In order to get a traditional or SBA loan to start or buy a business you will generally need at least 20% to put down on the business and a credit score above 700.
If you have more than $50,000 in a retirement account, a Rollover for Business Startups (ROBS) may be a good option to fund your business or use in conjunction with an SBA loan.
A Rollover for Business Startups (ROBS) lets you unlock the power of your retirement account to start or buy business. No debt, no income taxes, and no early withdrawal penalties.
If you have a 401(k), traditional IRA, 403(b) or other eligible retirement account with at least $50,000 of savings, a ROBS could be the perfect choice for you (Roth IRAs are not eligible).
Ready to apply? Head over to Guidant Financial, our recommended ROBS provider. If you have questions, check out our ultimate guide to ROBS, email info@fitsmallbusiness.com, or call us at1-877-959-9182.
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