PRLog (Press Release) - Aug 11, 2011 - Direct Wholesale Supply, Inc. Secures $105,000 SBA Loan to Expand
BoeFly connects a Kansas borrower with a Kansas bank for an SBA loan
New York, NY, August 11, 2011 -- BoeFly, the premier online marketplace connecting small business borrowers with lenders announced today that an SBA guaranteed loan of $105,000 for Direct Wholesale Supply, Inc. was closed through a connection made by BoeFly. Direct Wholesale Supply, Inc., located in Beloit, Kansas, is a supplier that specializes in exterior home improvement products such as siding, doors, windows, roofing and gutter supplies. The company provides superior products and timely delivery to over 60 contractors across Kansas and Southern Nebraska.
"Thanks to BoeFly, Direct Wholesale Supply, Inc. was able to secure a loan that will allow us to expand," said Curt Farwell, President of Direct Wholesale Supply, Inc. "In addition to helping Direct Wholesale Supply grow, the loan will help us to continue providing exceptional supplies and service to contractors."
In securing the loan for Direct Wholesale Supply, Inc., BoeFly connected Curt Farw trash bins ell with Deryl Schuster, President and CEO of Midwest Community Bank in Plainville, Kansas. "Because of BoeFly's convenient online platform, Midwest Community Bank was able to connect with Farwell and provide him with the expansion capital he needed for Direct Wholesale Supply, Inc.," said Schuster. "Without BoeFly, we would have never learned about this lending opportunity. We now have a new customer that we are really excited about. This is the third time we have found a prospect through BoeFly. We will continue to seek out other lending opportunities," Schuster continued.
Chris Miller, President of Everg rc helicopter market place reen Equity Partners LLC, and longtime BoeFly user, posted the financing request on BoeFly, which is used by many professional loan brokers. "Knowing that through BoeFly, more than 1200 lenders from around the country could access the deal, I am confident that my client Kenmore Bisque 15 inchi s have the most extensive exposure to the most suitable lenders," said Miller.
"We take great pride in knowing that through BoeFly, another small business owner has connected with a lender and obtained financing," said Mike Rozman, Co-president of BoeFly. "BoeFly makes the harrowing process of finding a loan much easier for a borrower to make the right connection. We look forward to our continued growth of registered banks and to working with such reputable bankers as Deryl Schuster."
About BoeFly BoeFly is the only online marketplace harnessing technology to dramatical manual trash compactor ly 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 lenders, BoeFly also provides the ability to sell loans to investors freeing up liquidity for even more 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 owners and small business lending experts with extensive banking and secondary market experience. The company is privately-held and is based in New York City. www.boefly.com.
Media inquiries: Bill Fallon/ Keating Co. /212.925.6900/ bfallon@keatingco.com
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