[general] Blog Posts

 

A Veterans Day Message -3 tips for Veterans interested in starting their own business

With respect for and in recognition of the contributions our service members have made to the cause of peace and freedom around the world, the Congress has provided that November 11 of each year shall be set aside as a legal public holiday to honor our Nations Veterans. However, this year, Veterans Day is observed on Monday, November 12, 2012.

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| Author Benetrends, tagged in General, Patriot Express loan, Benetrends, SBA lending program, start-up business loans, veterans, VetFran
 

5 Tips To Improve Your Credit Score Now For Better Business Loans

Credit scores, including credit history, are one of the primary factors in obtaining the best SBA loan offers and terms. Every small business can benefit from tips to improve credit scores.

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| Author Benetrends, tagged in General, Benetrends, Business credit, credit history, Credit scores, sba loan
 

401(k) OR A PROFIT SHARING PLAN

Should I choose a 401(k) or Profit Sharing Plan

 

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| Author Benetrends, tagged in 401(k), FICA, General, Medicare taxes, Profit Sharing Plan, 401(k) contributions, Benetrends, employee contributions, new business
 

2013 Cost-Of-Living Adjustments

The Cost of Living Adjustment, or COLA, is pretty much what its name implies -- its the adjustment made to make sure your income stays current with the cost of living. The Internal Revenue Service announced cost-of-living adjustments affecting dollar limitations for pensions plans and other retirement-related items for tax year 2013. In general, many of the pension plan limitations will change for 2013 because the increase in the cost-of-living index.

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| Author Benetrends, tagged in 401(k) rollovers, General, retirement planning, Small Business Owners, Benetrends, business, Consumer Price Index, cost-of-living index, Internal Revenue Service, Len Fischer
 

The Small Loan Advantage Program

 The SLA program is a delivery vehicle for SBA guaranteed term loans. In June 2012, the SBA revised portions of the SLA program making the application process even easier, expanding the number of qualified lenders and increasing the loan cap from $250,000 to $350,000. Pre-screening tools and streamlined documentation enable lenders to offer faster and more cost-effective SBA 7(a) loans to business borrowers.

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| Author Benetrends, tagged in sba loans, General, SBA 7(a) loans, Small Business Owners, Small Loan Advantage, Benetrends, SBA Specialists, U.S. Small Business Administration
 

The Entrepreneurship Story of Benetrends President/CEO

Benetrends President/CEO Rocco Fiorentino knows what its like to be an entrepreneur and franchise owner. His unique story and perspective on how (and why) he started on his path to entrepreneurship at a young age was featured in a recent interview with Executive Leaders Radio.

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| Author Benetrends, tagged in Entrepreneurs, franchise, General, Rocco Fiorentino, Small Business Owners, Benetrends, Company, entrepreneur, leadership, small business
 

The Demand for Franchise Funding is Up and Banks Will Increase Lending by 10%

According to the study, which was prepared by FRANdata for the International Franchise Association, the demand for franchise funding is up 10.6 percent. The International Franchise Association has made access to capital a priority issue. FRANdata, shows that in 2013, new and existing franchise units will create or maintain over 8 million jobs and generate $106 billion of annual economic output to the American economy.

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| Author Benetrends, tagged in research, franchise funding, General, lending 2013, FRANdata, International Franchise Association
 

Tax Deferred Investing - How to use your tax deferred investments to start or purchase a business.

What is a tax-deferred investment?


With a tax-deferred investment, you pay federal income taxes when you take money out of the investment rather than during the time the money is invested. Any earnings your contributions produce while invested are also tax deferred. Think of it like this: the IRS is allowing you to grow your fun

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| Author Benetrends, tagged in General, tax deferred, tax deferred investment, tax penalty, tax strategy
 

Small BusinessTax Credit





Summary of the Family and Business Tax Cut Certainty Act of 2012


Businesses can enjoy a variety of tax credits. On August 2 Congress passed the Family and Business Tax Cut Certainty Act which extended some of the existing tax credits for small businesses. Listed below are some of the often-overlooked credits that may come in handy for reducing your tax liability:


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| Author Benetrends, tagged in 401(k), Family and Business Tax Cut Certainty Act, General, retirement plan startup, tax credit, startup expenses
 

SBA Loans Decreasing AND Increasing?

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, its actually $1 billion less than the previous year, and the third straight year of decline.

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| Author Benetrends, tagged in sba loans, General, SBA, sba loan, small business, small business loans
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