Benetrends Announces New $100 Million Fund to Fuel Franchise Growth

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- Hand & Stone Secures $10 Million in Initial Funding to Drive its Expansion Across U.S. –

Benetrends, the trusted leader in franchise funding, recently announced the creation of a new proprietary $100 million franchise financing program. The new lending program was created 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. Hand & Stone has been provided $10 million in initial capital to assist with its franchise growth.

“Benetrends is excited to now provide franchisors and their franchisees access to the critical funding needed to expand their current operations or purchase their first franchise,” said Rocco Fiorentino, president and CEO, Benetrends, Inc. “We’re pleased to award Hand & Stone the first $10 million from the new fund as they look to meet their future development needs following their record-setting growth in 2013.”

Franchisors and franchisees selected to participate in the program benefit from:

  • Direct access to capital
  • Simplified qualification process
  • Dedicated loan officer from application to closing
  • Loan proposals within 48 hours of receiving initial application
  • Loan commitments within 10 business days of receiving loan package
  • Consistent communication with lender and single point of contact
  • Experienced PLP SBA lender

For more information:

Website: www.benetrends.com.