These are loans that are taken out based on the amount you
have in your 401(k).
Applications vs. Funded
Average monthly
Total funded H1
H1 growth
Get the working capital you need with our streamlined merchant cash advance program. Quick approvals, flexible terms, and funding up to $5,000,000.
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Flexible requirements make it easier to qualify
Pay based on your daily credit card sales
These are loans that are taken out based on the amount you have in your 401(k). Usually you can only borrow a maximum of 50% of the value of your 401(k), or $50,000, whichever is less. These types of loans charge interest, however, since you’re borrowing from your retirement plan, you’re actually paying the principal and interest back to yourself. The important thing about 401(k) financing is that you have to keep your job so that you can have continued control and access over your 401(k). For this reason, it isn’t recommended that entrepreneurs use this loan unless they intend to start a side-gig.
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