Benetrends Named a 2014 Future 50 Award Winner by Philadelphia SmartCEO
Leader in Franchise Funding Recently Announced $100 Million Fund to Drive Franchise Expansion
NORTH WALES, Pa. - Jan. 23, 2014 // PRNewswire // - Benetrends, the trusted leader in franchise funding, has been recognized by Philadelphia SmartCEO as a 2014 Future 50 award winner. This program recognizes 50 fast-growth, mid-sized companies in the region, five large Blue Chip companies and five small Emerging Growth companies that have experienced outsized growth based on a combined three-year average of increased revenue and employee count.
"Benetrends is honored to be recognized as a leading small business and one that helps fuel the growth of other small businesses in the Philadelphia region, especially during hard economic times," said Rocco Fiorentino, president & CEO, Benetrends, Inc. "As the leader in franchise and small business funding, we have helped more than 10,000 entrepreneurs in the last 30 years and we look forward to continuing to serve small business owners across the country."
The 2014 Future 50 winners, which collectively generate $3.2 billion in annual revenue and employ 10,412 people in Greater Philadelphia, were featured in the 2014 January/February issue of Philadelphia SmartCEO magazine and recognized at an awards ceremony on Jan. 16, 2014.
Benetrends recently announced the creation of a new proprietary $100 million franchise financing program to help International Franchise Association franchisor members provide qualified candidates with direct access to capital for new store development. Hand & Stone, a rapidly growing spa franchise, is the first franchisor selected by Benetrends to participate in the new fund, and has been provided $10 million in initial capital to assist with its franchise growth.
In addition to the new franchise financing program, Benetrends also offers a full suite of funding options to help entrepreneurs secure the capital needed for their small business or franchise. The company originated the 401(k)/IRA tax-deferred and penalty-free rollover process more than 30 years ago and has created more than 85,000 jobs with $4 billion in retirement assets invested in America's small businesses. Additionally, Benetrends features a wide range of loan options covering every type of business need, including SBA loans, equipment leasing, merchant cash advances, securities-backed lines of credit, and more.
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 Healthcare, Payroll Services and more. To learn more about Benetrends, please visit www.benetrends.com.
SmartCEO's mission is to educate and inspire the business community through its award-winning magazine, connections at C-level events and access to valuable online resources. SmartCEO's integrated media platforms reach decision makers in the Baltimore, New York, Philadelphia and Washington, metropolitan areas.
Nearly 50,000 offensive-minded, growth-oriented CEOs turn to SmartCEO magazine to find ideas and inspiration to help them grow their businesses. Each issue includes behind-the-scenes looks at local success stories, columns written by key opinion leaders and other resources to help the region's middle-market CEOs conquer the daily challenges of running a business. SmartCEO magazine is published on a bimonthly basis with editions in four major markets: Baltimore SmartCEO, New York SmartCEO, Philadelphia SmartCEO and Washington SmartCEO.