BoeFly Assists SONIC Multi-Unit Franchisee with Debt Refinancing

Sonic Franchise Storefront

Franchising Solutions Platform Helps Jack Litman To Secure Conventional Loan

NEW YORK – August 4, 2021 – BoeFly, the leading financial technology company specializing in franchise solutions, announced today that experienced multi-unit operator, Jack Litman, has successfully secured a conventional loan for refinancing on the company’s platform. Leveraging the loan secured, Litman refinanced the existing debt on his seven SONIC locations across Pennsylvania and New Jersey.

“BoeFly was a great help in delivering competitive financing for our SONIC restaurants,” said Litman. “The refinancing process through the platform was simple, easy, and fast. I would recommend BoeFly to any franchisees looking for financing to boost their development pipeline.”

“As we continue to see record loan interest rates, businesses are refinancing their existing debt to reduce their interest expense,” said Mike Rozman, CEO, and co-founder of BoeFly. “Our team has over a decade of experience helping franchisees at all stages of business and we have access to a proven network of lenders who can deliver competitive loans with an efficient process. We’re proud to make financing as streamlined as possible for customers, like Jack, who are looking to grow their footprint with a brand they’ve established over the years.”

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.

About BoeFly

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.

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