Blog

Small Business Funding Expands to the West Coast

When it comes to small business funding we think of the big companies and how they are all located on the east coast. Benetrends for example has its head office in Philadelphia.  One might say it is located there because that is where the majority of the population lives, on the east coast.

The East Coast hasn’t always been home to Benetrends. In 1983, when Leonard Fischer first founded the company, Benetrends was based in California.  So when it came time to expand, opening an office in California was a natural fit.

"As our business continues to grow, we recognized that to provide better service to our clients and partners in the western part of the country, we needed to increase our presence on the west coast," said Leonard Fischer, CEO and Founder of Benetrends. We saw a need to be closer to our clients and an opportunity to expand our business."

"This is a momentous move for Benetrends and I'm looking forward to bringing our innovative funding solutions directly to a west coast clientele," said Steve Stovall, VP of Business Development.

"Now more than ever, small business owners need proven, sound sources of funding," said Gary Belford, account executive at the new California office. "I'm looking forward to showing west coast entrepreneurs how Benetrends is their perfect partner for success."

As one entrepreneur has told us, “Benetrends showed me how to finance my business, without going into debt. It's one of the best decisions I made.”

As the nation’s leader in retirement plan solutions and funding for small business, we are thrilled to be expanding to provide our services to our clients and partners on the west coast.

If you have questions about small business funding, join us on February 28th at 3pm EST. Benetrends and the ASBDC are hosting a free webinar. We encourage you to send us your questions. To register simply click on the registration link!

 

Click Here to Register Now!

Continue reading..

Small Business Funding…Where Do I Get the Answers?

Small Business Funding…

Where Do I get the Answers?

When it comes to starting a business, I know people have a lot of questions that need an expert’s advice. People may know a lot about their product or service but the legal and funding side of a business can get complicated very quickly.

We know that in the current economic environment it can be difficult to secure funding of any kind.  Well there is hope on the horizon!

More and more entrepreneurs who were in careers that fell apart during the last recession are taking advantage of their retirement funds to help finance their businesses.  They are funding their businesses using their IRA or 401k without penalty.  Did you even know you could do that?

You have probably heard these types of questions before.

Can I use IRA money to fund a home-based, non-franchise business without penalty?

Can I parcel out a portion of my 401k?

How can I use my SEP IRA as a cash injection into my small business?

How can I utilize an IRA from which I am currently receiving 72T distributions?

Do I have to move all of my 401k or IRA at once or can I do it over a period of time?

Well to get the answers to this and any other questions regarding funding, there is great news!

On February 28th at 3pm EST, Benetrends and the ASBDC have joined together to host a free webinar to anyone who has questions about how to fund their business venture.  

Steve Stovall, VP of Business Development at Benetrends, said, “This is the best opportunity to ask an expert any questions one might have”.

To join the webinar, simply click on the Register Here Button!

Let us know what you want to know.

Fill in the last line of the registration form with your questions!

Click Here to Register Now!

Continue reading..

ASBDC Network Connection and Benetrends Unite for Free Webinar!

 

You’re Invited: Experts Share Exciting Options

For

Small Business Funding

When looking for Capital to start a business or franchise, many Entrepreneurs seek out traditional funding methods like SBA Loans or home Equity Lines of Credit.

Did you know that you could also use a 401(k) or an IRA WITHOUT PENALTY to purchase or expand your business? You CAN!!

Please join us for an informative and interactive Webinar on ‘Options for Small Business Funding’ presented by Steve Stovall, Vice President of Buiness Development at Benetrends.

The Webinar will be on Tuesday February 28th at 3PM EST and will discuss:

  •   Current Funding Options available through Traditional Sources
  •  The Ability and Benefits of using 401(k) / IRA Rollover Financing
  •   Is Home Equity the way to go?
  •   How to choose the best Funding Option for you, your Business, and your Family

Register today to get your questions on the State of Small Business Funding answered.

TO REGISTER CLICK ON THE BUTTON!

Click Here to Register Now!

 


Continue reading..

The truth about opening your own business…

I think most people would say that I would be crazy to open a coffee shop down the street from a Starbucks. I think it all depends on whether or not I provided you with the VIP (very important person) treatment.  If my shop provided you with great coffee, tea, edibles and an amazing ambiance that included great Wi-Fi, I would be doing what Starbucks and every other coffee shop does. But if I remember your name and your order every time you came in or saved you the last of my red velvet cupcakes filled with cool whip and topped with dark chocolate that I know you love so much….I think you would choose to come to my coffee shop for that extra bit of attention and great service.  You would also come in because you would see that I am doing what I love.

Continue reading..

Benetrends would like to wish you and your family the very best this Holiday Season!

What would the world be like without entrepreneurs?

The Entrepreneurial Spirit

What would the world be like without entrepreneurs?

So my day began with my iPod alarm and the smell of freshly brewed Starbucks coffee. I rushed to get ready and then jumped into my Ford Focus to get to work.  On the way there, my boss called me on my iPhone to ask if I would pick up some Dunkin Donuts for the morning meeting.

If Steve Jobs (Apple), Howard Schultz (Starbucks), Henry Ford (Ford Automobiles) and William Rosenberg (Dunkin Donuts) had not been entrepreneurs, my day would have started very differently. I am not alone when I say; many entrepreneurs have changed our lives when they stopped dreaming and put their visions into action.

Although owning your own business is the foundation of the American dream, polite society will tell you it is a risky adventure with a path full of failures. What they do not tell you is that this path will also allow you to fulfill your greatest passions and generate ideas that may change society forever.

Imagine if Steve Jobs never started Apple…

If you had the opportunity to answer this question again… “What do you want to do when you grow up?” How would you answer it, especially if you knew ahead of time you were going to make such a powerful impact on the world?

If you have an entrepreneur inside you wanting to get out, tell us!

Looking forward to hearing your stories… Continue reading..

Benetrends Introduced Single Source Funding Designed to Strengthen Small Busines Start-up Growth.

Rose Voltz appointed Senior Financing Consultant

Rose Voltz

North Wales, PA – February 2011: Benetrends, Inc., the nation’s leader in retirement plan solutions and funding for small business welcomes Rose Voltz as Senior Financing Consultant to offer Single Source Funding to its clients. “During these economically challenging times, we’ve helped thousands of individuals invest a portion of their retirement funds in their own businesses,” Leonard Fischer, CEO and Founder of Benetrends stated. He added, “As commercial capital becomes increasingly tighter, broadening our funding support to include SBA loans, small business loans and lines of credit was only logical. Rose Voltz is a natural to help Benetrends accomplish this goal.”

Continue reading..

Formal Introduction of Single Source Funding enthusiastically received by Franchisors of all sizes at IFA 2011.

Benetrends Solidifies Leadership Position at IFA 2011

Benetrends Solidifies Leadership Position at IFA 2011

Benetrends formally introduced the addition of Single Source Funding at IFA 2011.

Today nearly 650,000 new firms are started in the United States each year. Approximately 10.2 percent of the overall workforce, or 13.8 million workers, are self-employed.

These new entrepreneurs contend with the number one concern of every business owner – securing the proper funding. This concern has never been more challenging than in today's tight credit market.

Continue reading..

Multi-Unit Franchisee Magazine: Issue 1 2011

Roll Over: Investing in Yourself – Using retirement plans to fund growth.

Click to view PDF

Benetrends Celebrates National Save for Retirement Week with Education and Awareness.

Terry Abbonizio, Director of Operations for Benetrends, welcomes Merri Lee Moffit, a financial planner and her clients.

North Wales, PA – October 20, 2010: Benetrends, Inc., the nation’s leader in retirement plan solutions and funding for small business, geared up to celebrate National Save for Retirement Week with an on-site celebration and awareness event. The resolution to make October 17-23, 2010, a time to remind Americans of the importance of retirement saving was sponsored by U.S. Representatives Allyson Schwartz (PA-13) and Sam Johnson (TX-03) and passed unanimously by Congress in late July.

Continue reading..