A recent report from the U.S. General Accounting Office (GAO) reveals that a large number of lenders are failing to comply with a key requirement for Small Business Administration (SBA) loans. The issue is the lack of documentation of the "credit elsewhere"...
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Benetrends Blog
Exploring the State of American Small Businesses
The most recent report from the National Federation of Independent Businesses (NFIB) paints a clear picture of the state of small business in the United States. The report indicates that small business owners have a positive outlook on the nation’s economy and...
Need Business Equipment? Try a Lease vs. Buy Equipment Calculator
Small business owners often struggle to know whether to lease or buy business equipment. It’s a critical decision and one that is shaped greatly by access to capital and cash flow. When you need business equipment, try a lease vs. buy equipment calculator to help you...
How and When to Use Financial Projections Calculators
Business owners know the importance of accurate financial projections. Accurate information about your company’s financial position helps you make better decisions about strategy, investments, hiring, and operations. Small business financial projection calculators are...
Benetrends Receives 2019 Best of North Wales Award
NORTH WALES September 27, 2019 -- Benetrends Financial has been selected for the 2019 Best of North Wales Award in the Financial Consultant category by the North Wales Award Program. Each year, the North Wales Award Program identifies companies that we believe have...
Questions to Ask when Choosing a 401(k)/IRA Business Funding Company
So you've made the decision to purchase a business or franchise, and you think you'd like to fund it using your retirement plan? Congratulations! That's a wise choice for funding a business. You can secure funding fast, there are no loan payments, you can pay...
What Is Your Business Worth? How to Use a Business Valuation Calculator
Valuing your business is an important exercise that is necessary at many stages. What is your business worth? Knowing how to use a business valuation calculator is an excellent way to assess. When a Business Valuation Is Necessary There are many reasons...
How to Calculate the Break-Even Point for Your New Business
As a small business owner, you are keenly aware of the importance of having a clear sense of financial positioning. Understanding where you are financially helps you shape strategy, priorities, and operations. One of the most essential financial calculations you...
Business Plan Calculators: The Quick Guide
When starting your own business, you need every advantage you can leverage. One powerful set of tools to use when you are creating (or growing) your business is business calculators. With the right business calculators, you can make sense of the many numbers that hit...
The Corporate Transparency Act of 2019: What Small Business Owners Should Know
In June 2019, the U.S. House of Representatives’ Financial Services Committee approved legislation that could place an undue burden on the nation’s small businesses. The legislation is designed to provide heightened transparency of U.S.-owned companies. However,...