2020 Budget Blinds Franchise Cost | Budget Blinds Franchise Fee | Use Your 401k to Start a Budget Blinds Franchise Business | SBA Business Loan

How much does it cost to open a Budget Blinds Franchise? [Updated 2020]

The Budget Blinds Franchise Review

Are you considering opening a Budget Blinds Franchise?  If so, it will be essential to understand the costs & fees and how you will pay for those expenses.  This article highlights some key expenses listed in the 2019 Franchise Disclosure Document.  It also describes how you can fund those expenses using an SBA Business Loan and/or your retirement funds without paying tax or penalties.

2020 The Budget Blinds Franchise Cost | The Budget Blinds Franchise Fee

According to the 2019 Budget Blinds FDD Franchise Disclosure Document, the cost to start a Budget Blinds Franchise will include the following:

  • Total Investment: The total investment necessary to begin operation of a “Budget Blinds” franchise ranges from $110,340 – $234,370.
  • Initial Fees:
    • Initial franchise fee: $19,950
  • Veteran Discount: $15,000 off initial territory fee
  • Royalty Fees: $300 – $2,000 per month

How can My Solo 401k Financial help me fund a Budget Blinds Franchise?

My Solo 401k Financial has helped thousands of entrepreneurs with franchise financing.  We specialize in helping franchisees use their retirement funds without paying taxes or penalties as well as SBA business loans.

Obtain an SBA Loan for a Budget Blinds Franchise

Use Your 401k to Start a Budget Blinds Franchise

If you an aspiring entrepreneur looking for financing to open a Budget Blinds franchise, you may want to consider using our ROBS 401K Business Financing plan which allows you to invest your retirement funds in your business without paying taxes or penalties.

Benefits of Using Your 401k to Start a Business

  • You can invest all of your retirement funds in the business without paying taxes or penalties. If you were to withdraw the funds from your retirement account, you will have to pay a 10% penalty (if you are under 59 ½) and income tax which often leaves only 60% or less of the amount withdrawn available to fund your business.
  • The funds invested in your business do not have to be paid back to your retirement account (i.e., it is not a loan).   With no repayment obligation, the business is able to keep more of the income in the business which can be very important to a growing startup business. Moreover, by investing your own funds you are able to independently fund your business and retain ownership and control.
  • There is no credit check required to access your retirement funds.
  • The funds are typically available for business financing in approximately 15 business days.
  • Other than Roth IRA accounts, funds in virtually all types of retirement accounts are eligible including 401k, Traditional IRA, pension plans, government plans, etc.

Using Your 401k to Start a Business – Process

Step 1: File Articles of Incorporation with the Secretary of State.

Step 2: Obtain Corporation and 401k employer identification numbers (EIN).

Step 3: Open business bank account for the C-corporation.

Step 4: The C-corporation adopts new 401k plan.

Step 5: Transfer funds from your existing 401k, IRA or other retirement account to the new 401k.

Step 6: Fund the Corporation with the new 401k proceeds.

Using Your 401k to Start a Business – Resources

Tags: , , , ,

About George Blower

I have the privilege of educating our clients about our products and services so that they can make informed and confident decisions about their financial future. Prior to joining My Solo 401k Financial, I served as the general counsel for a subsidiary of a Fortune 500 financial services company. Learn more about George Blower and My Solo 401k Financial >>


  • Popular Video

  • ROBS 401k Funding Process

  • Solo 401k Contributions Including Mega

  • Checkbook IRA LLC

  • About MySolo401k

    We help our clients take control of their retirement money. Our products and services provide our clients the freedom to invest their retirement savings in their own business as well as alternative investments such as real estate, private companies, promissory notes, precious metals, tax liens and equities.
    Learn more

    Connect with us

  • We’re here to help.

    Call: 800-489-7571


    8:00 am - 4:00 pm PT

    Why us?