Breaking News On Your Retirement Funds
SBA announces faster access to retirement funds for business purchases
Breaking News on purchasing a business with retirement funds.
If you planned on using your retirement funds for the down payment or total purchase price of a business but were put off by the extra amount of time it would take we've got GREAT NEWS!
Thursday, May 7th 2020 the SBA announced that preferred lending partners, known as PLPs, are now able to approve these transactions in-house.
What does this mean to you? No more extensive SBA wait time.
You can use your retirement funds free of taxes and penalties.
You can now utilize your retirement funds quickly and why not, it's your money!
Learn more about using your retirement funds tax free.
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This article offers general guidance on selling a business and isn't professional advice. Consult experts (brokers, lawyers, accountants) for specific legal, financial, and tax matters.
If you're a business owner in Milford considering selling your business in 2025, you're likely aware that the process can be complex.
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