North Central / Regional Reports

Lender Offers Small Business Friendly Financing Program

August 12, 2005
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NEW BALTIMORE, Mich. - Roberts Commercial Lending LLC has announced that it is now accepting Retirement Fund Rollover Plans (a/k/a ERSOPs) as down payments on projects it finances.

These plans allow small business owners to use their retirement funds to make a down payment on the purchase of a small business, the startup of a new franchise business, or the purchase of real estate without paying penalties or taxes on the withdrawal.

Roberts Commercial Lending can work with these plans in providing the balance of the required financing (as much as 85 percent) using an SBA loan.

"Note that these services, when offered through alternative lenders, typically require a substantially larger down payment," said Mark Roberts, managing director. "Because our program requires as little as 15 percent down, business owners will conserve cash to utilize towards the successful operation of their business."

For more information, contact Roberts at CommercialFnnc@aol.com.

Publication date: 08/15/2005

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