With lending scarce, business owners roll the dice with retirement funds

08/13/2013 | Charlotte Observer (N.C.), The

Suzie and Todd Ford took a big risk leading up to the launch of their NoDa Brewing Company nearly two years ago in Charlotte, N.C. Banks at the time weren't lending, so the couple had to tap into their 401(k)s to get the business going. The key was an option known as ROBS, which allows entrepreneurs to use their retirement funds to cover the expenses that come with starting new businesses.

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Charlotte Observer (N.C.), The

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