CiCi’s Pizza has selected New York City-based BoeFly, an online marketplace that executes commercial transactions, to assist its franchisees in obtaining bank financing.

Nearly half (49.2 percent) of the respondents in a recent member survey conducted by the International Franchise Association identified “financing/access to credit’ as their top issue of concern. In response to this concern, BoeFly created a portfolio of services for the franchisor market.

Through these services, companies can offer their franchisees access to a network of lenders through the posting of a single loan request on BoeFly’s Internet-based loan exchange. BoeFly uses proprietary matching technology to connect franchisees with lenders and help them acquire the capital they need to open their businesses.

The partnership fits into CiCi’s strategic and sustainable growth plan for 2011.

“Franchise lending has been down by as much as 40 percent in the past two years due in part to the inefficiencies in the lending process that have been exposed by the financial crisis. BoeFly eliminates these inefficiencies by connecting franchisees with banks that are ready and willing to lend,” said Robert Tannenhauser, CEO of BoeFly.

CiCi’s Pizza has more than 600 restaurants in 35 states.

Related Content

User Comments – Give us your opinion!
Products & Services

Pizza POS Software

http://global.networldalliance.com/new/images/products/5937.png

5937/Pizza-POS-Software

DriverSafe

http://global.networldalliance.com/new/images/products/keyboard_iix.gif

1424/DriverSafe

Restaurant Digital Signage Advertising Network

http://global.networldalliance.com/new/images/products/6691.png

6691/Restaurant-Digital-Signage-Advertising-Network

Leapfrog POS App

http://global.networldalliance.com/new/images/products/4559.png

4559/Leapfrog-POS-App

MVR Reports

http://global.networldalliance.com/new/images/products/MVR_Report_iix.gif

1252/MVR-Reports

HAND-PINCHED STYLE® Sausage and Beef Toppings

http://global.networldalliance.com/new/images/products/6785.png

6785/HAND-PINCHED-STYLE-Sausage-and-Beef-Toppings

Cured Meats

http://global.networldalliance.com/new/images/products/6791.png

6791/Cured-Meats

Supply Chain Management

http://global.networldalliance.com/new/images/products/6405.png

6405/Supply-Chain-Management

Meatballs

http://global.networldalliance.com/new/images/products/6789.png

6789/Meatballs

Get more from your restaurant POS with online videos and tutorials

http://global.networldalliance.com/new/images/products/1294.png

1294/Get-more-from-your-restaurant-POS-with-online-videos-and-tutorials

Fast Casual Executive Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.