AAMCO, the world’s largest chain of transmission specialists and leader in total car care, today announced it has partnered with BoeFly, an online marketplace for small business borrowers and lenders, to accelerate national franchise development of the brand. Through this strategic partnership, AAMCO will be able to leverage BoeFly’s nationwide network of lenders to help new and existing franchisees secure the financing needed to open and run their businesses successfully.
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“At AAMCO, we are committed to the success of our franchisees and this partnership will position us for continued growth,” said Brett Ponton, president and CEO of AAMCO Transmission, Inc. “With BoeFly’s service, it allows our franchise partners to quickly and easily understand their financing options for opening new centers or enhancing their current location.”
At no cost to AAMCO franchisees, BoeFly’s loan experts will assist them in creating complete bank-ready financing requests and through a single post on BoeFly’s internet-based loan exchange, they will have immediate access to banks and non-bank financing institutions that are interested in lending.
“Although small business lending has steadily increased over the last six months, franchise owners are still facing difficulties in accessing capital needed to grow their businesses,” said Mike Rozman, CEO of BoeFly. “Through BoeFly, AAMCO franchise owners will gain access to more than 5,000 lenders without having to worry about doing the legwork and negotiations. We look forward to working with AAMCO to ensure financing is more accessible to those franchisees seeking access to funding.”
For over 50 years, AAMCO's locally owned and independent service centers employ the latest technology and its expert technicians diagnose a repair, fix it right the first time and back it with a nationwide warranty. Known as the world's leading transmission expert, AAMCO has evolved into a total car care brand providing a variety of services, including brake repairs, tune-ups, shocks and struts, routine maintenance and more, and was recently named to Entrepreneur’s 2015 Franchise 500®. Ranking at the top of the transmission repair category based on system size, growth rate and financial strength also earned the brand a spot on Entrepreneur’s “Best of the Best” list.
With nearly 700 centers across North America, AAMCO is actively seeking single- and multi-unit operators who are passionate about the brand and committed to providing the highest quality service. Interested candidates should have a minimum net worth of $250,000 and liquid assets of at least $65,000 per unit. Depending on the real estate site selected, franchisees can expect the total investment to be approximately $227,400- $333,000 with a $39,500 initial franchise fee. Reduced franchise fees are available for honorably discharged veterans.
To learn more about franchise or conversion opportunities with AAMCO, contact Eric Simon, director of franchise development, at 888-977-1419 or firstname.lastname@example.org or visit aamcofranchise.com.
AAMCO is the world's largest chain of transmission specialists and a leader in total car care services. AAMCO has nearly 700 automotive centers throughout the United States and Canada. Established in 1962, AAMCO centers are proud to have served more than 45 million drivers. For more information, visit aamcouniversity.com, aamco.com or aamcoblog.com.
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, franchisors, 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 and comprehensive SmartForm loan application which matches parties based on a specific set of criteria. Also, to help BoeFly subscribers complete transactions, BoeFly offers online 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. http://www.boefly.com. Franchisors seeking to grow revenue by increasing the number of successfully financed franchisees please visithttp://www.boefly.com/franchisor.