Seasoned multi-unit franchisees acquire existing location in first of many planned units
NEW YORK – March 28, 2019 – BoeFly, the premier marketplace for small business borrowers and lenders which has supported franchisees from more than 600 unique brands, announced that Ryan Debin and Mark Murphy, Launch Trampoline Park franchisees, secured an SBA franchise loan through BoeFly to acquire an existing location.
Ryan, who already owns eight My Gym franchises, recently signed a five unit deal with Launch to expand his portfolio. Launch Trampoline Park introduced Ryan to BoeFly to facilitate financing. “I had a ton on my plate between my existing businesses and planning my new locations so I was thrilled that the franchisor introduced us to BoeFly,” Ryan said. “I’m actually a former lender so I know that the loan process can be terribly time consuming. By working with BoeFly I was able to focus on other pressing matters.”
“We rely on BoeFly to vet all new franchisees,” said Brad Artery, COO of Launch Trampoline Park. “BoeFly provides us, the franchisor, the data we need to have a full picture of our new franchise partners – liquidity, net worth, credit score and a background check. BoeFly saves us time, but far more importantly, BoeFly leverages that information to accelerate financing for our franchisees. BoeFly is a trusted partner and important for Launch’s future growth.”
Ryan secured an SBA loan from an SBA preferred lender found through BoeFly. “My dedicated BoeFly representative worked to position me to engage with the right lender which quickly resulted in a competitive financing offer that I could use to complete my planning. By delivering the lender a bank-ready financing request, BoeFly also helped speed up the loan closing. “I’d recommend BoeFly to any business owner in need of financing,” shared Ryan.
“The BoeFly Team is pleased to help fast growing franchise brands like Launch Trampoline Park and business owners like Ryan,” said BoeFly’s CEO Mike Rozman. “We take pride in supporting both new and proven franchisees like Ryan and Mark achieve their business goals.”
BoeFly helps prospective and existing small business owners secure fast, efficient and competitive financing through its online matching platform, which connects borrowers with the right lenders from an array of participating banks and specialty finance companies. Lenders benefit by being presented with only those loan requests that fit their lending profile, dramatically lowering their time and cost of origination.
BoeFly’s Franchise Sales & Financing System, centered on BoeFly’s patented solution, bQual™, has proven to increase a brand’s lead to sales conversion rate. BoeFly is the leader in franchise lending solutions, having supported franchisees from more than 600 unique franchise brands including Launch Trampoline Park, BrightStar Care, Meineke and Checkers.
Founded in 2010 by small business owners and small business lending experts, BoeFly’s marketplace has accommodated over $6 billion in transactions. For more information, visit www.boefly.com.