WASHINGTON, D.C., May 3, 2022 – The International Franchise Association (IFA) today named Benetrends as its preferred vendor for IRA/401(k) rollover financing solutions. The Rainmaker Plan® allows for funding a business with a 401(k)/IRA loan, or a Rollover-as-Business-Startup, without loan payments or interest, allowing potential business owners to use money put aside for retirement to invest in a new business.
“IFA is pleased to announce this new partnership with Benetrends, who have shown their longtime support not only for the association but for franchising as a whole,” said Matthew Haller, President and CEO of IFA. “Funding solutions are one of the most critical aspects of starting a business, and since it first introduced Rollover-as-Business Startup funding to the franchise industry, Benetrends has been a leader in helping aspiring entrepreneurs find an affordable way to achieve their dreams.”
Founded by Len Fischer, Benetrends was the original architect in 401(k)/IRA retirement funding for the franchising sector. Its innovative Rainmaker Plan® has helped “entrepreneurs maximize the benefits of their retirement plans with the most compliant and efficient setup for building optimal wealth as a small business owner.”
“Franchising provides entrepreneurial opportunities to so many individuals who would not have them otherwise,” said Rocco Fiorentino, CFE, Benetrends Vice Chairman of the Board. “We are proud of the product we have been able to provide at Benetrends for over 40 years, giving a means for more than 17,000 entrepreneurs to achieve their dreams of business ownership and continuing creating jobs and prosperity.”
More information on Benetrends IRA/401(k) funding solutions is available here: https://www.benetrends.com/ira-401k-financing/
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Celebrating over 60 years of excellence, education, and advocacy, the International Franchise Association (IFA) is the world’s oldest and largest organization representing franchising worldwide. IFA works through its government relations and public policy, media relations, and educational programs to protect, enhance and promote franchising and the approximately 775,000 franchise establishments that support nearly 8.2 million direct jobs, $787.7 billion of economic output for the U.S. economy, and almost 3 percent of the Gross Domestic Product (GDP). IFA members include franchise companies in over 300 different business format categories, individual franchisees, and companies that support the industry in marketing, law, technology, and business development.