Startup Financing

So, you’ve decided to start your own business. That’s great! But you’re going to need financing to start your business and get off on the right foot, right from the start. Business financing can be difficult to obtain for any type of business at any stage of its life cycle, but start-up funding can take some finessing. The business owners personal credit history, liquidity, and ability to put up collateral, can all factor into the type of financing you can qualify for. There are a variety of funding options available to purchase or start your own business. You may also need equipment, working capital or even a building to operate out of. So, which option, or combination of options for that matter, will be the most cost-effective way for you to achieve all of your funding goals? Well, that’s where we come in. Let’s take a look at some of your funding options.

401(k) ROBS Plans

Our 401(k) Rollover for Business Startups (ROBS), allows you to use your 401(k) or other eligible retirement funds as start-up capital for your new business or franchise – tax deferred and penalty free.

Conventional Bank Loans

This is a more traditional source of funding and can be secured or unsecured. This loan will have a set amount borrowed with set terms for payback.

Unsecured Lines of Credit

No financials or collateral required. If you have a solid credit profile (or have a credit partner who does), you can get quickly pre-qualified for your start-up or franchise funding. Especially good for those needing less than $150,000.

Equipment Funding

Avoid costly depreciation and added debt on your balance sheet by leasing your equipment. You have the potential for tax savings and you don’t have to put up additional collateral.

SBA Loans

The U.S. Small Business Administration guarantees these loans through banks. They generally have lower interest rates and more attractive terms. This can be a good option for start-ups or franchise purchasing.

Securities-Backed Lines of Credit

If you have a portfolio of stocks and bonds, you can leverage them to secure a Securities-Backed Line of Credit.