Begin Your Entrepreneurial Journey With Worry-Free Business Financing Through Your 401(k)/IRA
Secure Small Business Financing Using Funds From Your Retirement Account
You’re ready to begin your dream of opening a business, but you’re hesitant to take out a small business loan and pay interest on it. Fortunately, there’s another alternative. You have the option to use your 401(k) to start a business – penalty-free. The visionary Rainmaker Plan®, also known as ROBS (Rollover as Business Start-Ups), was pioneered by Benetrends Financial in 1983. It has helped thousands of entrepreneurs like you receive funding in a manner that is safe, effective and legal. It’s also quick – many receive their funding in just 10 days.
How 401(k)/IRA Business Funding Works
Step 1: Create A C-Corporation
Benetrends Financial will establish a C-corporation for you, ensuring the incorporation process is completed accurately and legally.
Step 2: Design A New Qualified Retirement Plan
You will be provided with detailed instructions for opening the corporate and retirement plan bank accounts, as well as a customized retirement plan that best suits your individual needs.
Step 3: Undergo The Banking Rollover Process
We will guide you through the process of rolling over your funds from your existing qualified retirement plan or IRA to your new corporation's customized plan.
Step 4: Receive Business Funding
The plan is now able to be invested in the newly formed C-corporation by purchasing stock in the corporation. You have the capital to start, purchase or recapitalize your new small business or franchise.
Focal Point Consulting
Owner of Obertal Inn, Townhomes at Obertal Inn, Alpen Rose Inn
The Benetrends Difference:
Business Financing With Peace Of Mind
Navigate Small Business Financing With Ease
With The Rainmaker Plan®, you’re able to grow and succeed in business quickly. What’s more, the absence of debt and monthly payments means you’re also poised to thrive over the long term.
You still need to pay your bills and living expenses while you are starting out. That’s why our plan enables you to take a salary once you form an active business. Other companies may say they are more conservative and don’t allow this, but in our 30+ years of providing this service, it has never been an issue for a Benetrends client.
You’re Not Alone, Even After You Receive Funding
At Benetrends, we partner with you, rooting for your success – for as long as you need us. Here are just a few of the ways you receive the best service in the industry from Benetrends:
- In-house team of certified professionals – no subcontractors or outsourcing of retirement plan administration
- Custom plan designed specifically for you – including 401(k) and profit-sharing options
- More experience than any other provider, and a knowledgeable team of experts with the most industry certifications
- Audit Shield protection
- Assurance in knowing that we’ve NEVER had a plan disqualified!
Audit Shield Guarantee
We will be there to safeguard your plan in the event of an inquiry or audit by the Internal Revenue Service or Department of Labor.
Additionally, your plan will be administered by our team of accredited and certified Retirement Plan Analysts.