If you didn’t have to work — would you? Many of our clients at Safe Harbor Financial Services have dreams of entrepreneurship after retirement. Our role is to help them finance their retirement while also taking into consideration their business funding needs. With so many retirees considering starting a new business after retirement, here is some valuable information about how to finance one.
Every new venture needs capital to pay for initial start-up costs that range from materials, production and inventory to management software and marketing materials. According to a recent Federal Reserve survey, only 40 percent of small-business applicants are awarded the full amount of financing they request.1 [Read more…]