How to Use a Solo 401 (k) to Fund Your Business

The Business Credit and Financing Show

How to Use a Solo 401 (k) to Fund Your Business

Daniel Blue is the President of Quest Education, a company that helps entrepreneurs obtain capital for their companies, pay off high-interest debt and use self-directed retirement accounts to invest in alternative assets With over 10 years of educating small business owners, Daniel has a knack for helping individuals get creative with their finances that leads to life changing results.

During the show we discuss:

● What a “solo” 401k is

● Loan feature on a 401k and how it can help you

● How to make a 401k a solo one

● How to take money out of a 401k without paying tax penalties

● Process of using a 401k to fund a business

● Benefits of using a 401k to fund your business

● Kinds of rates can you get on this type of financing

● Is personal credit a factor in qualification

● Is revenue a factor in qualification

● How much money must be in the 401k to qualify

● Is it a good idea to tap into a 401k to launch a new business

● What percent of the 401k can you borrow against

● How to ensure you can keep the money out of the 401k without tax penalty

● What’s the interest rate is

● How to use this financing to pay off high-interest debt

● What do business owners use the funds for typically

● Why Wallstreet doesn’t educate on this

Show resources:

👉 https://www.danielblue.me/