Leaving your current situation and undertaking a new entrepreneurial project can be intimidating, especially if you’re dealing with the banks alone. Banks are extremely careful about approving small business start-up loans. Benetrends will advise you about the proper steps to obtain these start-up loans and provide you with a clear understanding of the financial steps necessary to undertake a new business venture. While start-up loans may be considered high-risk, we understand the importance they carry for the creation of new businesses – and we make the process both easy to understand and worry-free for you.
Start-up business loans may be obtained from a number of different sources, most commonly from private banks or government-sponsored programs for new businesses. It is always important to remember that start-up business loans tend to be competitive in nature and obtained by following a series of processes dictated by the lending institution.
We aren’t just another place to get funding. Unlike your local bank, we work with several national and regional lenders to secure multiple offers so that you can choose the one with the best terms. Small business funding that puts you in charge? That’s just one of the ways Benetrends is different.
If possible, it is recommended to use start-up loans in conjunction with your retirement funds. Benetrends' strategy for investing funds from a qualified retirement plan into your own business can provide an equity injection when applying for a start-up loan. Lending institutions will note your own financial commitment to your business.
If you don’t have the necessary retirement funds to cover your financing, start-up loans may be needed.
Information provided by Benetrends Inc. is not intended to be used as legal or accounting advice, or as the sole basis for investment decisions, nor should it be construed as advice designed to meet the particular needs of an individual investor. Please seek the advice of legal or tax professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
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