Benetrends is the pioneer in Rollover as Business Startups (ROBS), offering their services since 1983. They offer business financing through your 401(k) and offer help during the entire process. We compiled available Benetrends reviews from around the web to determine what Benetrends customers think about the company.
Benetrends Customer Reviews
Summary of Benetrends Reviews
We looked around the web and found that Benetrends has mixed ratings. Here’s what we found:
What Benetrends does well:
Benetrends offers the most flexible options for how your 401(k) will be used. They also allow for changes over the course of your contract, making sure that you will always get exactly what you need.
What Benetrends does not do well:
Transparency among their sales agents may not be Benetrends’ strong suit, with plenty of misunderstandings occurring during the sales period causing complaints post approval.
Most Helpful Positive User Review
Many of the positive reviewers raved about how straightforward and detail oriented the customer service is. One of them was referred to the company by others, and said they now refer those who want to franchise from them to Benetrends as well.
Most Helpful Negative User Review
Two of the negative reviews from Yelp called Benetrends a scam. One of them talked about being “lured” into a failing franchise, and then mentioned a friend who lost all their money to a business and even got audited by the IRS. They spent a fortune and no help was offered from Benetrends even when it was promised.
Benetrends Pricing and Fees
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1600+ (60% franchises)
Pricing Review for Aspiring and Current Small Business Owners
Benetrends is the pioneer in ROBS services, which gives them the advantage of experience. Their rates may seem high, but they are also the only ones who have very flexible terms, enabling you to choose from a variety of financing options: from profit sharing, to SBA loans and more.
It is also worth noting that Benetrends allows their clients to cancel as long as they do so with a 30-day notice. Their service will stop upon submission, and billing will completely stop as soon as the 30 days are up.