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.
Sometimes it’s easy to get caught up in the day-to-day activity of your business that…
Can you believe we’re already in April? The year is passing by and we want…
Congrats! You’re starting a business to serve the people in your local community. How exciting!…
You’ve spent years working in construction managing projects and dealing with clients for former bosses.…
When selecting a payment processor for your nonprofit organization, you may be tempted to opt…
Data breaches and cybersecurity threats can threaten the security and privacy of a small business.…