For Sale by Owner: Benefits of Seller Financing
Buying an existing business is a smart and relatively quick way to become an entrepreneur that comes with several advantages — an established client base, curated logo and branding, and potentially a brick-and-mortar store that’s already in place. Running any company requires the entrepreneurial spirit, but joining the game when things are already off the […]
What kind of business can I buy with Rollovers as Business Startups?
Funding a business with 401(k) business financing is a safe, legal and tax penalty-free way to access your retirement funds and achieve your career goals.
Small Business Financing Options for Veteran-owned Businesses
When you hear the phrase ‘small business owner,’ you might think of someone who inherited the family business, bootstrapped a tech company from their parent’s basement or possibly a baby boomer who launched a business as an encore career. Main Street America has many residents who fit all of these descriptions. But there’s another group […]
Everything You Need to Know About Your Small Business Credit Score
If you’re in the process of applying for a small business loan, something called “the SBSS score” has probably popped up in literature about credit screenings. So what is it? The FICO SBSS score (Small Business Scoring Service), simply put, is a credit score that, in addition to your personal FICO score, determines the risk […]
Small Business Success: Unsecured Business Loans
If you’re hoping to finance a new or existing business or franchise with a loan, but don’t want to risk personal collateral such as a home or boat, an unsecured business loan may be the right fit for you. To learn more, check out our newest Small Business Success video. Guidant CEO and Cofounder, David […]
Take 2 Steps to Get the Best Small Business Loan Rates
Is it time to realize your dream of being an entrepreneur? All over the country in towns just like yours, small businesses such as breweries, senior care centers, and pet grooming stations are popping up as fast as their owners can get space and funding. In fact, in 2015, approximately 24 percent of entrepreneurs were […]
Is an SBA Working Capital loan right for your small business?
SBA Loan Overview Many small business owners turn to Small Business Administration (SBA) loans to fund their ventures because they offer low-interest rates, favorable repayment terms, and no ballooning costs. There are several types of SBA loans, the two most popular being traditional 7(a) loans and Working Capital loans. Traditional SBA 7(a) loans can fund […]
Small Business Success: Portfolio Loans [Video]
If you have at least $85,000 in stocks, bonds, mutual funds or other eligible securities, you can borrow up to 80 percent against the value of your portfolio to fund your new business. Portfolio loans have many benefits — they’re a fast, low-cost approach to alternative business financing. Learn more about portfolio loans in our […]
What is a 401(k) Plan Restatement?
How does a 401(k) Plan Restatement Work? Safe Harbor 401(k) Plan Restatement What Happens if I Don’t Restate My 401(k) Plan? When Do I Need to Get My 401(k) Plan Restated? What Changes Are Part of the 2020-2022 Restatement Cycle? Every six years, the IRS requires defined contribution retirement plans (e.g., 401(k) plans) to be […]