Camp Bow Wow Selects BoeFly to Assist Its Franchisees in Obtaining Bank Financing
Leading pet services franchisor to offer BoeFly's Concierge Team Services to its franchisees nationwide.
New York, NY, April 02, 2011 --(PR.com)-- BoeFly, the premier online marketplace connecting lenders with business borrowers, announced today that Camp Bow Wow, the nation's largest pet services company, has selected BoeFly to assist its franchisees in obtaining bank financing.
Nearly half (49.2%) of the respondents in a recent survey by the International Franchise Association (IFA) of its members identified "financing/access to credit" as the top issue of concern to franchise business leaders. In response to this concern, and bolstered by its success in helping many individual franchisees obtain financing, BoeFly created a portfolio of services for the franchisor market. Through BoeFly, they can offer their 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 that their loan package meets specific lending criteria, increasing franchise revenue by helping franchisees connect with the capital they need to open their businesses.
Camp Bow Wow is a premier doggy day and overnight care camp in North America that boasts an all-day play environment for its campers. The camp combines fun, safety and service for its campers. Currently there are over 100 locations across North America.
"Camp Bow Wow franchise owners give a great experience to our pet campers and we've turned to BoeFly so all of our franchisees can have a great experience in seeking financing," said Heidi Ganahl, founder and CEO of Camp Bow Wow. All current and future Camp Bow Wow franchisees will now have access to professional resources to help them complete their loan requests and a service that will match them with compatible lenders from among over 500 banks from around the country through the leading online business loan marketplace.
"Today even top franchisors face a significant challenge – converting otherwise qualified franchisee candidates into ongoing, paying customers because of the difficulty they have accessing capital," said David Nayor, President of BoeFly. "Franchise lending has been down by as much as 40% in the past two years due in part to the inefficiencies in the lending process that have been exposed by the financial crisis. BoeFly eliminates these inefficiencies by connecting franchisees with banks that are ready and willing to lend."
About Camp Bow Wow
Where a dog can be a dog®
In just 10 years, Camp Bow Wow, the premier doggy daycare and overnight camp, has grown to include over 100 Camps across North America, becoming a $50 million business. The company was recently ranked 394 out of 500 in Entrepreneur's Franchise 500 list for 2011and was the 447th fastest growing private company on the INC magazine 500 for 2009 list.
The Camp concept provides the highest levels of fun, safety and service for its campers, and peace of mind for their parents. Dogs romp together in an open-play environment and pricing is all-inclusive. New services include Bow Wow Behavior Buddies, an in-home dog training program, which launched in May 2010. Since the Boulder, Colorado-based Company started franchising in 2003, Camp Bow Wow has sold more than 275 franchises in 39 states, plus one in Canada, over 41% being women-owned. As Camp Bow Wow grows, our simple philosophy remains the same: It's all about the dogs.
BoeFly is the only online marketplace harnessing technology to dramatically simplify the execution of commercial transactions, including all loan origination and sales. BoeFly revolutionizes how deals get done by seamlessly connecting all parties, including lenders, borrowers, franchisors, investors, buyers and sellers to a potential transaction and facilitating the efficient completion of these transactions. For small business lenders, BoeFly also provides the ability to sell loans to investors freeing up liquidity for even more small business lending. BoeFly is a subscription service and does not charge any transaction fees.
Key to the success of BoeFly is the site's dynamic compatibility technology which matches parties based on a specific set of criteria. Also, to help BoeFly subscribers complete transactions, BoeFly offers access to service providers in a wide variety of professions from appraisers, to closing attorneys, to environmental consultants.
BoeFly was founded by small business lending experts with extensive banking and secondary market experience. The company is privately-held and is based in New York City. www.boefly.com. Franchisors seeking to grow revenue by increasing the number of successfully financed franchisees please visit www.boefly.com/franchisor.