Benetrends is a loan provider that offers entrepreneurs with wide funding solutions, such as Small Business Administration (SBA) loans, start-up loans, franchise loans, small business loans for women, securities-backed line of credit, and capital financing and equipment leasing. It also features the Rainmaker Plan, wherein lendees can use a portion of their retirement savings plan to acquire a Rollover as Business Startups (ROBS) loan. In this article, we shared its available pricing options. Pre-qualify now.
Summary of User Reviews
As of the date this article was written (09/22/18), there are no up-to-date user reviews of Benetrends online. If you are a past or current Benetrends customer, leave a review to help other business owners who are deciding whether or not to use the company.
Benetrends claims to be competitive when it comes to their fees. For their ROBS loan offering, they require an initial start-up fee of $4,995, as well as a monthly service fee of $130/month. Reach out and talk to Benetrends’ funding consultants to learn what your best business loan options are.
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1600+ (60% franchises)
Check out the list below of some of Benetrends’ features:
- Customized Start-up Business Loans
- Access to a Wide Range of Financial Solutions
- Strong Relationship with Banks and Lenders
- Available for New and Existing Businesses and Franchises
Helpful Lender Resources
Startup Business Loans 2018: The 12 Best Ways to Fund Your Startup — Read about several options for funding a startup. We’ll discuss everything from SBA loans to angel investors to Rollovers for Business Startups (ROBS).
Alternative Business Loans: 9 Alternative Financing Options for Small Businesses — Check out our article about alternative business loans and how you can choose the right financing solution for your business situation.
Top 5 Bad Credit Business Loan Options for 2018 — Learn about the alternative financing options you can turn to if you have bad credit (under 600) and can’t get a bank loan.
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 I can choose from?
None. Unlike other providers, Benetrends lets you create an option based on your business needs. Interested individuals are encouraged to talk to Benetrends’ funding experts to learn more about what fits your situation best.
Benetrends Overview Video
This video demonstrates how Benetrends can help you grow your business.