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 between an AlphaGraphics franchisee seeking start-up financing with a community bank in Arizona.
The AlphaGraphics owners, Cindy and Ted Ferkenhoff, who have both had successful careers with large corporations, opened the franchise because they wanted to run their own business. “We turned to a professional loan broker – Mark Danford at FranFund, to help us secure financing,†said Ted Ferkenhoff. Danford, EVP of Funding Services for FranFund, and longtime BoeFly user, posted the financing request on BoeFly, the online marketplace connecting borrowers with lenders. The new loan, which resulted from BoeFly connecting the Ferkenhoff’s and their lender, allows them to open their first AlphaGrapics franchise. The new AlphaGraphics location, set to open in Flagstaff, AZ, will service the printing needs of local businesses.