FUND YOUR BUSINESS WITH THE EXPERTS AT GUIDANT FINANCIAL
Formally called Rollovers as Business Start-ups, 401(k) rollovers allow you to invest up to 100 percent of funds from an existing retirement account into a franchise without triggering a taxable distribution. If you have enough to cover start-up costs, this arrangement could even allow you to launch your business debt-free.
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Small Business Administration loans are one of the most common forms of franchise financing. Offering up to $5 million in capital, they’re backed by the federal government, minimizing risk for lenders. SBA loans boast low interest rates and longer repayment terms to make monthly costs manageable.
If you’re looking for similar benefits to a traditional SBA loan but on a faster timeline, the SBA Working Capital loan may be beneficial for you. Working Capital loans were designed to help franchisees access smaller capital amounts (up to $150,000) more quickly, and they offer low interest rates and government backing.
Most business loans require some type of collateral for approval, but with an unsecured loan, you can obtain as much as $150,000 without having to put your property on the line. Unsecured loans, which consist of multiple lines of credit, can be used on an as-needed basis, and approval usually takes three weeks or less.
If you own stocks, bonds and other securities, portfolio loans allow you to use their value without having to liquidate. Portfolio loans offer low interest rates and affordable monthly payments, plus they can close in as little as two weeks, allowing you to get your business up and running faster while saving money in the long run.
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