SBA Commercial Loan - Growing your business!
SBA commercial loan funding is just what the Small Business Adminstration is about. So, if you are thinking about borrowing money (debt financing) from a bank, but are unable to . . . then consider obtaining financing from the Small Business Administration (SBA).
What does that mean? This federal agency loans no money itself, but instead guarantees 75 percent of individual loans made by private lenders, up to $750,000 (making the maximum loan amount $1 million).
How does this happen? When you go to a bank to ask for a loan, they need sufficient collateral from you or your request will be rejected.
What is the criteria? All business owners (or sharholders) that have twenty percent (20%) or more ownership are required to personally guarantee SBA loans.
The SBA also considers your good character, management capability, and owner's equity contribution.
Friday, February 15, 2019
Finance Your Business With 401k Funds
In today's complicated economic environment, traditional funding sources have dried up, making it almost impossible to find working or startup capital.
An excellent "non-traditional" financing source is an IRA, a 401(k) or other roll-able retirement funds.
Guidant Financial Group can provide you with access to your IRA or 401k funds tax and penalty free to invest in a business or franchise.
You can use retirement funds to purchase a new business, inject new capital into an existing business, purchase inventory, pay employees, and so on.
You can also use the funds in combination with SBA and Unsecured loans, or use them as a down payment for a larger loan.
Eliminate the need for debt-financing Use as a down payment to secure other financing Enjoy tax-deferred profits by directing them back to your 401(k) Draw a salary and receive other benefits as the business owner Employ family members
If You Have Over $40,000 Across IRA/401k Accounts: Get Your Free Consultation Now.
To receive a free consultation about funding your business with 401k/IRA Funds, please fill out the form by CLICKING HERE.
An excellent "non-traditional" financing source is an IRA, a 401(k) or other roll-able retirement funds.
Guidant Financial Group can provide you with access to your IRA or 401k funds tax and penalty free to invest in a business or franchise.
You can use retirement funds to purchase a new business, inject new capital into an existing business, purchase inventory, pay employees, and so on.
You can also use the funds in combination with SBA and Unsecured loans, or use them as a down payment for a larger loan.
Eliminate the need for debt-financing Use as a down payment to secure other financing Enjoy tax-deferred profits by directing them back to your 401(k) Draw a salary and receive other benefits as the business owner Employ family members
If You Have Over $40,000 Across IRA/401k Accounts: Get Your Free Consultation Now.
To receive a free consultation about funding your business with 401k/IRA Funds, please fill out the form by CLICKING HERE.
Subscribe to:
Posts (Atom)