BoeFly, LLC

Category: Content
Type: Blog Article

Generated 1 month ago

New blog articles detected

  • FAQ about the new SBA rule change impacting franchising

    As of 2017, an SBA lending rule change has been put in place for SBA franchise loans. All franchisors must sign an addendum with the franchise borrower in order for the borrower to secure an SBA loan for the franchise. This addendum supersedes the franchise agreement. Franchisors are no longer required to be on the franchise registry. Read this FAQ to learn more. The post FAQ about the new SBA ...

  • Franchise Times – Understanding The New SBA Rule Change For Franchise Lending

    An excerpt of an article by Mary Jo Larson of the Franchise Times. All the gnashing of teeth over the SBA Registry rule change may be for naught, since the four points the SBA has pulled out into an addendum are best practices most franchisors are already doing. Or so said a panel of franchisors and lenders that discussed the ... Read More The post Franchise Times – Understanding The New SBA Rule ...

  • Webinar: Important SBA Rule Change Impacting Franchisors, SBA Lenders

    On Nov. 22, 2016 the SBA issued a rule change that will impact all franchise brands who want their franchisees to have access to SBA financing. BoeFly has assembled at panel of legal, banking and franchise experts to share their perspective on this major change in the recorded webinar below. Target audience: Franchisor management Panelists: Nancy Broudo, SVP, BoeFly Jeff ... Read More The post Web...

  • The Path of an SBA Rule Change

    The franchisor and franchisee sign a two-page form that lives as an addendum to the franchise agreement. The form confirms that the franchisor doesn’t exert undue control on four areas: change of ownership, forced sale of assets, covenants and franchisee hiring. The new addendum specifically states that it (the addendum itself) overrides any conflicts that may exist with the franchise agreement...

  • Franchisors Limit Risks with BoeFly’s Asset Verification

    Opening a franchise, like any business venture, comes with a handful of risks—especially on the end of the franchisor. Franchisees could fail to open their unit, have too little working capital to be profitable and successful, or even become future litigants, having been subjected to the aforementioned.  One way that franchisors can minimize these risks is by verifying assets, or ... Read More The...

BoeFly, LLC

Category: Content
Type: Blog Article

Generated 5 months ago

New blog articles detected

  • Palmetto Twist Franchisees Secure SBA Loan With BoeFly

    Matt and Haley LaMarche are not newcomers to the corporate world. The couple spent years working their way up the corporate ladder—Matt as an executive at one of the nation’s largest insurance companies, and Haley as an early childhood educator. And while they were happy with their success, they always wanted the chance to run their own business. It was ... Read More The post Palmetto Twist Franch...

BoeFly, LLC

Category: Content
Type: Blog Article

Generated 6 months ago

New blog articles detected

  • How Tier 2 and 3 Franchisees Are Funding Growth

    Last year, Karen Mills, former head of the Small Business Administration, heaped praise in the Harvard Business Review on a group of entrepreneurs she claimed were vital to America’s middle-class. Surprisingly, it wasn’t the bright people who’ve brought us Pandora, Uber and DoorDash. It was instead the folks who operate the roughly four million local enterprises that handle our daily ... Read More...

  • BoeFly Helps Veteran Secure Loan for Wayback Burgers

    When Navy veteran Darrell Gobble decided to open his own business, he was immediately drawn to the world of franchising and the option of joining an established brand with a built in support system for new franchisees. It was this notion that initially led him to UPS Store—his first business venture in the franchise world. After successfully opening and running ... Read More The post BoeFly Helps ...

BoeFly, LLC

Category: Content
Type: Blog Article

Generated 7 months ago

BoeFly, LLC

Category: Conversion
Type: Landing Page

Generated 7 months ago

BoeFly, LLC

Category: Content
Type: Blog Article

Generated 7 months ago

New blog posts detected

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