Franchise Solutions Platform Helps Pet Supplies Plus Franchisees Navigate Funding
NEW YORK – May 15, 2023 – BoeFly, the leading financial technology company specializing in franchise solutions, announced today that Karthikeyan Patchamuthu and Indrani Karthikeyan, Pet Supplies Plus franchisees and husband and wife duo, have successfully secured funding through the BoeFly platform to open their first location in Sugarland, Texas.
“I am extremely excited to be a Pet Supplies Plus franchisee,” said Karthik. “BoeFly ensured getting my SBA loan was seamless, and they were there every step of the way for me. I highly recommend BoeFly to any Pet Supplies Plus franchisee.”
Founded in 1988, Pet Supplies Plus is on a mission to provide convenient and affordable access to high-quality pet products and services for pet owners. Today, the brand offers a wide variety of pet supplies, including specialized food, treats, toys, accessories, and health care for pets.
“We continue to be able to count on our partnership with BoeFly to help ensure that our new franchisee development process is streamlined and efficient, from the preliminary vetting stage all the way through successful financing outcomes such as was just achieved for Karthik and Indrani,” said Nick Russo, Chief Stores and Franchise Officer at Pet Supplies Plus.
“We know securing financing for any new business can be a challenge, which is why we are proud to be able to help franchise owners, like Karthik and Indrani, through the entire financing process,” said Mike Rozman, CEO and co-founder of BoeFly. “Access to capital is vital for growing brands like Pet Supplies Plus and we’re thrilled to support them and their franchisees. Our platform helps find the most competitive loan for our franchisee partners, and it’s a great privilege being able to play a role in watching entrepreneur’s dreams become a reality.”
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.