Your Family Bank® is a fantastic opportunity for small business owners to not only help their business, but also help their family and their retirement.
Small business owners are hugely underserved in the financial landscape.
In the early years of the business, money is lean. Every penny is used to keep the business afloat.
Saving habits need to start as soon as possible but are sometimes pushed aside because the business is hungry and must be fed.
Often small business owners feed this hunger by acquiring substantial debt. They need new employees to grow the business, more marketing dollars to sell their product or service, and the list goes on and on.
Your Family Bank® can be a source of funds for these expenditures and you can actually capture excess interest and all principal that you are paying other institutions; and at the same time, create a retirement plan for yourself that is Tax-Free. From petty cash to payroll, funds are continuously moving through Your Family Bank®.
Whenever a business owner utilizes the advantages of Your Family Bank®, their reliance on financial companies for working capital quickly diminishes. With time, the business can produce 100% of its financing needs from Your Family Bank®.
Contact your YFB Representative to hear more about what Your Family Bank® can do for you and your business.