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Using SEP/Retirement funds to purchase an established business. Is this as easy as it sounds?

I have heard that you can use your SEP/retirement acount to purchase a small business. Is it really that simple? Is there alot of red tape, penalities, etc?

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Have you ever searched for funds, loans, financial assistance or need an accredited lender to help you meet up with your needs and demands? Do you want an Investment Loan for your business Or have your bank turned you down? Is your monthly income disappearing due to high interest rate on your Loans, Credit or Bonds? Then you have no alternative than to get an instant and reliable service. Contact us today at gggillign@gmail.com for Legit/accredited Loans, Mortgages and Investment funds

Nov 13, 2016
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The BAF Group LLC
MD

FORD KENNETH: Another one to ignore!

Oct 29, 2016
Terri Bollman-Wyzkoski
MainStreet Bank
Sr. Commercial Lender
Fairfax County, VA

Lisa,

It may not be necessary for you to employ your SEP/Retirement funds to purchase an existing business. If you have good credit, experience in the business you want to buy, you have at least a 20% down payment, and possess collateral to secure the loan, then you may be eligible for the currently fee-free SBA loan. If you'd like to discuss this further, please feel free to contact us.

Business Lending Solutions LLC ("BLS") identifies the most appropriate financing option for your situation. Our lender network is filled with lenders that provide business financing for any and all types of and size loan requests. BLS will list all possible financing options & expected costs, inform you of the probable terms and pricing, introduce you to the most appropriate lender for your particular financing need, negotiate the most favorable interest rate, terms and conditions on your behalf, and finally, we will prepare and present a professionally-prepared loan request to one of our lenders giving you the highest likelihood of obtaining bank approval.

Fortunately for our clients, we do not require payment for our services unless and until we present you with signed lender commitment. Please give us a call is you think we could provide value to your particular situation.

Terri B. Wyzkoski
Managing Member
Business Lending Solutions LLC
11654 Plaza America Drive #363
Reston, VA 20191
Twyzkoski@BusinessLendingSolutionsLLC.com
Direct: (703) 655-9939

Jul 14, 2010
Joseph DiBello
Vested Business Brokers
Career Development Officer/Broker
Suffolk County, NY

Hi Lisa,

If you have a simplified employer pension plan "SEP" then you have a qualified retirement pension plan. This plan has restrictions as governed by the IRS for taking early distributions. Unlike an IRA or 401(k) you can not borrow against a sep plan without triggering a taxable event. If you are under the age of 59.5 you will have a 10% early penelty plus ordinary income tax for the year you take distribution. I have other options for you to consider regarding your sep but I would need to speak with you to discuss this. Please feel free to call me. Click on "my links" for phone contact.

Jul 6, 2010

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