The Franchise King® | Learn How To Become A Franchisee


(This post may contain affiliate links. Please read my disclosure policy).

Most folks I meet with to try to help learn about interesting opportunities in franchise ownership get stuck on the “financing” part of the equation…..

Here are the traditional ways to fund your new business startup {franchise or non-franchise}$$$$

Free Franchise Quiz
Find Out If You'll Be A Successful Franchise Owner!
Invalid email address

1. Small Business Administration Loan.{SBA}
2. Commercial Bank Loan
3. Commercial Line of Credit
4. Home Equity Loan or Line of Credit
5.Personal Loan from Family/Friends

Those are some ways to obtain financing for your new business. Here is another:

AUDEO: The Entrepreneur Pension

Should I stop here? Ok…

What if there was a way to use a portion of your 401{k}or IRA to help you fund your new business? Basically, you are borrowing against yourself, and if structured right there is no tax penalty to deal with.

Guidant Financial is a company that specializes in setting up entrepreneurial enterprises with retirement funds. The steps:

1. They will form a corporation for you.
2. Then, the corporation {yours} sponsors a 401{k}plan.
3. They help you roll over some of your retirement funds to your corporation’s plan
4. 401{k}invests in your corporation

The above is a simple and to the point version of what transpires. A couple of the folks I have helped get into businesses of their own have used a portion of their retirement funds to start businesses, and have used Guidant’s superb services to do it, right.

This option may or may not be for you, but it is an option. You should look at options. Right?

Please Share This Article!
Note: When you buy through links on our site, we may earn an affiliate commission. In addition, I've started to use AI to help me craft better article titles and headings.
joel libava

I'm The Franchise King®, Joel Libava. I help prospective franchise owners avoid bank account emptying mistakes. For over 20 years, I’ve been showing people how to make smart, informed decisions on franchises to buy, and I can help you, too!
P.S. I'm not a franchise consultant/broker.

“I've been a fan of Joel's for years. He's picked a niche and made himself the undisputed expert. I'd recommend him to anyone looking to start a franchise. "
- Gene Marks, Business Expert, Keynote Speaker
Free Franchise Tools Franchise Compatibility Quiz Net Worth Calculator
VIP Franchise Newsletter

Recommended Reading
How Franchises Work
How Much Is A Franchise?
Pros And Cons Of A Franchise What Is The Franchise Fee? How To Buy A Franchise
Top 21 Franchise Opportunities
Top 33 Business Opportunities Starbucks Franchise Facts
Featured Franchises!
10 Best Franchise Websites
About Franchise Consultants
How To Read A FDD
Questions To Ask Franchisors
Questions To Ask Franchisees Franchise Discovery Day Franchise Reviews
Your Franchise Business Plan

A 401(k) For A Franchise?

Top 10 Franchise Buying Tips
Free Franchise Quiz
Find Out If You'll Be A Successful Franchise Owner!
Invalid email address