STRATEGIC PARTNERS
January 29, 2014
BoeFly, an online marketplace connecting small business borrowers with lenders, recently announced that Dickey's Barbecue Restaurants Inc., has selected it to assist franchisees in obtaining bank financing, according to a company press release.
In an International Franchise Association survey of its members, nearly half (49.2 percent) identified "financing/access to credit" as the top issue of concern for franchise business leaders. In response to this, BoeFly offers a portfolio of services for the franchisor market. Through BoeFly, brands can offer 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, according to the release. BoeFly uses proprietary matching technology to connect franchisees with lenders.
"Dickey's Barbecue has a proven concept with exceptional offerings — our explosive growth over the last two years shows we are on the right track as a brand and there is no stopping our growth potential," said Roland Dickey Jr., president and CEO of Dickey's Barbecue Restaurants Inc. "To keep up with our exceptional growth, we're excited to offer BoeFly to support our owner/operators."
Dickey's Barbecue Restaurants Inc. was founded in 1941, in Dallas and now has 368 restaurants.
"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, co-president of BoeFly.
Read more about franchising.
