How Women-Owned Businesses Can Overcome the Investment Gap and Access Financing
Are you a woman ready to start her own small business? You can get $500 off small business financing with Guidant. Learn more now! Running a business is hard work no matter how you slice it, and if you need to secure outside capital to start or grow your business, it’s even harder — especially […]
Can I Withdraw from My 403(b) To Buy a Business?
Starting a business doesn’t have to be daunting with the right strategy for financing. If you have a 403(b) retirement account, the money required to purchase the business of your dreams could be right in front of you.
The Pros and Cons of ROBS (Rollovers for Business Start-ups)
Rollovers for Business Start-ups (ROBS) allows small business owners to use their 401(k) (or other pre-tax retirement funds) to start a business without incurring any tax penalties. If you’re considering this financing option, here’s everything you need to know about the benefits and drawbacks of 401(k) business financing.
How to Raise Money for a Business
As exciting as it is, starting a small business can get expensive. According to our annual Small Business Trends survey, 64 percent of small business owners spent up to $100,000 to acquire their dream business. Not many people have access to large amounts of cash to finance those kinds of purchases. That’s why financing options […]
Life Insurance for SBA Loans: Getting the Right Coverage
Before a bank approves your SBA loan, it is going to ask you for a life insurance policy. Getting the right coverage can be a headache — here’s our advice.
What Are ROBS Prohibited Transactions?
If you have funds set aside in a retirement account, chances are you’ve heard of prohibited transactions: the use of retirement funds for purposes that don’t meet the criteria set forth by the Internal Revenue Service (IRS). Prohibited transactions can leave you susceptible to pay hefty tax consequences.
How to Use Financing to Improve Your Business Credit Score
Almost every business owner, at one point or another, will need some extra funding to help make ends meet. It might come early in the life of their business, when they need help getting the business off the ground. Or it might come after many years, when an opportunity for expansion or need for renovation […]
Use ROBS For Cash on Hand While Searching for a Business
If you’re looking for a business to buy, it can help to have cash on hand. Why? Because the capital and cash flow issues involved in financing the purchase of a business can be significant enough to stop business owners from realizing their dreams or even cause a small business to fail down the road. […]
Is ROBS Legal? The Legality of 401(k) Business Financing
Hopeful small business owners are often surprised to learn they can avoid taking a loan or risking their home as collateral by using their retirement funds through Rollovers as Business Startups (ROBS). But are ROBS legal? Short answer – yes!