401K | SBA 7 (a) Loans| Unsecured Loans

IRA/401(K) Business Financing

Tax-friendly way for entrepreneurs to tap their 401(K) accounts

IRA/401K Rollovers for Business Start-ups allow entrepreneurs to invest their eligible retirement funds into a franchise business - without taking a taxable distribution and avoiding early distribution penalties. Unlike an SBA loan, funds become available within 2-3 weeks.

Most plans qualify: 401(k), 403(b), Traditional IRA, Keogh, TSP, SEP

Is it legal? - Absolutely. The Employee Retirement Income Security Act of 1974 (ERISA) passed the responsibility of retirement saving from the employer to the employee

Forget the unpredictability of the stock market – when you invest in yourself, you’re the one who controls the return on that investment.

Is it legal? - Absolutely. The Employee Retirement Income Security Act of 1974 (ERISA) passed the responsibility of retirement saving from the employer to the employee Forget the unpredictability of the stock market – when you invest in yourself, you’re the one who controls the return on that investment.

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Please make sure to check "Yes, I am interested in franchise financing and the possibility of leveraging my 401k to start a business." under Investment and Financing!


SBA 7(a) Loans

Many small business owners rely on loans from the Small Business Administration to fund their ventures. SBA loans offer several benefits for entrepreneurs, including low interest rates, long repayment terms and no ballooning costs, so you can focus on what’s really important: building your business.

The most common type of SBA loan, the SBA 7(a) loan offers up to $5 million to get your business up and running. Whether the funds are for a start-up, acquisition or expansion, a 7(a) loan can help you reach your small business financing needs.

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Unsecured Loans

Unsecured loans can provide up to $150,000 in small business financing without personal collateral required from the business owner. What’s more, the funding process is fast — most deals close within three weeks or less.

Unsecured loans can be thought of as a small business credit card. They consist of multiple, revolving lines of credit, available from $25,000 – $150,000. The funds can be used for working capital, marketing, payroll, franchise fees, equipment, or for that extra cushion should the need ever arise. There are no use of proceeds requirements.

Rather than relying on collateral to secure the loan, lenders look at the borrower’s creditworthiness to determine eligibility, making those with high credit scores and a solid credit history the best candidates for these small business lines of credit. Because no collateral is required, interest rates for unsecured loans are usually higher compared to SBA loans or other forms of small business financing.

To qualify for an unsecured loan, here’s what you’ll need:

  • 690+ credit score
  • Credit utilization rate below 50 percent
  • Minimal credit inquiries (no more than two per bureau in the last six months)
  • No recent derogatory comments on credit report (bill collectors, late payments, tax liens or judgments, etc.)

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