Boefly Secures Funding to Fuel Gong cha Franchise Expansion Across Key Markets

BoeFly, the leading financial technology company specializing in franchise funding solutions, announced an SBA loan closing for the fast-growing Gong cha franchise. Franchisee An Trac has successfully secured funding for his first Gong Cha location in Nashville, Tennessee.

“As first-time borrowers, we faced numerous challenges and uncertainties throughout the financing process. However, the team at BoeFly offered us expert guidance every step of the way, making what initially felt overwhelming much more manageable,” said Trac. “They took the time to explain the intricacies of the application process, addressing our concerns and providing valuable insights that helped us make informed decisions, which empowered us to move forward with our business plans. We couldn’t have done it without them!”

Gong cha, an international beverage franchise specializing in freshly prepared premium tea, bubble tea and coffee, was founded in Taiwan in 2006 and currently has over 2,000 stores in 23 countries. With its signature Milk Foam and customizable toppings, its bubble tea has been described as “one of the most instagrammable beverages ever” and has exploded in popularity in the U.S.

“BoeFly provides all of our required diligence on new franchise candidates and offers a seamless transition to critical financing support, allowing our new stores to open and operate quickly and efficiently. We appreciate the BoeFly partnership and recommend them to any franchisor looking to streamline and strengthen their development process,” said Mark Treptow, VP Franchise Sales and Development at Gong cha.

“Our team was thrilled to help An secure financing for his first Gong cha and we can’t wait to watch him soar,” said Mike Rozman, President and CEO of BoeFly. “We are dedicated to providing both new and experienced franchisees with the financial resources and support they need to make their dreams of successful business ownership a reality.”

Founded in 2009, BoeFly is a leading financial technology company that continues to deliver innovative online tools and solutions to accelerate business forward. Led by a team of franchising and finance industry experts, BoeFly specializes in identifying gaps in the marketplace and creating customized solutions to meet changing needs. The company has developed a proprietary Franchise Sales and Finance System to meet the core needs of franchise brands and small businesses throughout the entire process, from vetting franchise candidates to matching them with lenders who can move fast.

Through its data-driven system and robust online marketplace, BoeFly is able to connect borrowers to a wide array of banks and specialty finance companies, which has accommodated over $7 billion in transactions and supported more than 600 unique franchise brands. BoeFly’s pioneering technology and products have allowed the company to offer flexible options and serve businesses at all stages of development, from established brands with thousands of locations to emerging franchisors and startups. For more information, visit www.boefly.com.

BoeFly drives growth by delivering financially qualified candidates increasing lead-to-franchisee conversion, and helping franchisees secure financing. BoeFly has supported more than 600 unique brands since 2014.