Unlocking the Path to Business Ownership: Finding the Perfect Candidate for Financing Solutions
At Benetrends Financial, we pride ourselves on empowering entrepreneurs and franchisors to reach new heights in their business ventures. Eager to further enhance our collaboration with esteemed brokers like you, we aim to shed light on the high-level qualifications of the ideal candidates who can benefit from our financing solutions. In this blog, consequently, we will delve into the specific criteria we seek in candidates for our various funding programs.
ROBS Funding
A Bridge to Business Ownership: Our ROBS (Rollover for Business Startups) funding program is uniquely designed for individuals with access to qualified retirement plans. Through this innovative approach, candidates can utilize their pre-tax retirement funds to kickstart their entrepreneurial dreams. Moreover, by partnering with Benetrends, candidates can gain valuable insights and guidance on navigating this exclusive funding option.
SBA Funding
Building on Strong Foundations: For candidates considering SBA (Small Business Administration) funding, we actively look for specific attributes that set the stage for a successful business venture. A minimum credit score of 680, for instance, is crucial, as it demonstrates financial responsibility and creditworthiness. Additionally, we value a clean financial history, free from bankruptcies or derogatory items, to ensure a strong foundation for their business.
Equipment/Fleet Financing
Fueling Mobile Concepts: When it comes to exploring mobile concepts on wheels, such as trailers, vans, trucks, and ancillary equipment, a specific set of qualifications is required. Candidates should, therefore, possess sufficient cash reserves to cover the franchise fee and a credit score of 680 or higher. At Benetrends, we firmly believe that such mobile concepts hold great promise and potential in the business landscape.
QuickStart Funding
Accelerating Success: Our QuickStart funding program specifically targets candidates with a robust credit profile, boasting a score of 750 or above. To qualify, candidates need a minimum of $50,000 in liquid assets and stable household income via W2 or 1099 earnings. Thus, QuickStart offers entrepreneurs a streamlined funding process, carving a path for swift business growth.
Conclusion
Empowering Entrepreneurs on the Path to Success: By diligently identifying the perfect candidate for each funding program, we can provide tailored financing solutions that align with their unique goals and aspirations. At Benetrends Financial, we strive to be the strategic partner that unlocks the potential of aspiring business owners across the nation. Regardless of whether it’s ROBS, SBA, Equipment/Fleet Financing, or QuickStart, our dedicated team is ready to assist candidates in achieving their dreams of business ownership.
Remember, success begins with the right candidate, and our team is here to guide them every step of the way. Collectively, we can create success stories that impact communities, drive economic growth, and inspire future entrepreneurs.
For more information on our financing solutions and how we support entrepreneurs, please visit our website at www.benetrends.com
Let’s build a brighter future for business owners, one promising candidate at a time.