When it comes to small business financing options, it’s usually traditional funding methods that come to mind: working capital loans, SBA loans, business lines of credit, etc. But did you know an alternative option exists that’s allowed thousands of entrepreneurs to launch businesses debt-free? It’s called a Rollover for Business Start-up (ROBS), and it enables you to leverage your own retirement assets to buy a business without having to pay any tax penalties or get a loan.
The ROBS arrangement was made possible by the Employee Retirement Income Security Act (ERISA) of 1974 and has since made the dream of business ownership a reality for many. Here are some of the key benefits of using retirement funds to invest in a business:
Just like any investment, using retirement assets to start a business can carry some risk, but for many, the ability to own a business and control their own future outweighs any downfall. Want to see if you qualify? Get your business financing quote now.
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