Using ROBS Plans for SBA Financing in 2020

Using ROBS Plans for SBA Financing in 2020
What is the “ROBS” Issue? — a 75-minute webinar that allows your staff to earn e-certification.

A Coleman/DRDA Webinar
Date: Tuesday December 10, 2019
Time: 2:00 p.m. Eastern

Go to Registration

A ROBS (Rollover As Business Start Up) Plan is a self-directed 401(k) plan that allows individuals to access retirement funds tax and penalty free if they are being used to buy, start, or recapitalize an active business.

IRS recently made a bold statement that businesses that have a ROBS plan attached fail more than businesses which do not.

SBA Researched the ROBS issue and found the following:

  • i. There was no designation within ETRAN or SBAONE to flag these as ROBS deals.
  • ii. SBA is not aware of the volume of ROBS deals being done.
  • iii. Lenders don’t know if there is a ROBS involved in the deal.
  • iv. SBA feels the IRS may be causing these failures if the borrower drops out of compliance with their plan and are penalized.
  • v. SBA is concerned the borrower is not being educated on the “strings attached” with having a 401k plan as a shareholder in their business.
  • vi. Currently wording in the SOP may be confusing but SBA reads it as loans with ROBS attached must go to the center for processing and cannot be processed under the PLP designation.
  • vii. They have time to write a final decision (GP vs PLP) and insert the language in the new SOP slated for 2020.
The webinar will also cover the following:
  • Qualified Employee Trusts (ESOP)
  • §120.350 Policy.
  • §120.351 Definitions.
  • §120.352 Use of proceeds.
  • §120.353 Eligibility.
  • §120.354 Creditworthiness.

Register Using this Login Link:
Using ROBS Plans for SBA Financing in 2020
Tue, Dec 10, 2019 2:00 PM – 3:00 PM EST
Dial +1 (562) 247-8422
Access Code: 343-170-287
Webinar ID: 488-065-547

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

 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 She will email the certificates to all attendees.

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 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, 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 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:

Bob Coleman
Editor, Coleman Report
28081 Marguerite Pkwy, #4525
Mission Viejo, CA 92690-4525
(818) 790-4591
(c) 2020 All Rights Reserved