BoeFly, the premier online marketplace connecting small business borrowers with lenders, today announced the launch of bQualTM, an unprecedented business lending tool.
Existing and prospective small business owners can access their bQual Report, which includes a statistically valid small business credit score, a consumer credit score, educational content explaining the scores, as well as insight into why they scored the way they did and how lenders typically view the score. bQual, with its patent pending technology, is exclusively available online at bQual.BoeFly.com and can be securely accessed from iPads, tablets, smartphones and computers.
In addition, the bQual Report may contain loan prequalification offers from one or more of BoeFly’s 3600 participating lenders, or an indication as to financing likelihood. No lender will have access to the business owner’s identifiable information until the owner grants access, thereby preventing unwanted calls.
bQual was created for the busy small business owner who seeks clear answers to their most pressing questions about financing: “What information do lenders look at to decide if I can get a loan? How do I compare with other borrowers?
BoeFly established a special relationship with FICO and
“We built bQual to address the questions we’ve heard from some of the thousands of business owners that have used BoeFly since we launched in March of 2010 –
“One of the keys to success for small businesses is being able to obtain credit quickly and at favorable terms,” said
“I applaud BoeFly on the launch of bQual,” said
BoeFly has also created a special version of bQual to meet the needs of franchisors and their current and future franchisees, known as ZeeQualTM. Jake’s Wayback Burgers, an 80 unit franchise brand, is just one of the fast growing brands incorporating ZeeQual into their new franchisee process. “The number one question we hear from our franchise candidates is, ‘Am I fundable?’” said
“The IFA has been proud to partner with BoeFly in a strategic alliance since early 2012,” said
bQual is also an important innovation for lenders looking to engage with prospective borrowers earlier in the process. “My bank is actively seeking out quality business owners,” said
Existing and prospective small business owners can access their bQual at bqual.boefly.com and franchise brands can learn more at http://www.ZeeQual.com.
BoeFly is the industry’s only on-line matching platform connecting small business borrowers with multiple lenders from among its more than 3,600 participating banks and specialty finance companies. By using BoeFly’s proprietary matching technology, borrowers have a greater probability of obtaining a small business loan, as well as more favorable loan terms resulting from the creation of a competitive marketplace. Lenders benefit by being presented with only those loan requests that fit their lending profile, dramatically lowering their cost and time of origination.
BoeFly is a strategic ally of the
Founded in 2010 by small business owners and small business lending experts, BoeFly’s marketplace has accommodated over
FICO and LiquidCredit, Small Business Scoring Service and SBSS are service marks, trademarks or registered trademarks of
Read the full story at http://www.prweb.com/releases/2014/02/prweb11611180.htm
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