I discussed the state of small business with David Nilssen recently. The annual State of Small Business survey to give us a broader understanding of the challenges and opportunities Main Street American small businesses face today. This year, we decided to partner with LendingClub to expand our sample size to more than 2,600 small business owners. Nilssen: With 401(k) business financing (formally known as Rollovers for Business Start-ups or ROBS), you can use funds from an IRA or 401(k) to invest a small business or franchise without taking a taxable distribution or getting a loan. As a result, we developed a 10-step list for entrepreneurs and small business owners to refer to when kicking their business off the ground.

Source: Forbes February 20, 2018 19:18 UTC