iCream Café Franchisee Secures Business Start-Up Loan to Open in the Shops at Starwood
in Frisco, T.X.
BoeFly connects Frisco, T.X. borrowers with lender for a business start-up loan to open an ice cream shop
New York, NY – BoeFly, the premier online marketplace connecting small business borrowers with lenders and a strategic ally of the International Franchise Association (IFA) to expand credit access within the franchise community, announced today that Heidi and Tom Ackerman, husband-and-wife franchisees of a soon-to-be-opened iCream Café in Frisco, T.X., secured a business start-up loan through a connection made by BoeFly.
The Ackermans both have previous experience in the foodservice and management industry. Heidi was a general manager at Subway for over 11 years as well as an employee of the Frisco Independent School Districts Child Nutrition Department. Tom is a 22-year veteran of Frito Lay and will continue to work for the company while managing iCream on the weekends.
“When Tom and I were first looking for a loan, we wanted the process to be as easy and efficient as possible, and BoeFly was an essential tool that helped us link with a bank and secure the funding we needed to open our café,” said Heidi Ackerman. “Now that we have our financing, we look forward to bringing the next generation of ice cream shop to the areas residents.”
Once the Ackermans submitted their loan request, BoeFly was able to match their request with several compatible lenders. They ultimately chose to work with Carol Atkinson, a business banking relationship manager at First National Bank Southwest in the Dallas area.
“BoeFly is a very impressive platform for connecting loans to capable businesspeople such as the Ackermans,” Atkinson said. “The financing request was comprehensive, which was imperative to finalizing the deal.”
The Ackermans used BoeFly at the recommendation of The Briard Group, who owns Cups Frozen Yogurt, which has selected the platform to assist its franchisees in obtaining bank financing.
“The Briard Group is dedicated to guaranteeing that involved franchisees like the Calandriellos’ have the requisite capabilities they need to operate successful stores, and we recognize that financing is an essential component,” said Ed Yancey, director of franchise development at The Briard Group. “BoeFly has clearly proven its productivity in helping the Calandriellos acquire the funds they needed to start their franchise, and we will continue to promote this as a useful resource.”
“It is great to work with a franchise system like The Briard Group that supports franchises throughout the process from the ground up,” said Mike Rozman, co-president of BoeFly. “The Briard Group pointed the Calandriellos to BoeFly, where they were guided through building a bank-ready financing request, which was matched by Sovereign Bank. We look forward to our continued work with The Briard Group in helping to support its franchisees.”
About BoeFly
BoeFly makes it easier to obtain small business loans (http://www.boefly.com/) by reducing the time, cost, complexity, inefficiency and frustration associated with small business lending. Its online proprietary matching technology connects small business borrowers with multiple lenders from among its more than 2,200 participating banks, based on the lending profiles provided by the banks and the information provided in the borrower’s loan request.
Borrowers build a complete decision-ready loan request online using BoeFly’s exclusive “SmartForm” technology which, when completed, provides the information that more than 2,200 lenders nationwide indicated to BoeFly they want to see before moving forward with a loan request. The SmartForm is easy to use and guides borrowers through the process. Once BoeFly’s matching technology identifies compatible lenders, borrowers then have complete control over which lenders can instantly access their loan request. Using BoeFly, borrowers can connect with multiple lenders quickly and easily, providing a greater probability of obtaining a loan, as well as more favorable loan terms resulting from the creation of a competitive marketplace. Lenders benefit by being presented with only those loan requests that fit their lending profile, dramatically lowering their cost and time of origination. BoeFly is not a broker. Borrowers pay a small one-time fee and lenders pay an ongoing subscription fee; BoeFly never charges transaction or referral fees.
BoeFly, now a strategic ally of the International Franchise Association to expand credit access within the franchise community (http://www.boefly.com/ifa.cfm), offers a Franchise Solution bringing these benefits to the large and growing small business franchisee community and is the choice of more than 125 brands, including Dunkin’ Donuts, Carl’s Jr., Express Personnel and Kiddie Academy, among many others.
BoeFly’s Affiliate Solution is the financing exchange chosen by the Association of Small Business Development Centers, representing approximately 1,000 centers nationwide, which are funded in part by the U.S. Small Business Administration, to serve small businesses, and Franchise Gator, the leading site for information on franchise opportunities.
BoeFly was founded by small business owners and small business lending experts with extensive small business lending experience. The company is privately-held and is based in New York City. http://www.boefly.com.
About iCream Café
iCream is an LLC franchise with an innovative new concept that delivers a unique experience of food and fun for guests offering hundreds of different flavor combinations every day. We use a state of the art liquid nitrogen machine to freeze every ice cream, yogurt and sorbet from scratch. iCreams’ mission is to bring the tastiest and healthiest desserts to Frisco and surrounding communities, offering a variety of fresh ingredients and delivering high standards of quality and freshness.
Media inquiries:
Bill Fallon/ Keating Co. /212.925.6900/ bfallon@keatingco.co