Benetrends is a loan provider for Small Business Administration (SBA), startups, franchises, and more. Its Rainmaker Plan allows lendees to use a portion of their retirement savings plan to acquire a Rollover as Business Startups (ROBS) loan. In this article, we cover Benetrends reviews and pricing. Ready to get started? Pre-qualify now.
Summary of Benetrends Reviews
As of the date this article was written (February 25, 2019), there are no recent Benetrends reviews online. If you are a past or current Benetrends customer, leave a review to help other small business owners who are deciding whether or not to use the service.
Benetrends claims to be competitive when it comes to their fees. For their ROBS loan offering, they require an initial startup fee of $4,995, as well as a monthly service fee of $130 per month. Reach out and talk to the company’s funding consultants to learn more about Benetrends’ pricing details.
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Ready to get started with Benetrends? Pre-qualify now.
Top Lender Pick From Fit Small Business
7 Best Rollover for Business Startups (ROBS) Providers 2019 – A rollover for business startups (ROBS) is a financing solution that lets you start or purchase a business with your retirement savings without paying early withdrawal fees or tax penalties. These transactions are difficult and confusing, which is why we recommend using an experienced ROBS provider. In this article, we compared the best ROBS providers for startups.
Check out the list below of some of Benetrends’ features:
- Customized startup business loans
- Access to a wide range of financial solutions
- Strong relationship with banks and lenders
- Available for new and existing businesses and franchises
Is Benetrends legal?
Yes. The Employee Retirement Income Security Act of 1974 (ERISA) and Internal Revenue Code include provisions that permit interested individuals to use their retirement funds to invest in their own business. Complete requirements need to be submitted in order to remain in compliance.
Are there different types of pre-made plans users can choose from?
None. Unlike other providers, Benetrends lets its clients create an option based on their business needs. Interested individuals are encouraged to talk to Benetrends’ funding experts to learn more about what fits your situation best.
Does Benetrends outsource or use any subcontractors for their retirement plan services?
Benetrends has a full in-house team of industry-certified professionals and does not utilize subcontractors or outsource its retirement plan services.