Adam Baer
From the April 2011 issue of Inc. magazine

An Easier Way to Apply for Loans

A service that streamlines the loan application process for businesses

 

Greg Mably

The loan application process can be daunting, what with thousands of possible lenders and stacks of forms to fill out. BoeFly.com aims to make it less onerous by letting businesses give one streamlined loan request to banks that are likely to be good matches. To get started, you fill out and submit an online form with details such as loan size and debt risk. BoeFly calculates a lender compatibility score based on the answers and provides a summary of your request to likely matches among the roughly 500 banks in its network, including PNC and U.S. Bank. Interested lenders will ask for your full application and notify you by e-mail if they would like to offer a deal. BoeFly's service starts at $99 per loan request.