North Wales, PA (PRWEB) October 10, 2013
According to an IFA study, demand for franchise funding has surged in 2013, up 10.6 percent over 2012. The IFA has launched a small business lending initiative to support the franchise model as well as provide tools for members to help accelerate the loan process. Benetrends, a strategic partner and member of the IFA, is trusted leader in franchise funding, offering several funding programs within the franchise industry.
“The IFA is committed to continue providing resources for our members to help them grow in an ever changing business environment. Partnerships with companies like Benetrends is an important part of that commitment,” said Steve Caldeira, President of the IFA.
“We have helped over 10,000 entrepreneurs purchase their franchise with 401(k)/IRA Business Funding. This program allows an individual to use their retirement savings to purchase their franchise, tax deferred and penalty free, all without incurring any debt, or the need for loan payments,” said Rocco Fiorentino, President and Chief Executive Officer of Benetrends. “That’s $4 Billion in retirement assets invested in America’s small businesses and over 85,000 jobs created.”
Benetrends is the authority in franchise and small business funding, and is acclaimed for its Rainmaker Plan that enables entrepreneurs to use their qualified retirement plan to purchase, or recapitalize a business or franchise, tax deferred and penalty free. Benetrends originated 401(k)/IRA rollover funding helping over 10,000 entrepreneurs in the last 30 years. Benetrends provides a comprehensive suite of small business solutions including SBA Loans, Securities Backed Lines of Credit, Equipment Leasing, Commercial Insurance, Individual and Group Health Insurance, Payroll Services and more. To learn more about Benetrends, please visit us at http://www.benetrends.com.
About the International Franchise Association
The International Franchise Association is the world's oldest and largest organization representing franchising worldwide. Celebrating over 50 years of excellence, education and advocacy, IFA works through its government relations and public policy, media relations and educational programs to protect, enhance and promote franchising. Through its media awareness campaign highlighting the theme, Franchising: Building Local Businesses, One Opportunity at a Time, IFA promotes the economic impact of the more than 825,000 franchise establishments, which support nearly 18 million jobs and $2.1 trillion of economic output for the U.S. economy. IFA members include franchise companies in over 300 different business format categories, individual franchisees and companies that support the industry in marketing, law and business development.