New York, NY (PRWEB) March 05, 2014
BoeFly, the premier online marketplace connecting small business borrowers with lenders, today announced that Checkers Drive-In, the almost 800 unit quick service restaurant chain, has selected BoeFly’s ZeeQualTM solution to give its franchise candidates unrivaled insight into their financial wherewithal.
With the agreement, Checkers franchise candidates can access their bQualTM Report, which includes a statistically valid small business credit score, a consumer credit score, educational content explaining the scores, as well as insight into why they scored the way they did and how lenders typically view the score. bQualTM, with its patent pending technology, is exclusively available online at Bqual.BoeFly.com and can be securely accessed from iPads, tablets, smartphones and computers.
Each bQualTM Report delivered to Checkers franchisee candidates will contain loan prequalification offers from one or more of BoeFly’s 3600 participating lenders, or an indication as to financing likelihood. No lender will have access to the business owner’s identifiable information until the owner grants access, thereby preventing unwanted calls.
“One question I often hear from prospective candidates and existing franchisees alike is, “Can I get financing?” and now with BoeFly’s ZeeQualTM solution I can give them a tool to address their question head-on by giving them the same information relied upon by lenders and the Small Business Administration,” said Jennifer Durham, Checkers VP of Franchise Development. “I’ve been a long-time client of BoeFly and I believe their ZeeQualTM solution will meaningfully impact the franchise industry.”
BoeFly is able to offer bQualTM through a special relationship with FICO and Equifax. FICO, a leading predictive analytics and decision management software company, provides the FICO LiquidCredit® Small Business Scoring ServiceSM (SBSSsm), a web-based instant credit solution, as part of bQual. Equifax, a leading credit bureau, provides the technology to authenticate every bQual user and is the exclusive provider of consumer and business credit bureau data to bQualTM. Beyond these important data and scoring partners, BoeFly leverages other key data including its own proprietary database of lender preferences from more than 3600 lenders to produce the bQualTM Report.
“The entire BoeFly team is thrilled that Checkers, a leading franchise brand, has selected ZeeQualTM to support their franchise candidates,” said Mike Rozman, co-president of BoeFly. “We strongly expect that the early ZeeQualTM adopters like Checkers will achieve a strong competitive advantage over rival brands.”
Franchise brands can learn more about ZeeQualTM at http://www.ZeeQual.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 Chekers.
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.
FICO and LiquidCredit, Small Business Scoring Service and SBSS are service marks, trademarks or registered trademarks of Fair Isaac Corporation in the United States and in other countries.