Benetrends Named IFA’s Preferred Provider for IRA/401(k) Rollover Funding | News

The International Franchise Association (IFA) has named Benetrends as the association’s preferred provider for IRA/401(k) rollover financing solutions.

NORTH WALES, Pa., May 52022 /PRNewswire-PRWeb/ — International Franchise Association Approves as Sole Provider of Qualified Retirement Plan Funds

the International Franchise Association (IFA) named Benetendances as the association’s preferred provider for IRA/401(k) rollover financing solutions. Benetrends becomes the only industry trade group approved service provider for Rollover as Business Start-Up (ROBS) financing solutions. This financing strategy allows entrepreneurs to access retirement funds, tax-deferred and without penalty, in order to finance a franchise.

“We are delighted to accept IFA’s approval as a preferred provider of IRA/401(k) financing solutions,” said Rocco Fiorentino, CEO and Vice Chairman of the Board of Benetrends. “As the original architect of the ROBS financing solution, we look forward to educating franchisors and franchisees on the value propositions of this specialized financing option, enabling even more budding entrepreneurs to realize their dreams. of business ownership.”

Benetrends introduced the franchise industry to the ROBS financing option and, over the past four decades, has helped nearly 20,000 entrepreneurs finance the purchase of their own business. As a preferred ROBS provider, Benetrends intends to educate IFA members on the diversity of their funding options and support programs, including white label funding programs, tools for co-branded funding education, pre-qualification and lead capture tools.

Eric Schechterman, Benetrends’ Director of Development, will be responsible for leading the program’s educational initiatives. “It’s a great honor to be selected as one of IFA’s Preferred Vendors, but I’m truly excited for the opportunity to share our fundraising insights and knowledge with franchise brands and most influential executives in the industry. We intend to demonstrate how IRA/401(k) funding solutions can improve and streamline the sales development process, getting more candidates funded in less time.”

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About Benetrends:

Benetrends is the authority on franchise and small business financing and is acclaimed for its Rainmaker plan which allows entrepreneurs to use their qualified retirement plan to purchase or recapitalize a business or franchise, tax-deferred and without penalty. Benetrends is the originator of the 401(k)/IRA rollover funding nearly 20,000 entrepreneurs over the past 40 years. Benetrends offers a full suite of small business solutions, including SBA loans, securities-backed lines of credit, equipment leasing, commercial insurance, individual and group healthcare, payroll services, etc For more information, please visit Benetendances and connect on Facebook, Twitter, YouTube or LinkedIn.


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