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<div id="pastingspan1">So you want to own a franchise. You&#8217;ve done your due diligence, researched countless industries you could see yourself investing in and finally found a brand that you believe in and now; now you have to pay for it.</div><div>&nbsp;</div><div>Ask a franchisee the biggest challenge in opening their business, or what the scariest moment was and nine times out of 10 you&#8217;ll get the same answer: paying for it. Taking out a loan, often for tens or hundreds of thousands of dollars, places the fate of your financial future in the hands of you and the brand you&#8217;ve partnered with.</div><div>&nbsp;</div><div>But what if there was another way? Alternative sources have been around for decades, they gained popularity during the Recession when getting a loan was next to impossible, even with decent credit. Now as the market recovers fewer entrepreneurs are relying solely on the bank for the financial security of their business.</div><div>&nbsp;</div><div>Lending sources like Rollover 401K plans have become increasingly popular. After working for decades accruing unseen capital through your 401K, there are plans and services that help match you with a business lender that leverages that money into a new business.</div><div>&nbsp;</div><div>"Alternative lending sources like Rollover 401K plans are a great way to get your business up and running without the debt and taxes that some other traditional financing methods come with," said Mike Rozeman, CEO and Co-Founderat <a href="http://www.boefly.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=alternative-lending-sources-3560" target="_blank" rel="nofollow" target="_blank">BoeFly</a>. "By reducing, or even eliminating, bank loans from the process franchisees are able to utilize the capital in their retirement plan that they've been working to build their whole careers."</div><div>&nbsp;</div><div>Sarah Ordover, owner of the Assisted Living Locators Los Angeles franchise, chose this option when she purchased her territory in summer of 2015.</div><div>&nbsp;</div><div>&#8220;I took part of my retirement to invest in my business because I&#8217;m banking on the fact that I can get a better return on my money as an entrepreneur than I could by investing it in mutual funds and other traditional retirement vehicles.&#8221;</div><div>&nbsp;</div><div>Ordover used BeneTrends, one of the top lending companies for small business funding. BeneTrends and its competitors like Guidant Financial, SD Cooper and <a href="http://boefly.1851franchise.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=alternative-lending-sources-3560" target="_blank" rel="nofollow" target="_blank">BoeFly</a> make a business out of funding small business.</div><div>&nbsp;</div><div>When you rollover your 401K the money is tax-deferred and penalty-free, unlike taking out your 401K out or a traditional loan. Companies like BeneTrends Guidant Financial, SD Cooper and BoeFly make the process easy- they structure the process to make sure your money is allocated properly and accounted for.</div><div>&nbsp;</div><div>With retirement an uncertainty in 2016, more and more Baby Boomers are choosing this option and retiring into business ownership. While running a franchise probably isn&#8217;t the lazy golf afternoons and knitting clubs you imagined for your Twilight Years, rolling over your 401K into a franchise gives you the opportunity to continue to build capital.</div><div></div>

1851 Franchise

Franchisees are finding new ways to get loans for their businesses.

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TruBlue Home Service Ally

TruBlue’s Home Maintenance Plans: Peace of Mind for Homeowners

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Caring Transitions

Caring Transitions Targets Peoria, Illinois, for Franchise Growth

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Caring Transitions Celebrates a Strong Start to 2025 With 19 New Franchise Sales and Momentum-Building Training Events

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Right at Home 30th Anniversary in Home Care with Right at Home Logo

Celebrating 30 Years of Excellence and Future Innovations in Home Care

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Why TruBlue is the Ideal Franchise for Multi-Unit Owners: Scalable Growth With a Purpose

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