The application and documentation process was easy, online, and secure. BoeFly then connected me with six great banks. I received several offers and then quickly closed with a community bank who is also now handling my deposit accounts.
Noblesville, IN (PRWEB) May 27, 2014
BoeFly, the ground breaking platform that connects small business borrowers with lenders, announced today that John Dompier, Wings Etc. Franchisee, secured a start-up loan to open a Wings Etc. family-friendly Grill & Pub through a connection made by 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.
John Dompier is a retired U.S. Navy, Operations Specialist so quite literally he was trained in systems and order. As a natural next step in 1994 John entered the small business world and hasn’t looked back since. After climbing the ranks in the auto and collision industry from General Manager to CEO and President of Hubler Express Collision franchise, Dompier decided it was time for a new challenge. As an experienced franchise owner, Dompier was confident that entering a new industry, especially the restaurant industry would be more successful if he opened a franchise. Dompier decided the Wings Etc. Grill & Pub was a great fit, but first would need franchise financing.
“As a business owner I have been down the financing path many times in the past. Finding a lender and then filling out multiple loan applications was a full time job. However, this time at the recommendation of Wings Etc., I decided to use a service called BoeFly.com. The application and documentation process was easy, online, and secure. BoeFly then connected me with six great banks. I received several offers and then quickly closed with a community bank who is also now handling my deposit accounts.”
Increasingly, leading franchise brands like Wings Etc. are taking a more active role in supporting their franchisees with financing. “At Wings Etc., we know that our franchisees’ successfully getting financed means more families getting to enjoy our Award-Winning Jumbo Buffalo Wings, Wood-Smoked Babyback Ribs, Cold Beer, and great atmosphere. We are happy to be able to provide a Wings Etc. Finance Portal powered by BoeFly to make access to credit as seamless as possible,” said Robert Hensmann Chief Financial Officer at Wings Etc.
“BoeFly was created to make sure business owners like Wings Etc. franchisee, John Dompier, have the easiest possible access to financing. The more efficiently business owners can secure the financing they need, the more jobs get created. I applaud Wings Etc. for making BoeFly available to John, as it is clear evidence that they position their franchisees for success," said Michael Rozman, Co-President of BoeFly.
BoeFly makes it easier to obtain small business loans 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.
Before seeking a loan business borrowers can find out their fundability and may get prequalified for a business loan through bQual™. The bQual™ report will deliver a business borrower’s FICO SBSS Small Business Credit Score (used by lenders nationwide and required for SBA loans), a personal consumer credit score and credit bureau report, and a detailed financing assessment of a borrowers fundability.
Integrating the bQual™ scores into the loan seeking process on 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 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, 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 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.
About Wings Etc.
Founded in 1994 by Jim Weaver in the South Bend, Indiana area, Wings Etc. is a family-friendly Grill & Pub, with a diverse menu featuring our Award-Winning Jumbo Buffalo Wings, Ribs, Burgers, Sandwiches, Subs, Wraps, Flatbread, Salads, Kids Meals, Cold Beer and other drinks, great atmosphere, and that good-old-fashioned "vibe" that makes people want to come in and hang out.
As a sports-themed pub, we offer multiple, visible-from-everywhere flat-screen TVs, great sports packages on satellite television, and we always have our sets tuned to the best sports programming available. Wings Etc. has kid-friendly, arcade-quality video games, Daily Drink Specials, Daily Lunch Specials, Daily Food Specials and much more.
Wings Etc. now franchises its proven, full-service restaurant concept in multiple Midwestern states, and is currently seeking qualified franchise operators for select markets.
The advantages of the Wings Etc. franchise opportunity include low start-up costs, low break-even requirements, full preopening training and support, simple operations, negotiated volume discounts on food, equipment and supplies, ongoing operational support and national-quality marketing and advertising.
If you'd like to know more, click the link for the 'Send An Inquiry Form' page and one of our Franchise Development Team members will be in touch shortly!