The Learning Experience® Eases Financial Burden of Franchisees Through Unique Partnership with Boefly
National Early Learning Academy And Premier Online Lending Portal Helps Franchisees Secure Loans
May 21, 2013 // Franchising.com // Boca Raton, FL - The Learning Experience® (TLE®), the country’s fastest growing early learning academy for children 6 weeks to 6 years old, today announced that it has partnered with BoeFly, the premier online portal connecting franchisees with lenders.
“During the country’s recent economic tumult, we took the unprecedented position to continue to invest in infrastructure and human capital necessary to grow our brand,” said Richard Weissman, President & CEO of TLE®. “We have no plans to slow down our amazing growth and currently have 120 early learning centers operating in seventeen states. Since 2008, the company has grown system-wide sales to 276% and now has 188 total units including sites under various stages of development.”
“TLE® considers its success to be only as good as the success of TLE® franchisees. This is the mindset that led to the decision to subscribe with BoeFly. Partnering with BoeFly is a natural extension of our commitment to ensuring the franchisees’ long-term success,” said Kevin Holbrook, CFO of TLE®. “Small businesses need access to capital, whether it’s the initial SBA loan to get started or working capital to fund daily operations or capital expenditures. BoeFly has streamlined the process not only for franchisees but for TLE® also. We now have insight into the lending process allowing us to assist franchisees to ensure they get the best terms available in the market place.”
To date, several TLE® franchisees have had positive experiences using BoeFly’s services, including Meeta Kalawadia who owns a center in Woodbridge, New Jersey. “When I initially started the lending research process, I worked directly with a national bank for a traditional SBA loan which took several weeks. It was not at all an easy process,” said Kalawadia. “Corporate advised me to try BoeFly’s services before signing a commitment letter, so I submitted my application. Within 10 days I had interests from 12 lenders including PNC, Chase, and Sovereign, who were all willing to send local branch lending representatives – knowledgeable of the local market – to meet me in person. Within a few weeks, I had a commitment from one of the largest national lenders for a loan and interest rate I was pleased with.”
Using BoeFly’s exclusive “SmartForm” technology, borrowers build a complete decision-ready loan request online. Its matching technology identifies compatible lenders and borrowers then have complete control over which lenders can instantly access their loan request. 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.
“Our system was designed with small business owners in mind which resulted in one of the fastest, most convenient resources to help franchisees get connected with the right lenders,” said Mike Rozman, Co-President and Chief Strategy Officer of BoeFly. “We are pleased to work with a company like The Learning Experience committed to assisting franchisees in successfully starting up and operating quality child learning centers.”
With 188 locations nationwide, including 120 fully operational centers in 17 states and the remaining 68 under various stages of development, TLE® is the nation's fastest growing preschool. TLE® founders were responsible for the success and ultimate sale of TutorTime. The keen understanding of how business, real estate, and proprietary education interact sets them apart when dealing with franchisees.
BoeFly is a strategic ally of the International Franchise Association to expand credit access for franchisees and offers a Franchise Solution bringing benefits to the large and growing franchisee community.
For more information about TLE® programs or franchise opportunities, please visit www.thelearningexperience.com.
About The Learning Experience®
The Learning Experience® (TLE®) is the nation’s fastest growing early learning academy for children ages six months to six years old. With a greater national emphasis on educational development during the most crucial years of a child's growth, a prominent focus has been placed in programs that advance the scholastic preparation. TLE® prepares children academically and socially via innovative scholastic and enrichment programs such as L.E.A.P® curriculum, a cutting-edge proprietary approach to learning which has 90 percent of TLE® children graduating preschool reading at a Kindergarten or greater level. To complement the academic portion, various enrichment programs crucial to advancing learning and overall balance will be discussed and demonstrated, such as philanthropy, baby yoga, music, physical fitness, manners and etiquette, and Spanish language.
BoeFly (http://www.boefly.com) 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 2,400 participating banks, based on the lending profiles provided by the banks and the information provided in the borrower’s loan request.
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., Express Personnel and The Learning Experience, 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.
SOURCE The Learning Experience®