Papa Murphy’s Franchisee Uses BoeFly to Secure a Business Loan.
BoeFly, the premier online marketplace connecting small business borrowers with lenders and a strategic Ally of the International Franchise Association, announced today that Charles Patrick Meadows, a Papa Murphy’s franchisee, secured a start-up loan from Cornerstone Bank in Atlanta, GA through a connection made by BoeFly.
Charles Patrick Meadows, a finance and business analyst with a background in account management and hospitality, was committed to opening a Papa Murphy’s Take ‘N’ Bake Pizza Store in Texas. With Meadow’s expertise, he knew that getting a restaurant start-up loan in this environment could be a challenge.
“Luckily, I chose to invest in a Papa Murphy’s, which supports its franchisees in many ways—one important way is with financing. Papa Murphy’s recommended I use the Papa Murphy’s Finance Center powered by BoeFly in order to connect to a network of lenders and have the best chance of finding financing at competitive rates and terms,” said Charles Patrick Meadows.
Meadows was connected with Doug Cullinan from Cornerstone Bank to secure the funding to open his first Papa Murphy’s location. “I’m thrilled to have met Charles Patrick Meadows, a sophisticated entrepreneur through BoeFly. My bank is looking to grow and I regularly use BoeFly to efficiently find new borrowers. I look forward to financing more small business owners I find on BoeFly in the future,” said Doug Cullinan, Southeast Region Director for Cornerstone Bank’s Small Business Capital Group.
“The reason Papa Murphy’s is so popular for new business owners is for the proven support and guidance we deliver. Papa Murphy’s looks at financing as one of the key ways that we can help, which is why we partnered with BoeFly to be able to give our franchisees access to a network of 3,600+ lenders. BoeFly is available to both our first time franchisees looking to start-up, as well as to our multi-unit franchisees looking to expand. BoeFly has been influential in Papa Murphy’s growth since we began our partnership a few years ago,” said Kevin King, Chief Development Officer of Papa Murphy’s.
“BoeFly was created to make sure business owners like Charles Patrick Meadows who are looking to start-up a small business, aren’t hindered by the lack of access to capital,” said Mike Rozman, Co-President of BoeFly. “Furthermore, the more efficiently business owners can secure the financing they need, the more jobs get created.”