2015 IFA Convention Recap Plus Our New Video Debut

The International Franchise Association's Annual Convention has always been an exciting event for us, and this year's show in the glitz and glow of Las Vegas certainly did not disappoint. We had a jam-packed schedule, met tons of interesting people from all corners of the country, reconnected with old friends, networked with the industry's brightest minds, and debuted our new video which you can take a look at here… We even had a chance to help celebrate some of our amazing partners and their...

Continue reading..

Funding Trivia: Test your knowledge!

Interested in opening a small business or franchise? How much do you know about your funding options? Take our quiz and find out…   1) What is typically not a funding option available to you to start a business? a) SBA loan b) Investing your Retirement Funds c) Traditional bank loan d) Securities backed line of credit e) All of the above are options   2) What does ROBS stand for? a) Resources or Backing for Startups b) Rollover for Business Startups c) None of the above   3) T or...

Continue reading..

2015: A great year to start or grow a franchise

Small business optimism for the future is at its highest point since 2007/2008, according to both the National Federation of Independent Business and the recent Wells Fargo/Gallup Small Business Index. This optimism, along with other key factors including better access to capital and special tax incentives, points to what could be an opportune time to start or grow a franchise or business. Funding and Tax Incentives in your Favor Favorable options abound for entrepreneurs in terms of access to capital....

Continue reading..

Inc. Radio: Interview with Rocco Fiorentino on How to Start a Business


Host of Inc. Radio Alan Taylor interviews President/CEO of Benetrends, Rocco Fiorentino, on starting a business and how you can invest your 401K into a new business, with no penalties... Segment 1: Smart 401K Addresses how to use your 401K without getting into any sticky tax situations! Segment 2: The Rainmaker Plan Invest your 401K into a franchise or business with "The Rainmaker" plan. Segment 3: Own A Franchise Think you can't own a franchise because of bad credit or no funding? Think again!...

Continue reading..

SBA Loans Decreasing AND Increasing?

SBA loan trends

  According to recent statistics, the Small Business Association (SBA)  approved $28.6 Billion in loans this year.  While that number might sound staggering to some, it's actually $1 billion less than the previous year, and the third straight year of decline. Some might be concerned with this trend, but on the other side of the coin, the number of approved loans has been increasing steadily. In fact, almost 58,000 loan applications were approved this year compared to 54,106 last year, and...

Continue reading..

Top Questions to Ask when Choosing a 401(k)/IRA Business Funding Company


  So you've made the decision to purchase a business or franchise, and you think you'd like to fund it using your retirement plan? Congratulations! That's a wise choice for funding a franchise — you can secure funding FAST , there are NO loan payments, you can pay yourself a salary from the start, and the list goes on… Now, the question is "What company should I choose to help me do this?"   While there are a few good companies out there who handle this type of funding, it is critical...

Continue reading..

Benetrends Leading a Financial/Lending Summit at the 2014 Emerging Franchisor Conference

          Benetrends President and CEO, Rocco Fiorentino, will be facilitating a session at the 2014 Emerging Franchisor Conference: Financial/Lending Summit: Strategies for Growth Be an active participant in this panel session featuring guest franchisors of varying sizes who have been where you are now and are sharing their best advice on: • Funding insights and resources to empower you and your franchisees to reach your growth goals • Building a foundation for growth...

Continue reading..

Dispelling Current Myths in Franchise Funding

Dispelling Franchise Funding Myths

Eric Schechterman, Director of Sales at Benetrends, examines and dispels the current myths in franchise funding, in a featured article in the November issue of Franchising USA magazine. Read full article

Continue reading..

Unlock the Necessary Funds Required for an SBA Loan

Use a 401k for SBA loan equity injections

One of the most popular questions we are asked by entrepreneurs interested in getting an SBA loan is:"What are my options for securing the money needed for an SBA loan?" This is because in order to qualify for an SBA Loan, most lenders typically require the entrepreneur to come up with a 20-30% equity injection. So, say you need $125k to purchase a franchise plus another $75k for working capital, for a total project cost of $200k. The bank would require you to inject $40k to $60K towards the project,...

Continue reading..

This Segment of Small Business Owners is Flourishing

funding for women

What do these businesses have in common? Flickr, Build-a-Bear, Eventbrite, SlideShare. If you guessed they were all founded by women, you are correct. Women small business owners are one of the fastest growing sectors of our economy according to the Small Business Administration (SBA). Thank the inspiring role models who have paved the way and showed younger generations that it can be a viable and lucrative career move. (Even the current head of the Small Business Administration, Maria Contreras-Sweet,...

Continue reading..