Franchising Solutions Platform Supports First-Time Franchisee With Financing
NEW YORK – March 25, 2022 – BoeFly, the leading financial technology company specializing in franchise solutions, announced today that first-time franchisee, Sam Cleavenger, has successfully secured funding through the platform to open his first Jeremiah’s Italian Ice Franchising.
As a former employee of Jeremiah’s for over seven years, Cleavenger fell in love with the brand and someday hoped to own his very own location. Now, with the help of BoeFly, Cleavenger has secured financing to open his first franchise in Houston, Texas, and fulfill his life-long dream of becoming a business owner.
“Having been an employee of Jeremiah’s for seven years and, seeing how well the brand does, I’ve always had a plan to be an owner,” said Sam Cleavenger. “I knew financing was going to be a make or break item which is why I appreciate BoeFly’s help in matching me with a lender who funded my project. BoeFly was a trusted resource and I’d recommend any Jeremiah’s franchisee who needs financing rely on them.”
“BoeFly has quickly become an integral partner in our development cycle,” said Bryon Stephens, Co-Chief Development Officer at Jeremiah’s Italian Ice Franchising. “Beyond completing required bVerify diligence reports on all of our franchise candidates, they also offer a streamlined financing support service that many of our franchisees have found valuable. We are particularly pleased with the successful outcome they helped facilitate for Sam given he has been part of the Jeremiah’s family for many years prior to stepping into franchise ownership himself.”
Jeremiah’s has awarded 225+ franchise units across more than 90 franchise groups since its launch in 2019. Looking ahead, the brand is projecting an additional 45 units to open by year’s end while continuing to expand its presence into new markets.
“The great thing about franchising is that any franchise candidate has the opportunity to pursue business ownership with a brand they’re aligned to while accessing a well-established and proven gameplan,” said Mike Rozman, CEO and co-founder of BoeFly. “BoeFly aims to be a pillar of that support, providing financing options to first-time franchisees and multi-unit operators alike. It is always rewarding to witness a franchise candidate like Sam grow with an incredible brand and achieve their goals in business ownership with the help of our platform.”
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.