Guidant Financial And BoeFly Announce Joint Initiative To Increase Credit Access To Franchise Systems
BELLEVUE, Wash., Feb. 12, 2015 // PRNewswire // -- On the heels of its $350 million capital pledge to American small businesses, Guidant Financial today announced an exclusive partnership with BoeFly.com, an online marketplace for small business loans. The two companies will introduce Guidant's Funding Assurance™ program at the International Franchise Association's Annual Convention in Las Vegas next week.
Guidant Financial helps franchisees and entrepreneurs access capital – via rollovers as business start-ups (ROBS), SBA loans, unsecured loans and portfolio loans, among others – to help individuals acquire and initially grow businesses. Last week, the company announced a partnership with MultiFunding (press release), which adds financing solutions for recapitalizing existing businesses and accessing crisis capital. The BoeFly partnership further enhances the offering by adding exclusive benefits of its lending marketplace and unlimited use of its bQual™ business loan prequalification and financial education report for franchise systems and entrepreneurs who partner with Guidant. The two will also collaborate to create program relationships for growing franchise systems.
"We know that deploying $350 million in 2015 is ambitious. The Guidant Funding Assurance program – which we're launching in combination with BoeFly – will move us that much closer to this goal," said David Nilssen, CEO of Guidant Financial. "The Funding Assurance program will help franchisors expand their brands faster while adding efficiency and enhancing visibility across the funding process."
"BoeFly's expertise in helping streamline the loan transaction process for borrowers, franchisors, lenders and investors helps reduce the time, cost and frustration so often associated with small business lending," said Mike Rozman, co-president and chief strategy officer of BoeFly. "We are excited to add our capabilities with Guidant's in the Funding Assurance program. Combining our technology with their high-touch service will enable us to extend those benefits to even more franchisors and their franchisees."
To date, Guidant Financial has helped 10,000 entrepreneurs in all 50 states to deploy nearly $3 billion in funding to start or acquire a small business or franchise. Similarly, BoeFly has supported more than $4 billion in transaction volume on its online marketplace.
About Guidant Financial
Guidant Financial works with entrepreneurs to identify, evaluate and deploy intelligent business financing strategies. Their services include, but are not limited to, rollovers as business start-ups (ROBS), SBA loans, unsecured credit and portfolio loans. In 2015, Guidant pledged to deploy $350 million through small business and franchising. Visit Guidant on the web at guidantfinancial.com.
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, a personal consumer credit score and credit bureau report, and a detailed financing assessment of a borrowers fundability.
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. For more information, visit boefly.com.
SOURCE Guidant Financial