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IRA/401(k) Business
Financing FAQs

Frequently Asked Questions

We have three simple and easy options for referring leads:

  1. Register them online.
  2. Email/call your Account Manager with your lead’s contact information.
  3. Incorporate our pre-qualification tool into your sales process. When a lead uses the tool, we’ll automatically be notified to follow up (test it here).
Not at all. The Employee Retirement Income Security Act of 1974 (ERISA) passed the responsibility of retirement saving from the employer to the employee.
Yes — in fact, as part of this process, you’ll need to be an employee of your new business, providing a bona fide service. This not only gives you the ability to draw a salary, but actually requires you to do so. You shouldn’t draw compensation from the proceeds of the employer stock purchase; rather your compensation should come from operational revenues generated after your company opens for business and is actively engaged in the buying or selling of goods and/or services.
You can purchase almost any legal business or franchise, whether you’re starting a new venture or buying an existing business. One exception is using iFinance to create a business deemed to be “solely the investment of capital” (such as creating a business where you’d be loaning your retirement funds to others).
The Guidant iFinance 401(k) rollover exclusively utilizes a C Corporation (C Corp.) business structure to meet the compliance requirements of ERISA and Internal Revenue code.
The term Double Taxation refers to taxation that occurs on dividends paid by the C Corp. Many times these taxes can either be avoided or mitigated. A qualified tax professional should be able to assist you in optimizing your tax plan. Paying taxes when you take a distribution from your retirement plan, however, can never legally be avoided.
Any employee that meets all of the eligibility guidelines for the 401(k) Plan must have the option to participate in the Plan.
For the 2013 tax year, the maximum contribution that you can make to your new 401(k) Plan is $17,500. If you’re over the age of 50, you may also contribute a “catch-up” contribution of up to an additional $5,500.
Yes; the exemption to “prohibited transactions” permits participation by any friends or family members.
Yes; with iFinance, you can combine funds with a business partner or a spouse to produce the necessary capital to start your business.

If you’re starting a brand new business or franchise, or buying a business on an arm’s length basis from an informed and uncompromised third party, you probably won’t be required to get an appraisal.

If you’re purchasing an existing business or franchise, it’s prudent, with or without retirement funds, to get an appraisal. If you’re using iFinance to recapitalize an existing business that you own, you’ll need to get a business appraisal.

Your clients can also combine Rollovers as Business Start-ups with other financing programs to increase buying power.

SBA Loans

Our money-back guaranteed SBA program offers up to $5 million in business capital.

Portfolio Loans

A faster alternative to SBA loans, this securities-based credit line boasts low interest rates.

Unsecured Loans

Offering up t0 $150,000 with no collateral required, but often at higher interest rates.

Equipment Leasing

A great way to save money on start-up costs by leasing rather than buying equipment.

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