401(k) & IRA Rollover Loans

If you are looking for money to start a business or purchase a franchise, and have a 401(k) or an IRA from a prior job that can be rolled over, we can help you get access to that money with no tax implications in the form a loan that you pay back to your own account at ultra-low interest rates. This is an IRS-approved program that can let you invest a portion of your retirement funds in your business, even if it is a startup or if you have bad credit. You can use this money to fund any business type you wish, as long as you set up a new 401(k) account the tight way..

In most cases, you can borrow up to half of the amount that is in a 401(k) outside of your current job (if your current job has a 401(k), you cannot use that account). You are free to use this money for any purpose, and your payback time is up to 5 years. Interest rates are basically one or two percentage points above the prime rate, and your payments go right back into your 401(k). There are no personal credit or business underwriting requirements, as you are essentially borrowing your own money and paying it back to yourself, while at the same time adding to your investment return in your nest egg. If you have a C-Corporation (not typical for a startup business), you can leverage your IRA funds as a down payment on other loans, including an SBA loan, so you can essentially double your borrowing capability.

If you are interested in either of these types of programs, please contact us so that we can see if you qualify and so that we can discuss what is involved in setting up the required accounts and and funding methods. We can do the work for you to get set up to get quick access to your retirement funds.