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Home > Benefits and Employee Services > 401k > 401K Save Your Business
How to Use Your 401K to Save Your Business
Financing is still tough for many small businesses and Wall Street is too busy
paying themselves bonuses rather than expanding their business lending. Customers
are taking longer to pay and your bills may be piling up. How can you meet your
cash needs?
After you have exhausted your traditional options of financing from banks and credit cards you may want to consider a risky, but very good if done correctly, way of paying your bills in the downturn: Use Your 401K. Borrowing from your 401K can be helpful in two situations:
Even if you do not want to borrow from your 401K, you should at least make sure that your plans has these options in case you ever need them. To easily compare and get free price quotes for 401k plans please fill out the form above or click here. The entire article from CNN can be found here. |
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