a rainforest

Unless you’ve been on a 12-month sabbatical enjoying life as a resident of some faraway rain forest, you know what’s been going on as of late with franchise financing.

It’s been a little hard to get.

That is until Benetrends showed up.

The company, a leading company  in franchise funding, just announced the creation of a proprietary new $100 million franchise financing program. This 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.

From The Hand & Stone Franchise Website:

*Hand and Stone is Expanding Nationwide With Locations already in AZ, CA, CO, FL, MO, NY, NJ, NC, OR, PA, WA, WI and Canada. There are still great areas left for development and it’s no wonder Hand and Stone is experiencing its most rapid growth now while other franchise systems have contracted.

New $100 Million Franchise Financing Program Additions

More franchisors and franchisees will be added to this new franchise financing program this year.

The Franchisors and franchisees that will be selected will 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

Are you looking to buy a franchise?

Benetrends offers several franchise financing programs.

Check them out here.