First-Time Franchise Owner Uses Online Matchmaker BoeFly.com to Secure a Business Loan to Open a Baskin-Robbins Shop in Euless, TX
Euless, TX (PRWEB) January 31, 2014 -- BoeFly, the ground breaking platform that connects small business borrowers with lenders, announced today that Muhammad Ahsan, Baskin-Robbins Franchisee, secured a start-up loan to open a Baskin-Robbins shop 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. Muhammad Ahsan comes from a family steeped in small business owners. Since age 16, Ahsan has been helping operate and manage his family business, learning the ins and outs of what it takes to be a successful business owner from his father, who is his mentor. With management experience under his belt, Ahsan decided it was time to become a business owner himself and saw the family-friendly environment of Baskin-Robbins as a perfect fit for the type of small business he wanted to own. Ahsan, a budding entrepreneur, knew that getting financing would be the key to reaching his lifelong goal of owning and operating a Baskin-Robbins restaurant.
“I have very strong operating and management experience, but I knew securing a loan for my first business could be difficult. Luckily, I was directed to BoeFly, which simplifies the loan seeking process and makes the process more efficient. BoeFly introduced me to my lender, Eleina Leon, from AccessBank, and now I am on my way to becoming a business owner. I will be sure to use BoeFly every time I need financing,” said Muhammad Ahsan.
When Muhammad Ahsan submitted his loan request to BoeFly, he received several funding offers from lenders. He ultimately chose to work with Eleina Leon, VP/Business Development SBA from AccessBank in Denton, TX. Eleina Leon said, "I'm thrilled to have met Muhammad Ahsan, a driven entrepreneur with a huge career in front of him, through BoeFly. My bank is looking to grow and I used BoeFly to efficiently make an SBA loan to a borrower I wouldn't have found otherwise. BoeFly is an important and easy way for my bank to find business borrowers. I look forward to financing more small business owners I find on BoeFly in the future.”
“BoeFly was created to make sure business owners like Baskin-Robbins franchisee, Muhammad Ahsan, 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 Dunkin' Brands for making BoeFly available to Muhammad, as it is clear evidence that they position their franchisees for success. I also congratulate Eleina from AccessBank who, by relying on BoeFly to make more business loans, has efficiently grown his bank's loan portfolio," said Michael Rozman, Co-President of BoeFly. Currently, Baskin-Robbins, part of Dunkin’ Brands, has more than 7,100 retail shops in nearly 50 countries and is growing worldwide. As Baskin-Robbins continues to grow, access to capital for its franchisees is critical.
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.
About Baskin-Robbins ®
Named the top ice cream and frozen dessert franchise in the United States by Entrepreneur magazine’s 31st annual Franchise 500® ranking, Baskin-Robbins is the world’s largest chain of ice cream specialty shops. Baskin-Robbins creates and markets innovative, premium hard scoop ice cream and soft serve, custom ice cream cakes and a full range of beverages, providing quality and value to consumers at more than 7,100 retail shops in nearly 50 countries. Baskin-Robbins was founded in 1945 by two ice cream enthusiasts whose passion led to the creation of more than 1,000 ice cream flavors and a wide variety of delicious treats. In 2012, more than 13 million ice cream cakes were sold in Baskin-Robbins shops worldwide. For the full-year 2012, Baskin-Robbins' shops had global franchisee-reported sales of approximately $1.9 billion. Headquartered in Canton, Mass., Baskin-Robbins is part of the Dunkin' Brands Group, Inc.family of companies. For further information, visit http://www.BaskinRobbins.com.
Jessica Sarter, Boefly, LLC, http://www.BoeFly.com, +1 (646) 755-7433, [email protected]
Share this article