line matching platform connecting small business borrowers with multiple lenders from among its more than 3,600 participating banks and specialty finance companies. By using BoeFly’s proprietary matching technology, borrowers have a greater probability of obtaining a small business 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 a strategic ally of the International Franchise Association, with the objective being to expand credit access within the franchise community (http://www.boefly.com/ifa.cfm), and is the choice of more than 125 brands, including Dunkin’ Donuts, Carl’s Jr., and Kiddie Academy.
Founded in 2010 by small business owners and small business lending experts, BoeFly’s marketplace has accommodated over $3.5 billion in transactions. For more information, visit http://www.boefly.com.