New York, NY, April 08, 2011 --(PR.com
)-- BoeFly, the premier online marketplace connecting lenders with business borrowers, secondary market loan buyers and professional service providers, announced today that an SBA guaranteed loan was closed through a connection made by BoeFly, matching the loan request for a video production and media duplication company in Indianapolis, Indiana to a nationwide SBA lender.
The company president, James Porter, sought a loan to restructure debt and expand his 24 year old business and retained BoeFly’s SBA Business Loan Consultant and Partner, Joe Wojtowicz, of BizLoanFunding.com to assist. “My business expertise is in video, not finance,” said James Porter, President of Design Video Communications, Inc. “Joe and BoeFly did a great job of arranging my SBA loan, allowing me to expand my business with the capital I would have otherwise paid out as interest.”
Wojtowicz worked with his client to create a complete loan package on BoeFly where it was compatibility matched to 10 of BoeFly’s more than 600 lenders from around the country, who then requested access to the deal. “I use BoeFly to ensure that my clients most efficiently connect with the most suitable lenders,” said Joe Wojtowicz of Bizloanfunding.com. “Ten lenders requested access to this deal, making the often tedious process of connecting with multiple lenders easy and efficient.”
“We are in the business of helping small businesses and their loan advisors like BizLoanFunding.com, connect efficiently with lenders,” said Michael Rozman, President of BoeFly. “The assertion that banks are not interested in making new loans to small businesses is misleading. What BoeFly sees on a steady basis is that when compatible borrowers and lenders can cut through the inefficiency and connect, deals get done.”
BoeFly is the only online marketplace harnessing technology to dramatically simplify the execution of commercial transactions, including all loan origination and sales. BoeFly revolutionizes how deals get done by seamlessly connecting all parties, including lenders, borrowers, franchisors, investors, buyers and sellers to a potential transaction and facilitating the efficient completion of these transactions. For small business lenders, BoeFly also provides the ability to sell loans to investors freeing up liquidity for even more small business lending. BoeFly is a subscription service and does not charge any transaction fees.
Key to the success of BoeFly is the site's dynamic compatibility technology and comprehensive Smartform loan application which matches parties based on a specific set of criteria. Also, to help BoeFly subscribers complete transactions, BoeFly offers online access to service providers in a wide variety of professions from appraisers, to closing attorneys, to environmental consultants.
BoeFly was founded by small business lending experts with extensive banking and secondary market experience. The company is privately-held and is based in New York City. www.boefly.com.