Starting a new business can be daunting, especially when it comes to securing financing. If you’ve never looked for business loans before, how do you know where to start? Suffice to say, the decisions you make when starting a business are some of the most important you’ll ever make.
First time franchisees Carrie and Scott Neigel, from Green Brook, New Jersey, were dealing with similar anxieties when they decided to sign on with Duck Donuts. Before entering the franchise industry, the Neigels worked in real estate and education. But because they were ready for something new, they began looking into franchise opportunities.
After considerable research, the couple had no doubt they wanted to pursue the path to becoming franchisees with Duck Donuts. “By becoming a Duck Donuts franchisee, we were finally realizing our dream of business ownership,” said Carrie.
Duck Donuts has a unique business model that sets them apart from other donut shops. The brand makes every donut fresh from the fryer and tops each individual item to meet customers’ personal orders. The customer experience becomes just as much about the fun of the show as it does the deliciousness of the pastry. The Neigels were hooked.
But the couple faced a challenge: they were apprehensive about the financing process, never having looked for business loans before. They were unsure where to start.
Duck Donuts directed the Neigels to BoeFly, a business financing marketplace helping small business owners and franchisees secure funding. "Financing is a critical component of business ownership, and we want to help every franchisee start the Duck Donuts journey with accessible and competitive financing,” said Russ A. DiGilio, Founder of Duck Donuts. “BoeFly is an important partner in helping our franchisees succeed.”
Following Duck Donuts’ suggestions, the Neigels were able to receive the guidance and support they needed by working with a BoeFly financing expert.
“I received terrific service from our BoeFly financing expert who made getting an SBA loan easy,” says Scott. “I would recommend BoeFly to anyone who needs business financing to reach their dream!"
With the support of Duck Donuts and guidance from BoeFly, the Neigels are now the proud owners of a Duck Donuts location in Green Brook, New Jersey.
“The BoeFly team is proud to have supported Carrie and Scott Neigel in securing the financing they needed to acquire a Duck Donuts franchise,” said Mike Rozman, CEO of BoeFly. “Duck Donuts is a fast-growing brand, and we are excited to continue supporting their national growth strategy.”