BoeFly and IFA Partner to Increase Credit Access in Franchise Industry

Posted on February 13, 2012 by Ben Baggett

The International Franchise Association (IFA) and BoeFly, an online marketplace who connects borrowers with lenders, has just announced a partnership to expand on the access franchisees have to credit. The IFA, who supports over 825,000 franchisees with nearly 18 million jobs, made this announcement at the IFA Orlando Convention this past weekend.

"BoeFly's strategic alliance with the International Franchise Association will allow for the expansion of credit access resources to more franchise borrowers nationwide," said Mike Rozman, Co-President of BoeFly. Credit access in the franchise industry is one of the foremost challenges being faced in this economy. BoeFly hopes that by partnering with the IFA, they can greatly expand upon their efforts to expand credit access; the company currently works with over 100 different brands.

BoeFly and IFA will be developing education programs that are focused on franchisees and credit access in the industry. BoeFly will be developing research reports based on small business lender data and small business loan information. They will also be supporting the VetFran initiative by providing a 50% discount for its services to all veterans needing assistance.