New York, New York (PRESS RELEASE – November 13, 2010) – To commemorate Veterans Day, BoeFly, the premier online marketplace connecting lenders with business borrowers, secondary market loan buyers and professional service providers, today announced a partnership with the Entrepreneurship Bootcamp for Veterans with Disabilities (EBV), a national program offering career training, education and job creation for post-9/11 U.S. veterans with disabilities and their families. The EBV is offered by a network of business schools that include Syracuse University, Texas A&M University, Purdue University, Florida State University, the University of Connecticut, UCLA, and Louisiana State University. The Burton Blatt Institute of Syracuse University, a premier organization that works to advance civic, economic and social participation of persons with disabilities, provides specialized curriculum support to the program positioned to address some of the unique challenges and opportunities faced by our veterans with disabilities.
Through the partnership, all EBV members are eligible to receive a free BoeFly memberships, helping them connect with over 500 financial institutions nationwide that are also BoeFly members. The program will also include training and support services, provided by BoeFly and its service provider partner, Starfield & Smith, PC, a law firm and leading expert on SBA lending programs.
“It is an honor for Starfield & Smith to team with EBV and BoeFly on a project which will assist disabled veterans and their families through U. S. Small Business Administration financing programs,” said David Starfield, Managing Partner of Starfield & Smith, P.C. “We are committed to offering services, training and advice to these entrepreneurs which will enable them to access the capital they need and deserve.”
BoeFly helps small businesses grow by making it easier to connect and engage with lenders to secure the capital they need. Through a single online finance request complete with supporting documents, BoeFly members quickly and easily connect with financial institutions that have been compatibility matched to their business opportunity through BoeFly’s exclusive borrower-lender matching system. Unlike traditional methods of obtaining a loan, which involve personally travelling to local banks one at a time to fill out paperwork, loan requests posted on BoeFly are immediately available to lenders around the country and typically generate at least five requests to evaluate the full loan package. These lender evaluations are the critical first step in the lending process.
“BoeFly’s involvement means that more veterans with disabilities will be able to realize the ultimate American dream — business ownership,” said J. Michael Haynie, EBV Founder and Assistant Professor of Entrepreneurship at Syracuse University’s Whitman School of Management. “We applaud this timely infusion of Internet technology into our program and into such a key driver of our nation’s economy.”
BoeFly has been successful in connecting small business borrowers to lenders by developing a new technology that matches small businesses seeking loans with small business lenders. Like so many entrepreneurs, veterans who have great ideas for small businesses often do not get the funding due to the small business-lending crisis. However, BoeFly has proven that it is not a matter of unavailable lenders but an issue of the borrowers not being able to connect to the right lenders.
“The partnership between the EBV and BoeFly is a natural one, because of our shared vision to provide entrepreneurs the tools and resources needed to jump-start their small business,” said Robert Tannenhauser, CEO of BoeFly. “We are honored to have a role in helping people who have sacrificed so much for our nation build a better future for themselves and their families.”
About the Entrepreneurship Bootcamp for Veterans With Disabilities (EBV)
The Entrepreneurship Bootcamp for Veterans with Disabilities (EBV) offers cutting edge, experiential training in entrepreneurship and small business management to post-9/11 veterans with disabilities resulting from their service to our country. The EBV is designed to open the door to business ownership for our veterans by 1) developing your skills in the many steps and activities associated with launching and growing a small business, and by 2) helping you leverage programs and services for veterans and people with disabilities in a way that furthers your entrepreneurial dreams.
The EBV has chapters at Syracuse University, Texas A&M, UCLA, Florida State University, Purdue University and University of Connecticut.
About Starfield & Smith, P.C.
The attorneys of Starfield & Smith, P.C. have been providing legal services to the lending and small business communities for over twenty years. Our clients can expect to work closely with experienced attorneys and paralegals in the firm who understand the complexities of their business. Starfield & Smith, P.C. clients receive the personal attention they deserve.
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.