As the director of infrastructure services for a large pharmaceutical company, Samuel Lee built his career on making business processes more efficient.
When Lee decided to open a Bowl of Heaven location in Santa Clara, California, he brought that same mindset with him—before opening the doors to his new franchise, his goal was to streamline his financing search as much as possible. Lee realized he had two options: he could pursue a small business loan in the old and inefficient way of going from bank to bank, having his credit repeatedly pulled and risk the chance of being turned down. Or, he could turn to BoeFly, an online marketplace for small business lending. Impressed by the ease of use BoeFly offered for an otherwise complicated task, Lee decided to work with one of their dedicated experts, who ultimately helped him take the guesswork out of the process. Soon, he was matched with a lender that met his unique financing needs.
“I was very concerned that financing would be a long and difficult process, so instead I turned to BoeFly,” said Lee. “I couldn’t have been happier with the support that I received throughout the process and with the loan I took on to launch my business.”
Bowl of Heaven is a health food franchise that specializes in fresh Acai bowls—a nutritious meal made with both fresh and frozen fruits, super fruits and toppings like organic granola and honey. According to Bowl of Heaven CEO Dan McCormick, their specialty bowls are considered the future of delicious, fast-casual meal replacements, and he’s excited that BoeFly has assisted Lee in introducing this concept to residents of Santa Clara.
“BoeFly has shown itself to be a valuable financing resource for our new franchisees,” McCormick said. “In the case of franchisee prospects who need a start-up loan but don’t have the time to shop around at numerous banks, BoeFly is a great option because it allows them to access liquidity all over the country with a single loan request.”
BoeFly has helped put small business owners in control of their future. Their step-by-step process has helped hundreds of prospective franchisees complete full, bank-ready loan packages with ease and then matched them to the more than 5,000 qualified lenders in the BoeFly network. Since 2014, BoeFly has supported more than 395 unique franchise brands, including Carl’s Jr., Meineke, Jamba Juice and Kiddie Academy. BoeFly CEO Mike Rozman is glad to be adding Bowl of Heaven as another success story to their growing roster.
“The process of going bank to bank to look for financing is antiquated and inefficient,” said Rozman. “When busy business owners limit their search to local lenders, they decrease their chances of getting financing at competitive terms. In this case, Samuel secured financing from a lender all the way across the country. The BoeFly team was proud to help Samuel and thousands of other entrepreneurs efficiently secure financing to grow their businesses, and we look forward to continue working with exciting franchise brands like Bowl of Heaven to help them achieve optimal growth.”