As an entrepreneur with dreams of opening your own small business start-up or franchise turn to DRDA CPA, the nation’s leading provider of business funding solutions, for quality care and assistance. DRDA specializes in an innovative and non-traditional financing alternative called a Business Owner’s Retirement Savings Account (BORSATM) plan, that utilizes the holdings stored in a retirement account to fund a small business or franchise. Qualified accounts include a 401(a) pension, profit sharing 401(k), 403(b), 457 or IRA rollover.
The BORSATM plan is a viable means to withdrawing from your retirement fund before hitting your 60s if used for business purposes. The BORSATM plan makes it so you can withdraw early without incurring taxes or penalties. In addition you can combine a BORSATM with an SBA loan to be used as an equity injection.
DRDA CPA is proud to employ only the best of the best in the finance industry, and Doug Smith is no exception. With years of experience in sales and business development, Doug makes developing and maintaining relationships with referral partners look easy. As a former employee of Guidant Financial Group, he is no stranger to the business world.
As Director of Business Development for DRDA, Doug is in charge of building relationships with referral partners in order to generate greater awareness of the BORSATM plan. He works closely with business brokers, franchise coaches, lenders, franchisors and consultants to help their clients get the equity injection they need to start a small business or franchise. By regularly attending business conferences and expos, which allows him a chance for continuing education on the subject of business financing, he is able to ascertain the needs of prospective business owners.
A list of conferences he has attended include:
Virginia Business Brokers Association
International Business Brokers Association
Georgia Association of Business Brokers
Murphy Business Brokers Educational Conference
Texas Association of Business Brokers
Colorado Association of Business Intermediaries
Sunbelt Business Brokers
The Entrepreneur’s Source
Franchoice
Mid America Business Broker’s Association
International Conference of Business Consultants
International Franchise Expo
California Association of Business Brokers
Doug has been a featured speaker at a number of these events and is available to lead a workshop or breakout session on small business financing or to help conduct a buyer’s seminar.
When looking to start a business, a BORSATM plan is a wise investment because unlike other sources of financing such as bank and SBA or asset-backed loans, the BORSATM plan does not produce debt for the small business owner. When asked why the BORSATM plan is a better option than a traditional loan, Doug says:
“When you start your business using a BORSATM, you build equity not debt. The value of your retirement account grows with your business giving you full control of your future.”
With 3 children, 5 grandchildren, a wife, and a ball-playing Border Collie, Doug is always on the go. During his infrequent downtime, Doug enjoys playing racquetball, reading and honing his photography skills in his beautiful home state of Colorado.
Let Doug Smith and the experts at DRDA help you out along the way to small business success. After coaching thousands of entrepreneurs with funding a small business or franchise, he is extremely qualified to help prospective business owners locate the funding they need using their retirement accounts.
“We help people do really cool things with their retirement money.”
To learn more about how DRDA CPA and the BORSATM plan can make your small business dreams come true pick up the phone and call 281-954-6040 or go online and visit www.drdacpa.com today or www.borsaplan.com.
