Ohio’s Essential Sealing Products Uses BoeFly to Connect with Lenders for an SBA Loan

Cleveland-area manufacturer loan refinancing saves over $200,000 annually in interest expense

New York, NY, April 18, 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 Essential Sealing Products, Inc. a manufacturer of gaskets and sealing products in Ohio to a lender based in Wisconsin.

The company president, Susan L. Pyle, sought a loan to restructure debt and expand her 30 year old business and retained BoeFly’s SBA Business Loan Consultant and Partner, Joe Wojtowicz, of BizLoanFunding.com to assist. “I need to stay focused on manufacturing, not banking,” said Susan Pyle, President of Essential Sealing Products, Inc. “Joe and BoeFly were very helpful in arranging my SBA loan, allowing me to expand my business with the capital I would have otherwise paid out as interest.”

Wojtowicz worked with Essential Sealing Products to create a complete loan package on BoeFly. It was then compatibility matched to 20 of BoeFly’s more than 600 lenders nationwide, who requested access to Essential Sealing Products’ full loan package. “I have confidence that my clients will efficiently connect with the most suitable lenders through BoeFly,” said Joe Wojtowicz of Bizloanfunding.com. “Twenty lenders requested access to the Essential Sealing Products loan package, giving my client a range of financing alternatives, quickly and easily.”

“Small businesses and their loan advisors like BizLoanFunding.com benefit in many ways from using BoeFly,” said Michael Rozman, President of BoeFly. “It’s simply the fastest and easiest way to connect with multiple banks for a small business loan.”

About BoeFly
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, 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, which matches parties based on a specific set of criteria. Also, to help BoeFly subscribers complete transactions, BoeFly offers 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.

Bill Fallon