[general] Blog Posts

 

Funding a Franchise: Why Crowdfunding is Not Your Best Option

Funding a Franchise: Why Crowdfunding is Not Your Best Option

By: Dallas Kerley, Chief Development Officer, Benetrends

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?

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| Author Benetrends, tagged in 401(k), Entrepreneurs, 401k/IRA business funding, franchise, franchise financing, franchise funding, General, SBA, sba business, Benetrends, business start up loans, business startup, entrepreneur, financing for business, financing startup business, franchise loan
 

Formal Introduction Of Single Source Funding Enthusiastically Received By Franchisors Of All Sizes 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 todays tight credit market.

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| Author Benetrends, tagged in 401k small business financing, franchise business financing, General, loan for startup business, loans for small business, 401k business financing, business loan online, business start up loans, financing for business, financing startup business, franchise loan
 

Financing Strategies for Multi-Unit Operators

When looking to open a franchise, many times the franchisor wants the franchisee to commit to multiple units. The most common scenario is the desire for a “three-pack” over a two to three year window. Funding multi-unit development may have been difficult in the past, but since the credit crisis in 2008, financing a multi-unit strategy is even more challenging than ever. 

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| Author Benetrends, tagged in research, General, IRA or 401(k), capital injection, equity injection, multi-unit funding strategy, multi-unit goals
 

Dan Dennis Named Small Business Person Of The Year

Dan Dennis, President of Dennis Corporation, was recently named the 2011 South Carolina Small Business Person of the year by the SBA and received his award from Karen Mills, Small Business Association Administrator.

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| Author Benetrends, tagged in franchise financing, General, loan for startup business, loans for small business, online business financing, sba business loa, 401k business funding, business loan online, business start up loans, financing for business, financing startup business, franchise loan
 

Benetrends Rainmaker Plan - 401(k)/IRA Business Funding

Embrace the rain with the Benetrends Rainmaker Plan as your umbrella.


We know you understand the benefits of opening your own business. But what are the benefits of using the Rainmaker Plan to fund your new business? They’re simple and clear.

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| Author Benetrends, tagged in 401k/IRA business funding, alternative ways to finance, General, rainmaker plan, Small Business Owners, Company
 

Benetrends Celebrates its 30th Anniversary

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| Author Benetrends, tagged in Entrepreneurs, General, Benetrends Celebrates its 30th Anniversary, Company Video
 

Benetrends Appoints Wendy Skemer As Senior Consultant

Benetrends Welcomes Wendy Skemer as a Senior Sales Consultants.


We are thrilled to add a sales professional with Wendy’s knowledge of the industry to our team. Her experience will be an immediate value to us given the market demand for our lending products. We continue to make significant hires and bolster our service platform and are thrilled to have exceptional professionals like Wendy on board.

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| Author Benetrends, tagged in General, Senior Sales Consultant, Benetrends, Company
 

Benetrends Appoints Rocco Fiorentino, CFE as CEO

Benetrends, a trusted leader in Franchise and small business financing for over 30 years, announces the appointment of Rocco Fiorentino, CFE as Chief Executive Officer. Mr. Fiorentino brings more than 25 years of Franchise Industry experience to his new role.

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| Author Benetrends, tagged in General, Rocco Fiorentino, Benetrends, CEO, franchisors, International Franchise Association, small business financing
 

Benefits of Merchant Cash Advance

Benetrends provides working capital to help you run your business, whether expanding your business or purchasing inventory - you can use the money for any business purpose.

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| Author Benetrends, tagged in General, Benefits of Merchant Cash Advance, Benetrends, credit card sales
 

Assessing the Impact of Health Care Reform on New Businesses

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| Author Benetrends, tagged in General, group health plans, self-employed, small businesses, Benetrends, Health Care Reform, health insurance coverage, Insurance, New Businesses
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