HORSHAM, Pa. (Aug. 26, 2015) — Cottman Transmission and Total Auto Care has partnered with BoeFly L.L.C. — a firm specializing in helping small business owners secure financing via an online marketplace.
The goal of the partnership, according to Cottman, is to offer its franchisees nationwide “quick and simple” access to financing.
Through the partnership, new and existing Cottman franchisees will be able to use BoeFly to “efficiently and effectively secure bank financing” for new locations, the Horsham-based franchisor said. BoeFly provides business owners with a platform to post a single loan request to its network of 5,000-plus lenders and then matches them using its proprietary matching technology.
Cottman Transmission, which has more than 50 locations across 22 states, said it is dedicated to delivering quality service, parts and warranties to its customers. By providing franchisees with BoeFly's Full Service Plan, the company said it can accelerate and simplify the financing process.
“Great franchise brands recognize that it is critical to support their franchisees in all business aspects, and financing is a headline issue,” said Mike Rozman, CEO of BoeFly. “BoeFly eliminates the systematic inefficiencies that borrowers face in securing financing by positioning the franchisee to build a complete financing request securely online and then connecting franchisees with banks that are willing to lend.”