Jamba Juice Engages BoeFly as Its Exclusive Franchisee Financing Partner
April 29 2015 - 9:00AM
Business Wire
BoeFly Educates Candidates on Financing
Options, Verifies Applicants’ Assets and Connects Franchisees with
Financing
Jamba, Inc. (NASDAQ:JMBA), a leading health and wellness brand
and the leading retailer of freshly squeezed juice, today announced
that the Company has engaged BoeFly.com, the premier online
marketplace connecting business borrowers with lenders, to
accelerate the new franchisee development process and to deliver
efficient and competitive financing for existing and new
franchisees.
Jamba Juice is relying on BoeFly’s bQualTM tool to empower
prospective franchisees to become educated about their financing
options. bQualTM, BoeFly’s patent-pending, online education tool
gives the candidate their FICO consumer credit score and their
business credit score required by the Small Business Administration
– the FICO SBSSSM, and prequalification offers from BoeFly’s 5,000+
lenders. Jamba Juice has engaged BoeFly to complete an independent
asset verification on all new franchisee applications to deliver
the timeliest execution.
Jamba Juice is also making BoeFly’s loan marketplace available
to new and existing franchisees alike to make financing more
efficient and competitive. The brand offers BoeFly’s Full Service
financing support in which franchisees are matched with a dedicated
financing expert to guide them through the process of creating a
thorough bank-ready financing request and connecting with the right
lenders from BoeFly’s marketplace.
“Our engagement with BoeFly signals our continued progress
toward implementing initiatives that accelerate our move to a
predominantly franchise system,” stated Karen Luey, executive vice
president and CFO, Jamba, Inc. “The ability to provide financing
alternatives from banks and lenders with our pipeline of
franchisees will further accelerate our growth and development. Our
partnership with BoeFly will allow our existing and new franchisees
the opportunity to explore new financing alternatives and
accelerates the deal process.”
“BoeFly has done some of our most innovative work with Jamba
Juice,” said Mike Rozman, Co-president of BoeFly. “It is clear that
the Jamba team know the importance of efficient capital access for
franchisees. Jamba Juice’s new franchise development process is
fast becoming the most cutting edge in the industry. For instance,
Jamba Juice is one of the pioneering brands to integrate BoeFly’s
solution into their development system – FranConnect. We look
forward to supporting Jamba Juice’s strategic vision.”
About Jamba, Inc.
Jamba, Inc. owns and franchises Jamba Juice® stores through its
wholly-owned subsidiary, Jamba Juice Company. Jamba Juice Company
is a leading restaurant retailer of better-for-you, specialty
beverage and food offerings, which include great tasting, whole
fruit smoothies, fresh-squeezed juices and juice blends, hot teas
and a variety of food items including, Energy Bowls™, hot oatmeal,
breakfast wraps, sandwiches, Artisan Flatbreads™, baked goods and
snacks. As of December 30, 2014, there were 868 store locations
globally. There were 263 Company-owned and operated stores and 543
franchise-operated stores in the United States, and 62
franchise-operated international stores. Jamba Juice Company
expands the Jamba® brand by direct selling of consumer packaged
goods (“CPG”) and licensing its trademarks. CPG products for
at-home enjoyment are available online, through select retailers
across the nation and in Jamba® outlets in the United States. Fans
of Jamba Juice® can find out more about Jamba Juice's locations as
well as specific offerings and promotions by visiting the Jamba
Juice website at www.JambaJuice.com or by contacting Jamba’s Guest
Services team at 1-866-4R-FRUIT (473-7848).
About BoeFly
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
visit http://www.boefly.com/franchisor.
Jamba JuiceMike Fuccillo, 510-596-0100, X-7Dir. Corporate
Communicationsmfuccillo@jambajuice.com
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