Franchise ownership is an excellent fit for small business entrepreneurs who want the freedom to own their business while enjoying the support of a franchise family and an established brand. Financing a franchise purchase can feel overwhelming — that’s why it’s critical to partner with experts who can help demystify the franchise loan process and get your franchise journey off to a good start.
Get industry experience and insight from a trusted ally
While interest rates have climbed in recent years, there are still loans with attractive terms and lenders ready to do business. That’s where BoeFly comes in. We have more than 12 years of franchise-focused experience, and our specialists can help guide you through the ins and outs of the different types of franchise loans so you can find financing that fits your situation.
In the franchise loan market, one size doesn’t fit all
From collateral and repayment terms to the differences between conventional and small business administration loans (SBA), the process of how to get a franchise loan may seem daunting. Whether you’re a first-time franchise owner or an established multi-unit owner who wants to expand, BoeFly can help you navigate the process and match you with the right lender and type of franchise loan. We understand the influences and factors that affect small business and franchise lenders. Our robust market intelligence gives you unique visibility into terms for other transactions, so you’re confident that the financing package you choose is competitive.
Our funding specialists understand the minutia of franchise loan requirements and lender affinity for specific brands, sectors, projects, and markets. Our invaluable industry knowledge and personalized support and guidance can streamline your loan process so you can get up and running sooner.
“As a Wetzel’s Pretzels franchisee, I am pleased to share that BoeFly played a crucial role in facilitating the process of obtaining my SBA loan,” said Marlene Garcia. “Their unwavering support and guidance throughout the journey were invaluable.” Marlene recommends BoeFly to anyone seeking funding for a franchise venture, and you can read more about her success story here.
Re-Bath franchise owner Lisa Dorman agrees. “I am delighted to express my sincere appreciation to BoeFly for their invaluable assistance in launching my journey as a Re-Bath franchisee. Their expert guidance has been instrumental in navigating the complex SBA process and connecting me with the right lender,” Read more about Lisa here.
Prequalification jumpstarts your journey
Becoming pre-qualified for a loan using our innovative verification tool gives you a leg up in the process. Once you’re qualified, you can be confident about taking the next step of connecting with a BoeFly finance specialist. Your dedicated specialist can walk you through your options and reach out to the right lender for you. Here’s a quick overview of the franchise loan process:
- Complete background information about your business and financial history.
- Get pre-approved by a lender or bank with terms that meet your needs
- Secure your funding and work with your franchisor to get your business up and running.
Our unique business connections deliver ongoing support
Our relationship with our customers continues after helping you understand how to get a franchise loan. Our network of partners throughout the franchise industry gives you valuable access to other services to help your franchise succeed as you become established in your market. From bookkeeping and accounting to new employee screening services, we can connect you with everything you need to manage and grow a thriving franchise.
How can BoeFly help?
From understanding the nuances of current market conditions to helpful insight about how to expand your franchise portfolio, BoeFly is in your corner every step of the way as you build a successful future in the franchise
If you’re thinking about becoming a franchise owner, don’t wait to connect with our team of specialists. Successfully securing the right type of franchise loan can set you up for long-term success. To get started, click here: BoeFly.com/contact/.
