Suzy Granger and DRDA CPA Know the Secret to Your Small Business Success

Entrepreneurship is risky business, but with the assistance of qualified consultants your small business will have the upper hand. The knowledgeable business advisory specialists at DRDA CPA will provide you with comprehensive tactics to increase the profitability of your business and gain a competitive advantage. As pioneers in the financing industry, DRDA devised a non-traditional funding option called a BORSA (Business Owner’s Retirement Savings Account) plan to help prospective business owners finance a small business or franchise with the savings held in a retirement account. Suzy Granger, business development officer, has helped countless clients utilize the BORSA plan since its inception.

“It has been a privilege to work closely with all kinds of people to help them realize their entrepreneurial dreams,” says Granger.

A BORSA plan uses money stored in a retirement account such as a 401(k), 403(b), 457 or IRA rollover to buy or start a business without the usual taxes, penalties and distributions associated with early withdrawal. To keep in compliance with the Small Business Administration (SBA) and the IRS, DRDA CPA professionals came up with the BORSA plan by studying the ERISA (Employment Retirement Income Security Act) and Internal Revenue Code sections that deal with the use of retirement accounts to finance a small business. The program is not only legal, but also extremely beneficial to business owners who otherwise might not have been able get a business up and running due to initial lack of funds.

Another concern for many people trying to start a business concerns the equity needed to get a loan from the SBA. A BORSA plan can be used as an equity injection, which is simply the money needed up front to get the loan. Basically it acts as a down payment, showing a financial commitment to your business. Suzy Granger and the team at DRDA CPA can help you get all your ducks in a row before you open for business.

Suzy has worked with diverse groups of people including former corporate executives and industry leaders transitioning into business ownership.

“People are stepping out of corporate America and into small business ownership as small, self–employed businesses are truly the backbone of our economy,” says Granger.

With the help of a BORSA plan, entrepreneurs can easily obtain the equity required for starting a small business, franchise, or purchasing an existing business property. The BORSA plan even works with business acquisitions big or small. So if your heart is set on owning your own business, let the finance experts at DRDA CPA assist you from day one. Let Suzy Granger be the go-to person for all your small business needs. Call 281-954-6040 to speak directly with Suzy Granger to learn how a BORSA plan can get your business up and running. And don’t forget to take advantage of the numerous business advisory services available. Go get 'em!