Securing funding is critical to starting a new business for most aspiring entrepreneurs. Getting sound financial guidance from a reputable, licensed professional service can’t be underestimated. Unfortunately, many potential business owners have never opened or operated a business before and may not understand the basics of acquiring a loan. While they may have taken out a mortgage or secured a car loan, those are not analogous to securing a loan for a business.
Sometimes prospective business owners don’t ask the right lending questions or may need help knowing what questions to ask, so education is essential. Learn some of the ins and outs of how to go about getting financing for a small business or franchise.
What are ROBS and How Can You Use Them to Fund Your BusinessNamed by the IRS, ROBS stands for Roll-Over as Business Startups. With a ROBS plan, you can withdraw money from your retirement funds to finance your new business without th…