New Agreement Provides World of Beer Franchisees with Better Access to Capital through Benetrends Proprietary Financing Program
North Wales, Pa.(January 20, 2015)– Benetrends Financial, the trusted leader in small business and franchise funding, announced today that World of Beer Franchising, Inc, one of the nation’s fastest-growing tavern franchises, has secured $25 million in funding through its franchise financing program. Under the partnership agreement, Benetrends will provide qualified candidates with direct access to capital to help expand the brand's presence in new and existing markets.
This strategic alliance with Benetrends' proprietary franchise funding program will significantly benefit our franchisee owners and prospects, giving them access to millions in capital through a simplified application process that gets them up and running faster,” said Paul Avery, President and CEO at World of Beer Franchising, Inc. “We expect this key infusion of capital will continue to fuel our franchise growth as we build upon our success and franchise partnerships in the year ahead."
"World of Beer's phenomenal performance, coupled with its reputation as a highly regarded and unique concept, presented a natural fit for our proprietary franchise funding program," explained Rocco Fiorentino, president & CEO, Benetrends Financial. “We are committed to empowering growth in the franchise community by partnering with the most enterprising brands in the franchise world today, like World of Beer.”
Benetrends’ proprietary franchise fund was created at the beginning of 2014 to help International Franchise Association franchisor members provide qualified candidates with direct access to capital. Franchisors and franchisees selected to participate in the program benefit from:
- Direct access to capital
- Simplified qualification process
- Dedicated loan officer from application to closing
- Loan proposals within 2 business days of receiving initial application
- Loan commitments within 10 business days of receiving loan package
- Consistent communication with lender and single point of contact
- Access to experienced PLP SBA lenders
About Benetrends Financial
Benetrends Financial, named a 2014 Future 50 winner byPhiladelphia SmartCEO, offers a full suite of funding options to help entrepreneurs secure the capital needed for their small business or franchise. The company originated the 401(k)/IRA tax-deferred and penalty-free rollover process with its Rainmaker Plan,helping over 10,000 entrepreneurs in the last 30 years. Additionally, Benetrends features a wide range of loan options covering every type of business need, including SBA loans, equipment leasing, securities-backed lines of credit, and more. To learn more about Benetrends, please visitwww.benetrends.com.
About World of Beer Franchising: World of Beer (WOB) is an uncommon establishment where the experience is as essential as the product. Centered on a diverse selection of local and global craft beers, delicious “tavern fare” and live music, WOB offers the best craft variety on the planet to the beer aficionado and casual beer fan alike. Taverns are currently open in 20 states including AL, AZ, CO, CT, FL, GA, IL, LA, MD, MI, NC, NJ, NY, OH, SC, TN, TX, VA, WA, and WI and will be opening soon in IN, KY, MA, MN, OK, and PA. Visit www.wobusa.com.
For more information, visithttp://worldofbeer.com/.
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