New York Company Secures $1.2 Million in Financing Using BoeFly

BoeFly connects a New York borrower with a Utah bank for an SBA loan.

New York, NY, July 01, 2011 --( BoeFly, the premier online marketplace connecting small business borrowers with lenders announced today that an SBA guaranteed loan of $1.2 million for Infinite Personnel was closed through a connection made by BoeFly. Infinite Personnel is a 14-year old, New York City-based full service, temporary healthcare staffing company providing staff to local hospitals, nursing homes and other medical providers.

“I had been seeking financing for close to a year before meeting BoeFly partner Chris Miller of Evergreen Equity Partners. He understood my needs and was the only person who was able to find me a credible lender, said Cary Weiss, President of Infinite Personnel. “Not only did Miller help me with this loan, he is close to closing another unrelated one for me, using BoeFly.”

Chris Miller, President of Evergreen Equity Partners LLC, and longtime BoeFly partner, posted the financing request on BoeFly, which is used by many professional loan brokers. “Once again, BoeFly was the crucial element in getting Weiss the capital he needed for his company Infinite Personnel,” said Miller.

Miller posted the request on BoeFly, where more than 1200 lenders from around the country could access the deal. “I use BoeFly to ensure that my clients have extensive exposure to the most suitable lenders,” said Miller. “In the first few days that Weiss’ request was posted on BoeFly, 11 lenders requested access to the detailed package. BoeFly gave this deal much greater access to small business lenders.”

“Knowing that through BoeFly, another small business owner has connected with a lender and obtained financing provides ongoing evidence of both borrower demand and bank small business lending,” said David Nayor, Co-president of BoeFly. “We know how daunting the process of making the right connection can be and through BoeFly, we are making that process easier for banks and small businesses nationwide.”

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.

Bill Fallon