A BDRA is an account that allows you to invest your retirement assets directly into your new business without any penalties of taxable distributions.
Benefits Include:
In today’s market, it's not uncommon for BDRA promoters that facilitate BDRA’s to cut corners and put your business at risk. Our BDRA program recognizes these issues and focuses on providing high-quality, customizable, retirement funding for entrepreneurs with the help of our strategic partners.
We provide top quality legal support, 5 year management consultation, custom retirement plan design, and access to additional funding.
As an entrepreneur, you may not always have the funds needed to get you off your feet. And you likely don’t want to use all of your retirement funding. We help develop unique solutions for you and can combine your BDRA with Unsecured Business Finance options.
This can help increase your startup capital with zero collateral, manage your risk by starting the business with a hybrid structure, build relationships with the banks to refinance down the road, and start cash rich with a line of credit that has 0% APR.
For an entrepreneur like you, you must have at least $50,000+ in a retirement account with a previous employer. This includes a 401(k), IRA, and 403(b) and various other types of retirement accounts. However, if you meet this criteria, you can expect funding anywhere between $20,000 and $200,000.
Interested in finding funding for your business? Finance Factory would love to help! If you’re looking to create business directed retirement account, let’s chat! Get pre-qualified right now with our quick-step pre-qualification form! And don’t worry, this will not result in a hard credit inquiry of sensitive information. We just want to learn more about you and your business. Click below to get started!
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