NEW YORK – August 31, 2023 – BoeFly, the leading financial technology company specializing in franchise solutions, announced today that Falguni Patel, a Wayback Burgers franchisee, has successfully secured funding through the BoeFly platform to expand the franchise in Allen, Texas.
With BoeFly’s assistance, I was able to secure the necessary financing to open my Wayback Burgers franchise,” said Patel. “Being occupied with managing the other aspects of starting the business, I didn’t have the time to search for a lender that would cater to my specific requirements. BoeFly took care of the lender search process and connected me with a lender who was able to provide the funds I needed. I strongly suggest partnering with the team at BoeFly.”
“For years now BoeFly has been a steady and reliable partner in our franchise development efforts, and we are pleased, but not surprised, to learn that Falguni had a great experience working with them,” said Bill Chemero, Chief Development Officer of Wayback Burgers.
Founded in 1991 in Newark, Delaware, Wayback Burgers is a fast-casual franchise with a reputation for made-to-order burgers and thick, hand-dipped milkshakes, served in an environment that hearkens back to a simpler place and time. Wayback Burgers currently operates in 35 states with over 170 locations worldwide.
“We’ve appreciated supporting Wayback Burgers over the years, but it’s especially gratifying to be able to work directly with their franchisee partners to secure funding for a new location,” said Mike Rozman, CEO and co-founder of BoeFly. “The BoeFly team is excited to see Falguni follow his dreams and expand the Wayback Burgers franchise in Texas.”
For more information on BoeFly or to learn more about how the company’s extensive suite of services could support your business, visit www.boefly.com.
Founded in 2009, BoeFly is a leading financial technology company that continues to deliver innovative online tools and solutions to accelerate business forward. Led by a team of franchising and finance industry experts, BoeFly specializes in identifying gaps in the marketplace and creating customized solutions to meet changing needs. The company has developed a proprietary Franchise Sales and Finance System to meet the core needs of franchise brands and small businesses throughout the entire process, from vetting franchise candidates to matching them with lenders who can move fast. Through its data-driven system and robust online marketplace, BoeFly is able to connect borrowers to a wide array of banks and specialty finance companies, which has accommodated over $7 billion in transactions and supported more than 600 unique franchise brands. BoeFly’s pioneering technology and products have allowed the company to offer flexible options and serve businesses at all stages of development, from established brands with thousands of locations to emerging franchisors and startups. For more information, visit www.boefly.com.