BoeFly helps prospective and existing small business owners secure fast, efficient and competitive financing through its on-line matching platform, which connects borrowers with lenders from among its more than 5,000 participating banks and specialty finance companies. 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 the leading franchise lending solution, having supported franchisees from more than 395 unique franchise brands since 2014, including Carl’s Jr., Meineke, Jamba Juice and Kiddie Academy.
Small Business Financing
Founded in 2010 by small business owners and small business lending experts, BoeFly’s marketplace has accommodated over $4.5 billion in transactions. For more information, visit www.boefly.com.
Cottman Transmission and Total Auto Care recently partnered with BoeFly, the online marketplace for small business loans, to offer its franchisees nationwide quick and simple access to financing. Most specifically, BoeFly is a new option for new and existing Cottman franchisees to efficiently and effectively secure bank financing for Cottman Transmission and Total Auto Care locations.
When surveyed, nearly half (49.2%) of members of the International Franchise Association (IFA) recognized “financing/access to credit” as the primary obstacle for potential small business owners. BoeFly provides these owners with a platform to post a single loan request to its network of over 5,000 lenders and then efficiently matches them using its proprietary matching technology.
Cottman Transmission and Total Auto Care represents a high-quality auto service and repair company with locations in the U.S. and Canada. Cottman’s need for quality franchisees stems from the company’s dedication to delivering quality service, parts, and warranties to customers. By providing franchisees with BoeFly’s Full Service Plan, Cottman Transmission and Total Auto Care accelerates and simplifies the financing process.
“Great franchise brands recognize that it is critical to support their franchisees in all business aspects, and financing is a headline issue,” said Mike Rozman, CEO of BoeFly. “BoeFly eliminates the systematic inefficiencies that borrowers face in securing financing by positioning the franchisee to build a complete financing request securely online and then connecting franchisees with banks that are willing to lend. The entire BoeFly team is very pleased to be working with Cottman Transmission and Total Auto Care.”
BoeFly’s loan experts will assist them in creating complete bank-ready financing requests and with a single post on BoeFly’s internet-based loan exchange will provide them with immediate access to banks and non-bank financing institutions interested in lending to Cottman owners.
“Customers trust Cottman Transmission and Total Auto Care because we deliver the highest quality auto repairs and services. Similarly, we want our franchisees to be able to use the powerful financing option that BoeFly provides,“ said Randy Wright, President of Cottman Transmission and Total Auto Care. “We are pleased that BoeFly is included as an option for our franchisees who may be in need of financing.”
About Cottman Transmission and Total Auto Care
Cottman Transmission and Total Auto Care began repairing transmissions in 1962. For over 50 years Cottman has been there for the motoring public. In the early 2000’s, Cottman moved into Total Auto Care to complement our transmission service expertise. Today more than 50% of Cottman’s business is B2B, servicing fleets, governmental vehicles and extended warranty companies. Cottman centers span coast to coast with centers in 22 states. Our technical department supports even the most difficult field issues of today’s complex vehicles.
Cottman has a centralized National Accounts Department located in our corporate office in Horsham, PA. Cottman prides itself with a Single Point of Contact (S.P.O.C.) process to handle all National Account inquires with a single email, call or fax. For more information about Cottman Transmission and Total Auto Care please visit www.cottman.com. For more information about franchising opportunities in particular, please visit http://www.cottman.com/franchise-opportunities.
BoeFly is the industry’s only on-line matching platform connecting small business borrowers with multiple lenders from among its more than 5,000 participating banks and specialty finance companies. By using BoeFly’s proprietary matching technology, borrowers have a greater probability of obtaining a small business loan with favorable rates and terms. 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 a strategic ally of the International Franchise Association, with the objective being to expand credit access within the franchise community, and is the choice of more than 125 brands, including Dunkin’ Donuts, Carl’s Jr., and Kiddie Academy.
Founded in 2010 by small business owners and small business lending experts, BoeFly’s marketplace has accommodated over $4.2 billion in transactions. For more information, visit www.boefly.com.