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Ask your 401k plan administrator if your plan allows you to take a loan from the 401k. The IRS permits you to borrow up to 50 percent of your 401k or up to $50,000, tax free. This loan must be repaid within 5 years or upon the termination of the employment with interest. You can take more than one loan at a time. Consult with the financial expert and make sure that you get the loans at the lowest interest. Use the money to finance your business. Please visit our website http://www.startupbusinessloans.com/borrowing-401k-finance-business/ for more info.

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