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Using 401K/IRA Funds to Satisfy SBA’s Equity Injection Requirements

NEW COLEMAN/DRDA WEBINAR FOR SBA LENDERS
Using 401K/IRA Funds to Satisfy SBA’s Equity Injection Requirements
What is a BORSA™ (Business Owners Retirement Savings Account) Plan? — a 75-minute webinar that allows your staff to earn e-certification.

A Coleman/DRDA Webinar
Date: Tuesday, September 17, 2019
Time: 2:00 p.m. Eastern

Go to Registration

What is a BORSA™ (Business Owners Retirement Savings Account) Plan?
Simply put, it’s a self-directed 401(k) plan that allows you to access retirement funds (401(k), IRA, other qualified funds) TAX and PENALTY FREE to use as equity in a business start-up, acquisition, or to add more capital to your existing business. Typically if you “cash out” (take a distribution) from a qualified plan you would be taxed as ordinary income. You would also be hit with a 10% penalty if you are below age 59-1/2. The combination of state and federal income tax as well as the penalty can result in an erosion of 40-50% of your retirement savings.

DRDA CPAs & Business Consultants has a solution – The BORSA™ Plan. This structure allows you to transfer money currently held in your qualified retirement accounts into a new business without a deemed distribution, taxes, or penalties.

Using a BORSA Plan to Leverage an SBA Loan
Are you considering a business or franchise acquisition? Do you plan on using SBA financing to get your deal done? DRDA’s BORSA Plan – a ROBS structure – allows you to access your retirement funds tax and penalty free and use those dollars in your business. You can then use these funds as your equity injection or down payment in an SBA 7(a) or 504 loan. DRDA has helped thousands of entrepreneurs since 2005 to secure their business acquisition financing via the BORSA plan. We teach this concept to lenders across the country so they may help their borrowers realize their dream of business ownership. If you’d like to learn more about using retirement funds tax and penalty free in conjunction with an SBA loan please contact Suzy Granger at 281-954-6023 or suzy@drdacpa.com

Here is just some of what you and your team will learn:
  • Structuring 401K Equity Injection, How it Works
  • How to structure with SBA financing
  • Satisfy the equity injection requirements
  • SBA Eligible Candidates
  • How to Structure These Transactions to Ensure Timely Funding to Meet the Deadline
 Taught by National SBA Experts
  • head_coleman

    Bob Coleman, Publisher, Coleman Report

  • head_teckler

    Suzy Granger, National Business Development Officer, DRDA

Suzy Granger assists small business owners by helping them access funds in their qualified retirement plans WITHOUT taxes or penalty in order to purchase, start, or recapitalize a business. Her referral network includes business brokers and SBA Lenders. Suzy welcomes opportunity to add you to that network.

Bob Coleman is the Author of “Money Money Everywhere and Not a Drop for Main Street.” He is the Publisher of the Coleman Report, a trade newsletter and website for SBA and small business lenders. He produces online training videos and webinars for small business lenders to teach them to make less risky loans to Main Street.

Webinar Details

Certificates of Participation
All Coleman Webinar attendees will receive a certificate of participation. This documents your continuing education history for SBA and your regulators.

We will automatically forward a certificate of participation for those who are registered to attend the webinar via GoToWebinar.

If you have purchased the unlimited site license and would like certificates for all who attend simply forward their names and email addresses to jeanne@colemanreport.com. She will email the certificates to all attendees.

Questions
Questions are strongly encouraged. There are two ways to ask a question. The first is to ask the question via the chat box on the GoToWebinar dashboard. The second way is to send an email to joseph@colemanreport.com. Also, feel free to ask pre-webinar questions.

About Coleman Webinars
Coleman is the largest producer of small business banking video webinars and online training for the banking industry.

Our faculty are professional instructors are the absolute experts in their fields.

Why a Coleman Training Webinar?
It’s very cost effective. No airfare, no hotels. Just cram as many people as you wish into your conference room and turn on the computer. You have several options to view the program. You may watch on screen, or listen in on your phone.

You can choose to have any many connections nationwide as you wish when you purchase unlimited access for only $589.

A great benefit of the program is that you may have your questions answered by the faculty. All of our webinars are recorded. Buyers of the unlimited site license option will receive a DVD recording of the event to share with anyone you wish.

A transcript of the program is also provided to purchasers of the unlimited site license.

How it Works
We use GoToWebinar for the webinar platform. You will receive a link that will direct you to an Internet site to view the presentation. If you would like to test this process to make sure you will be able to access the link through your system’s firewall, just send an email to joseph@colemanreport.com, and he will schedule a test run.

Accessing GoToWebinar
There are two ways to access the webinar. The first is to simply click on the link we will provide when you register.

If you have a firewall issue, or you can’t get the GoToWebinar link to work, don’t panic!

The second way to access the webinar is directly from the GoToWebinar website. You will simply need to input the webinar ID and access code. These will also be provided when you register, and again the day before the webinar when we distribute the handouts.

Note we will open the webinar for attendees to join at 12:00pm ET. This will give each attendee two full hours before the webinar begins to troubleshoot any technical issues. Call (818) 790-4591 if you need assistance.

All Coleman Webinar Speakers are seen Live via Video Stream
You will see our speakers live through a video feed. You may customize the size of the speaker and PowerPoint presentations by clicking on the webcam button on the GoToWebinar dashboard. You may position the speakers at the top, bottom, right or left hand sides. You may also choose to eliminate the video stream and just view the PowerPoint.

Telephone Only Option
You may also choose to listen to the program on your telephone. The phone number will be provided with the handouts.

PDF Handouts
You will receive the PDF handout via email the day before the event. These may be distributed to all of your attendees.

Replay Link
If something comes up and you miss any part of the webinar, or there are technical issues such as a power failure, Internet dropout, fire alarm drills, actual fires or, earthquake (yes that has happened!) simply email joseph@colemanreport.com and he will send you a link you may watch all or part of the webinar at your leisure. There is no charge for this service.

Registration Link:
https://attendee.gotowebinar.com/register/7569735536501725707

Bob Coleman
Editor, Coleman Report
28081 Marguerite Pkwy, #4525
Mission Viejo, CA 92690-4525
(818) 790-4591
(c) 2019 All Rights Reserved

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