SBA Preferred Small Business Loan Program

SBA 150 Under Loan

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Small Businesses and Data Breaches: What you Need to Know Now about Cyber Liability Insurance

Cyber liability insurance

By: Bill Skene, Executive Director of Insurance and Risk Management Got insurance? With a number of high profile data breaches in the news over the past several months, 2014 has already been dubbed by some as the Year of the Data Breach. According to InfoSecurity Magazine, as of July 15, 2014, more than 400 data breaches have been reported, affecting more than 10 million personal records. While an underground network of overseas hackers stealing thousands of credit card records from large corporations...

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$23.7 Trillion to Help Franchisors Grow

401k funding

Retirement plan assets According to a recent report by the Board of Governors of the Federal Reserve System, there is an estimated $23.7 Trillion in U.S. Retirement Plan Assets. This is great news for franchisors who are looking to grow their franchise system. As you may already be aware, when leveraged by your candidates and franchisees, retirement plans can be used to purchase a franchise tax-deferred and penalty-free. This type of funding, often called 401(k) rollover funding or ROBS (Rollovers...

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Funding a Franchise: Why Crowdfunding is Not Your Best Option


Crowdfunding has been a growing buzzword among entrepreneurs for several years. In fact, platforms like Kickstarter continue to gain media attention — especially with recent successes such as the Reading Rainbow campaign that quickly went viral. With all the hype around such hugely successfully campaigns that have raised millions of dollars in a short amount of time, it’s worth asking the question: Is it right for franchisees? Lending experts do not recommend using crowdfunding to finance a...

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Clients in the News: Roundup

Our amazing clients are making news all over the country! Read what some of them are doing: David Shahin of Flow Components and Equipment Supply featured in Fox Business News article on How to Reinvest Your 401(k) to Buy a Business. Neat story and so inspiring that he is hiring and supporting our veterans! Read article Glory Gallucci, Franchisee, Any Lab Test Now interviewed for Huffington Post, Women in Business. Features terrific insights on being a woman entrepreneur, and why it's important to...

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SBA Changes Definition of “Small Business”

Starting July 14, the Small Business Administration’s (SBA) new size standards will go into effect, expanding the number of companies defined as a “small business” by approximately 8,500, according to The Washington Post, and making them eligible for SBA financing. The changes adjust for inflation — the first such adjustment since 2008 — and vary by industry, with some being considered small businesses based on total assets or revenue and others on the number of employees. Fortunately for...

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Franchising World - Benetrends and St. Gregory Development Group

Benetrends + St. Gregory

Let us know what you think of our new ad in the June issue of Franchising World. Thank you to St. Gregory for partnering with us! Franchising World June Cover Benetrends + St. Gregory

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Prepare to Grow Your Business: 5 Things You Can Do This Week

Growing your business can be a time-consuming process, but here are five steps you can take this week to put yourself on the track to expansion.  Monday: Analyze Your Current Situation Spend some time analyzing where your business is now. This can include reviewing your bottom-line profit over the last several years, as well as looking into the future to ensure your business will continue to produce the revenue you need to sustain growth. Think about where you want to be in three years. Tuesday:...

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Has Lending Improved?

During National Small Business Week last week, many entrepreneurs and media across the country were discussing the state of small business ownership and growth. According to The White House, the country’s 28 million small businesses are responsible for nearly two-thirds of all jobs. At the end of 2013, franchises accounted for more than 757,000 of the nation’s small businesses and are expected to grow by 1.7 percent in 2014, the IFA reported in its Franchise Business Outlook. Employment in franchise...

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ROBS Provide Value to Aspiring Business Owners

Using retirement funds to purchase a franchise can be valuable to business owners looking for a way to fund their growth, but it’s critical to understand which transactions the Internal Revenue Service (IRS) allows and which it does not. Because of two recent U.S. Tax Court cases, Peek v. Commissioner and Ellis v. Commissioner, funding a business through individual retirement accounts has been scrutinized more closely by the IRS. However, many have been confusing a popular way to fund a franchise...

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