Benefits of Using Retirement Funds to Buy a Business

For the buyer, retirement funds can be accessed quickly and with a high success rate, whereas bank financing is often difficult to access. It is considerably easier for a seller to accept an offer that is contingent on a buyer accessing retirement funds to buy a business. Many offers are contingent on the buyer receiving bank financing to purchase a business. Most sellers are reluctant to accept these offers because of the traditionally high failure rate of obtaining a bank loan to purchase a business.