Scale Smarter with BoeFly’s Financing Advantage
For multi-unit franchisees, one of the biggest hurdles to growth isn’t ambition – it’s financing. Traditional lenders often take a conservative approach, only approving funding for one location at a time. This step-by-step process slows expansion, ties up valuable time and resources, and creates inefficiencies for franchisees and franchisors trying to meet development targets. In a fast-moving market where speed and timing are everything, that model is outdated.
The challenge of traditional financing
Most lenders hesitate to finance multiple franchise units up front. They prefer to see an individual location generate stable cash flow before taking on additional risk. While this approach may make sense from a risk management perspective, it creates real barriers to multi-unit franchise growth.
Lending policies often focus on:
• Proof of performance: Lenders want to see tax returns and operational data from existing units.
• Collateral limitations: Many require substantial assets for each funded location.
• Risk exposure: Spreading financing across multiple units is seen as riskier without demonstrated success.
The impact? Franchisees delay growth, missing key market opportunities. And franchisors struggle to meet development goals and risk losing top-tier territories to competitors due to inadequate franchise development financing options.
BoeFly’s differentiator: financing for multi-unit growth
BoeFly, in collaboration with its parent company ConnectOne Bank, offers a better way forward. Rather than waiting for proof of performance from a first location, BoeFly structures multi-unit franchise financing around a franchisee’s full growth plan. This means qualified operators can secure franchise expansion funding commitments for multiple locations up front.
“In today’s franchise landscape, more than 80% of new franchisees commit to multi-unit agreements,” says Doug Cullinan, Senior Vice President, Conventional and SBA Franchise Lending at BoeFly. “The challenge often lies in securing financing that supports growth on a timeline aligned with the brand’s development schedule. With BoeFly committing financing for multiple units upfront, we help franchisees reduce the risk of slower-than-expected ramp-up at individual locations.”
Benefits of BoeFly’s multi-unit financing model
For franchisees:
• Accelerated growth: Open multiple locations faster and more strategically.
• Market advantage: Secure high-potential territories before competitors do.
• Long-term planning: Gain financial clarity and confidence to execute full development plans.
For franchisors:
• Stronger candidate pipeline: Attract more serious, growth-minded operators.
• Faster development: Hit growth milestones sooner and avoid delays tied to single-unit funding.
• Strategic alignment: Support operators whose franchise development financing matches your brand’s expansion goals.
Ready to seize larger opportunities?
Whether you’re a franchisee eager to scale or a franchisor looking for a more effective franchise expansion financing solution for your operators, BoeFly is here to help. Fill out the form below to learn how BoeFly’s multi-unit financing model can accelerate your development journey.
Legal Disclaimer: Loan offerings are subject to credit approval and may not be available to all applicants. Terms, conditions, and eligibility requirements apply.
