This funding program is for business start-ups whether that be as a down payment to purchase an existing business or funds to start a business from scratch and to recapitalize existing businesses.  Many prospective business owners want to preserve their cash and/or they have a great idea or skills set but believe their lack of traditional savings is holding them back from realizing their dreams.

One popular funding option is to access traditional IRAs and even 401(k) funds (additional restrictions apply with 401(k) funds).  If you have retirement funds and you have not yet paid taxes on those funds, often you can use them towards the investment of a business. You are in control and you determine how much of your funds you would like to invest in your franchise or business.

How it works

If you have a 401(k)/IRA, your money is invested in one or more companies. You have the opportunity and right to roll over your retirement money and invest it into “your company” by buying stock in your new company, tax-deferred and penalty-free, and potentially start your company debt-free.  Business Loan Partners can quickly pre-qualify you for these funds and then find the appropriate tax and legal experts to walk you thru the process.  Some of the key benefits include:

• Secure funding FAST – typically 3-4 weeks
• Gain business equity and improved cash flow position from start
• Accelerate business profitability by managing the amount of debt your new business takes on
• Set aside tax deductible retirement savings, up to $60,000 per year
• Tax deferred Exit Strategy Program when it comes time to sell your business
• Optimize business equity and value

Opportunities

Perhaps the greatest opportunity with this funding solution is that you are not taking on debt.  Therefore you have no interest to pay and the money you obtain can be used as a down payment for other forms of borrowing such as an SBA loan.  With SBA down payment requirements as low as 10% you can purchase a sizeable business even if you have limited funds.  Often prospective business owners looking to purchase a Franchise will choose an IRA Rollover funding solution but you can buy a non-franchise business just as easily.

Precautions

This solution ultimately relies on very specific legal and accounting expertise.  Business Loan Partners strongly recommends that you don’t attempt to fund your business using this strategy without the right advice.  Some business owners assume their own accountant can set this up for them but unfortunately that is not the case.  Nevertheless your own accountant will be involved in the process.  Business Loan Partners along with you, your accountant and our third party provider will work together to ensure that everyone is very comfortable with the process.

Fees

This is the only product that Business Loan Partners provides to its clients and never requests a fee from you the prospective borrower.  We do this for 2 reasons, first the process on our part is frankly simple and we can often pre-qualify you via a quick phone call or a couple questions via email.  Then it’s largely a matter of introductions and answering questions along the way.  The second reason we offer this particular service without charging you a fee is because if you get funds in this manner it makes it much easier for Business Loan Partners to get you approved for any other traditional loan – you will have become a well-capitalized borrower.  Therefore we hope you will look to us for other financing needs you may have, but you are under no obligation to take advantage of this free service.