From 401 (k) Nest Egg To Seed Money

摘要

Michael Amstein decided to strike out on his own last year, leaving behind his job as an executive at an ambulance company. The 43-year-old Denver native carefully weighed the pros and cons of various franchise options and eventually decided to open a Nestle Toll House Cafe at a local mall. But when he applied for loans, Amstein couldn't come up with enough collateral and was rejected. Undaunted, he turned to BeneTrends, a firm that helps entre -preneurs tap into their 401(k)s without incurring a tax penalty. After paying $4,500, Amstein unlocked $100,000 from his account and bought the cookiernshop. "I was nervous about starting something," says Amstein. "But I took a leap of faith, and it has worked out."