Funding Products & Services

You want your business to succeed. And we want to help. So, we’ll work with you and within your current finances to create a funding plan just for you.

Pricing

Before you commit to anything, we’ll have a chat with you free of charge to make sure you understand all of our program and service costs.

Resources

Here's everything you need to better understand your business funding options.

Partnering With Us

We have one goal. To help our clients be successful business owners. Our trusted partners share that goal and work with us to help achieve it. And it works two ways. Sometimes a partner sends a business owner our way to help with financing, and sometimes we send a business owner their way to help with other business needs.

Why FranFund?

We believe the best funding partner delivers not only high-quality products and services, but also an exceptional customer experience.

401(k) Business Funding

Fund your business using the retirement funds you already have, tax-deferred and free of annoying penalties.

 

Show My Funding Amount

 

FranPlan

 

Wouldn’t it be great to have a way to fund your business with money you already have? To avoid the debt and hassle of small business loans? Good news. There is. Using your retirement funds can help you start your business debt-free. And with no loan payments to worry about, it also increases your cash flow. If, however, you do need or want to take out a business loan, your retirement funds can also make for a smart equity injection a lender may require.

 Your financial statement is comprised of all your accounts – checking, savings, investments, retirement accounts, and so on. Now, you’ve paid taxes on some of it, like the money in your checking account. At the same time, the taxes on your retirement accounts are deferred until you take it out. With the Rollover for Business Startup (ROBS) strategy, you can access some or all of your tax-deferred savings now and invest it into your business.

 The ROBS process is governed by the Internal Revenue Service (IRS) and the Department of Labor (DOL) and has been legal since the (Employee Retirement Income Security Act) ERISA of 1974. FranFund facilitates the ROBS program through our proven, compliant FranPlan® program.

Some of the Retirement Plans that Qualify for a FranPlan:

 
  • 401(k) Plans
  • 403(b) Plans
  • 457 Plans (government)
  • Employee Stock Ownership
  • IRAs
  • Money Purchase Plans
  • Annuity Plans (penalty may apply)
  • SIMPLE Plans
  • Cash Balance Plans
  • SEPs
  • Defined Benefit Plans
 

 

Advantages of the FranPlan:

 
  • Availability of funding in as little as 10 days
  • Funds may be used as the equity injection for an SBA loan
  • With no debt service on a loan, the business is likely to reach the break-even point sooner
  • Credit score and current financial situation are not factors
  • You are building wealth with a tax-deferred investment and creating equity in the new company
 

 

 

SafetyNet

Get started for free with our no-risk SafetyNet™ option.

The FranPlan (401(k) Rollover) process normally takes between 10 and 20 business days, with the majority of time allocated to moving funds from your current 401(k) custodian to your new custodian. Using the SafetyNet Program, you can get a head start and move your money at no cost. But, should your plans change and you decide not to move forward with the business, that’s okay. There’s nothing to undo, no refunds to initiate. Your money is still safely in an IRA.

 

Plan Administration

When using a Rollover for Business Startups (ROBS) funding strategy like the FranPlan, the Internal Revenue Service (IRS) and Department of Labor (DOL) have strict guidelines regarding the execution of the plan. While not frequent, the IRS and DOL may audit your business to verify compliance with all ROBS 401(k) rules. FranFund's rate of audit is less than 1% with no disqualified plans during audit.

After your rollover is complete and your FranPlan is implemented, our in-house Third Party Administration (TPA) Team manages your plan. You will be assigned to a dedicated TPA associate who will work with you to ensure the ongoing successful administration and compliance of your plan.

The FranFund Guarantee

Our FranPlan design meets all guidelines and directives issued by the IRS and DOL for creating a “qualified” plan. We made sure of it. If there are every any questions or you're audited, FranFund TPA clients following the guidelines have the full support of our staff, ERISA attorneys, a tax attorney, and an actuary.