There are many types of funding options available so you can fulfill your dream of owning your own business. You have options other than the traditional forms of small business financing either using the SBA program or funding through a commercial program.
The options include rolling over your IRA, 401(k), SEP, 403(b) or other retirement accounts into a business or franchise without penalties. Many business owners have taken advantage of their retirement funds to use as the capital required for their business. This can be done either in whole or in part. Joining millions of business owners, you are investing in your future.
Considering current Wall Street conditions, this is a rewarding option with more of your own control for investing in your retirement. Using your retirement as capital is also an accepted method for the required initial injection that an SBA program requires. In effect, investing your retirement is an investment in your business venture and your future ‾ you are in control of your destiny, not Wall Street!
Using your 401(k) or IRA for the capital investment needed to fund your business is not a new concept. Securing the funding can typically take place in 3-weeks or less.
