401k Business Financing

Taking /Processing a Participant Loan from Your ROBS 401k Business Financing Plan

While one of the main uses of the business financing 401k plan (also known as a ROBS 401k Plan) is to fund your own business that offers goods or services, the 401k participant can also borrow from his or her  ROBS 401k through a participant loan, which can be useful if the entrepreneur needs additional […]

Small Business Stimulus: SBA Waives 6 months Payments on New SBA Loans

As part of the coronavirus debt relief under the CARES Act, the Small Business Administration will pay 6 months of principal, interest, and any associated fees that borrowers owe for new SBA business loans disbursed prior to September 27, 2020. The relief is available for new 7(a), 504, and Microloans that are fully disbursed prior […]

ROBS 401K Inheritance Rules – What happens when you die?

ROBS 401K Inheritance Rule – Question  My wife and I own and operate a UBreakIFix franchise in Texas.  We primarily funded the business with retirement funds from my former employer 401k via a ROBS 401K Business Financing plan (she also invested a relatively small amount of funds from her savings).  I have designated my spouse […]

ROBS 401K – 3 Considerations Regarding Using a Home Office

In the current COVID crisis, many states are requiring non-essential workers to work from home.  If you funded your business with a ROBS 401k business financing plan, your CPA or tax advisor may suggest that you take a home office deduction or charge your business rent. For a ROBS-funded business, below are 3 important considerations […]

SBA Business Loan Quick Start Guide – 3 Questions to Ask Yourself

As you consider an SBA loan to fund your business, ask yourself these 3 questions.