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Guidant Financial Articles

Leveraging Retirement Funds as an Alternative to Small Business Financing

March 02, 2015 by Guidant Financial

As the economy improves and small business optimism continues to inch toward pre-recession levels, many are taking advantage of the idyllic environment to enter the world of entrepreneurship. But despite the recent economical enhancements, gaining access to capital for startups still presents challenges, with small business loans under $1 million dragging 17 percent behind pre-2008 heights. The obstacles in obtaining small business loans have paved the way for alternative methods of financing to gain traction, one of them being Rollovers…

Your Small Business Financing Timeline

February 20, 2015 by Guidant Financial

They say timing is everything, and nowhere is that phrase truer than in the world of small business — especially when it comes to business financing. If you’re relying on some type of funding to get your business off the ground, your opening date is completely dependent on when you’re able to secure start-up capital. So before you commit to a deadline, make sure your expectations are realistic by understanding the small business financing timeline. Below is a graph showing the…

2015 Business Financing Outlook

February 11, 2015 by Guidant Financial

Guidant’s 2015 Business Financing Outlook Our Co-founder and CEO David Nilssen recently hosted a webinar in which he gave an overview of the 2014 small business financing landscape and unveiled his predictions for 2015. Click the next arrow on the slide above to see what he had to say, in his own words.

Rollovers as Business Start-ups vs. Self-directed IRAs

February 05, 2015 by Guidant Financial

If you search the Internet for ways to invest an IRA or 401(k) into a small business or franchise, you’ll find two arrangements that can make it possible: Self-directed IRAs Rollovers as Business Start-ups (ROBS) Both allow for an individual to invest up to 100 percent of their existing retirement assets into a business or franchise – but – under very different circumstances. Self-directed IRAs Self-directed IRAs are passive investment vehicles. Under Internal Revenue Code 4975 (c)(1)(A-F) — also known…

Cost Analysis: Which business financing option is right for you?

January 21, 2015 by Guidant Financial

If you’re starting a small business, one of the first lessons you’ll learn is that it takes money to make money. A business is an investment, and if you hope to generate a profit, you’ll have to deploy capital (whether big or small) upfront to get your venture off the ground. There are a variety of funding options to help entrepreneurs secure their capital needs, from 401(k) business financing (also known as Rollovers for Business Start-ups) to portfolio loans. But…

Increase Cash Flow with Combined Business Financing

January 08, 2015 by Guidant Financial

When it comes to small business financing, many mistakenly believe it’s a “pick one and done” kind of deal. However, in many cases, using multiple methods to reach your desired capital amount is possible and preferable. Not only can mixing and matching create a customized financing plan that’s perfectly molded to your needs, but it can save you money. One of the most beneficial ways to combine financing methods is to use 401(k) business financing (formally called Rollovers as Business…

The Entrepreneur’s Checklist

December 30, 2014 by Guidant Financial

Starting a business is no easy task. After you’ve resolved to leap into entrepreneurship, a slew of other decisions await you. What type of business will you start? Where will it be located? When will you hire employees? How will you finance the venture? To help make the journey to entrepreneurship a little more palatable, here are three of the most important first steps you should take: Step 1: Pre-qualify for small business financing. Buying a business is similar to…

Unsecured Loans: Obtaining Small Business Financing Without Collateral

December 01, 2014 by Guidant Financial

When applying for small business financing, personal collateral usually comes with the territory. Lenders look for some type of possession to back the loan in case of default, like your property, car, home, etc. But risking your own assets can be worrisome, especially when you’re investing in a new venture. For business owners seeking financing without risking collateral, unsecured loans can be a good option. Similar to credit cards, this funding method consists of multiple lines of revolving credit that…

Why You Should Start Your Business Debt-Free

December 01, 2014 by Guidant Financial

Many entrepreneurs dream of being able to start their businesses without having to take on loans or other forms of debt. However, most don’t have such large amounts of cash at hand, so they resort to loans, max out credit cards and borrow monies from friends and family to finance their new venture. But you may have more money at your disposal than you think. If you have a 401(k), IRA or other eligible retirement account, you could use up…

The Ins and Outs of SBA 7(a) Loans: What You Need To Know

December 01, 2014 by Guidant Financial

SBA loans offer a practical method of small business financing for entrepreneurs looking to start, buy or expand a business. Whether you need money to buy real estate, cover construction costs or to use as working capital until you start making a profit, SBA loans offer attractive repayment terms. While several types of SBA loans exist to meet the needs of a wide variety of entrepreneurs, the most common is the 7(a) loan. This type of loan boasts low interest…