As commonplace as it has become in purchasing a business or franchise, funding continues to be a challenging experience. As such, it's important to understand there are options and some often overlooked as being incorrectly perceived as unavailable. The most common is to use retirement funds without concern of taxes and penalties. The key is working with a professional to help navigate the process.
This week on Franchising & You our guest is Matt Trivelis, Senior Consultant at Benetrends Financial. Matt takes listeners through the process of using retirement funds to enter the world of entrepreneurship - without reducing the amount of money to invest due to early-payment penalties and tax liability. He also explains how to use retirement funds as the cash injection necessary for SBA loans and how to use the funds to receive a salary during startup.
Franchising & You airs every Saturday at 9:30 AM EDT / 8:30 AM CDT with each segment available on-demand.
Franchising & You is powered by Franchise Foundry and sponsored by Benetrends, Spadea Lignana and Retail Solutions.