Experienced Accountant Uses Online Matchmaker BoeFly.com to Secure a Business Loan to Open a Liberty Tax Service Franchise

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BoeFly annouced today that it connected Liberty Tax Service franchisee with a lender for a start-up loan to open his tax preparation business.

With over 25 years of accounting experience, Robert Mattice was looking to grow his tax preparation business.

“As an Accountant, I knew that obtaining a small business loan is no easy task and that I would have to spend a great deal of time finding banks and lenders for my own loan request. However, at the recommendation of Liberty Tax franchise I used an online service called BoeFly.com. With the help of the professionals at BoeFly I was able to connect with nine lenders, of which several issued proposals. I ultimately selected the New York Business Development Corporation to fund my Liberty Tax franchise loan because they moved quickly and offered great rates and terms. The process could not have been easier.”

Robert and Karen Mattice, Liberty Tax Service Franchisees, secured a start-up loan to open their first Liberty Tax through a connection made through BoeFly to one of BoeFly’s 3,600 participating lenders. BoeFly was established to make business loans easy. BoeFly formed a strategic alliance with the International Franchise Association (IFA) to expand credit access within the franchise community.

The Mattice’s were connected with Andrew Linehan from New York Business Development Corporation (NYBDC) to secure the funding to open their Liberty Tax Service location in Liverpool, NY. "I'm thrilled to have met Robert and Karen Mattice, hardworking entrepreneurs, through BoeFly. NYBDC uses BoeFly to efficiently source loans. BoeFly is an important and easy way for our organization to identify credit worthy business borrowers. I look forward to financing more small business owners seeking financing through BoeFly in the future,” said Linehan.

Liberty Tax Service, selected BoeFly as the platform to assist its franchisees in obtaining bank financing. “BoeFly was created to make sure business owners like the Mattice’s who are looking to expand their business aren’t hindered by the lack of access to capital,” said Mike Rozman, Co-President of BoeFly.

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 more than 3,600 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 more than 3,600 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, 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 bringing 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., 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.

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Jessica Sarter
Boefly, LLC
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