401k Business Financing

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.

Compare ROBS 401k vs SBA loan for Business Financing: 7 Key Differences

Many entrepreneurs that we speak to are considering different options to finance the startup or purchase of their business including comparing a ROBS 401k (Rollover as Business Startup) and a loan backed by the Small Business Administration (SBA Loans). There are some important differences between ROBS 401k Business Financing and an SBA loan.   Depending on […]