For most new business owners, time is of the essence – as they say “Time is Money!”
There may be many important business reasons why time is critical such as a limited opportunity to buy a business or you may be seeking to start a business before a profitable busy season.
For a potential business owner who needs to fund his or her business quickly, a Rollover as Business Startup can be an attractive option as the business can typically be funded in about 3 weeks. This is often much faster than traditional financing options such as a business loan which will require time to submit and process the loan application, credit underwriting, etc.
As fellow business owners, we understand the importance of funding your business quickly and correctly. In fact, we have designed our 401k Business Financing plan to allow you to fund your business quickly by minimizing the time needed to rollover your retirement funds & finance your business.
Typically, the biggest “X-factor” in terms of timing is the process to rollover the funds from your existing retirement account(s).
To shorten the time to fund your business through our ROBS 401k Business Financing Plan, we will start the transfer process immediately including handling all the required transfer paperwork. In addition, each 401k plan administrator or financial institution that holds your existing retirement will have its own unique transfer process. Moreover, while many companies have started to modernize their transfer process over the last few years by moving to a telephone or online process, the process is still quite cumbersome for many companies. Our team has deep experience and expertise in navigating the varying transfer processes so that your funds can be transferred and your business funded as soon as possible!