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FranFund 401(k) business funding review

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Get access to your retirement funds in just 10 days to finance your startup.

  • Best for entrepreneurs looking to rollover funds fast — it can take just 10 days with FranFund.
  • Pick something else if you want to find out what rates you prequalify for without a hard credit check.


Product NameFranFund 401(k) business financing plans
Requirements$50,000+ in a rollable, pretax retirement account; structured as a C corporation that’s operational; owner of the retirement funds is an active employee

First, do I qualify?

To qualify for 401(k) financing with FranFund, you need to meet requirements that are typical of any ROBS plan.

  • At least $50,000 in a rollable, pre-tax retirement account — like an IRA, 401(k) or 403(b)
  • Structured as a C corporation that’s operational
  • Owner of the retirement funds is an active employee of the business

What makes FranFund unique?

What sets FranFund apart from the crowd is its SafetyNet Program, which moves your money to a new IRA earlier in the process — for free. While typical ROBS plans take 10 to 20 days to rollover your funds, FranFund can finish the process in just 10 days. 

You're assigned a dedicated associate who works with you to make sure the administration of your plan goes smoothly and meets the guidelines of the IRS and Department of Labor (DOL) in case of an audit. 

It also helps you set up your company’s organizational documents, establish a C corporation, open your new retirement plan and more. And it offers special pricing for veterans.


  • Funds may be available within 10 days — faster than other lenders out there
  • Can help you use your newly rolled over funds to apply for an SBA loan
  • Guaranteed protection in case of an audit of the rollover
  • Discounted setup costs for veterans


  • Must have at least $50,000 in a qualifying retirement plan
  • Ongoing costs may not be a good fit for every business type
  • C corporation is required

Compare other business loan options

Data indicated here is updated regularly

Name Product Filter Values Loan amount APR Requirements
First Down Funding business loans
$5,000 – $300,000
Fee Based
At least 1 year in business, an annual revenue of $100,000+, and a minimum credit score of 400
Alternative financing up to $300K with highly competitive rates.
Lendio business loans
$500 – $5,000,000
Starting at 6%
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.
ROK Financial business loans
$10,000 – $5,000,000
Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
A connection service for all types of businesses — even startups.
OnDeck small business loans
$5,000 – $250,000
As low as 9.99%
600+ personal credit score, 1 year in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.
Rapid Finance small business loans
$5,000 – $1,000,000
Fee based
Steady flow of credit card sales, bad credit OK
Fundbox business loans
$1,000 – $100,000
You must have an established business.
Get flat rate, short-term financing based on the financial health of your business, not your credit score.
Kickpay e-commerce business loans
$20,000 – $1,000,000
Not applicable
At least $250,000 in the past 12 months of revenue, e-commerce business, use a 3rd party fulfillment center for storing and shipping inventory, at least one US location.
Get a loan for your e-commerce business based on your sales history.
Fundera business loans
$2,500 – $5,000,000
7% to 30%
$300,000+ of annual revenue, 680+ personal credit score, in business for 3+ years
Get connected with short-term funding, SBA loans, lines of credit and more.
LendingClub business loans
$5,000 – $500,000
12.15% to 29.97%
12+ months in business, $50,000+ in annual sales, no bankruptcies or tax liens, at least 20% ownership of the business, fair personal credit score or better
With loan terms that vary from 12 to 60 months, enjoy fixed monthly payments and no prepayment penalties through this award-winning lender.
Monevo business loans
$500 – $100,000
3.99% to 35.99%
Credit score of 500+, legal US resident and ages 18+.
Use this connection service to get paired with a loan you can use for business.

Compare up to 4 providers

How do I apply?

While you can't directly apply for the FranFund 401(k) financing program through its website, you can schedule a consultation by filling out its Funding assessment form. Follow these steps to get started:

  1. Go to the FranFund website. Click Get started.
  2. Enter your personal information, including marital status, date of birth and if you are a US citizen.
  3. Fill out your business information, including who referred you, whether you own a business, an estimate of the funding amount you need and information about you and your spouse's employment.
  4. Provide financial information, including the totals of your cash accounts, investments, retirement funds, mortgages and revolving credit lines.
  5. Review the information and click Submit.

What documents do I need to apply?

While you won't need to provide verification documents to request a consultation, you should have the following on hand so that you can give FranFund accurate information to work off of:

  • Personal credit score
  • Checking and savings statements
  • Retirement fund statements
  • Current statements for all investments
  • Mortgage document and the current fair market value of your house
  • Statements for any open credit lines

If you’re not sure a ROBS is for you, compare more options with our guide to business loans.

Expert review

Kathryn Pomroy

Review by

Kathryn Pomroy was a writer for Finder, specializing in loans. She has written for dozens of major publications, small businesses and many well-known personal finance companies, including LendingTree, Money Crashers, Quickbooks/Intuit, BankRate, LendEDU and more. Kathryn holds a BA in Journalism and drinks super bold coffee while eating peanut butter and honey toast.

Expert review

FranFund offers a Rollovers for Business Startups (ROBS) plan that lets you use qualifying retirement funds to start your business with no debt. It offers a discount on its setup fee for veterans — but even if you don’t qualify, its cost is comparable to similar services.
Its SafetyNet program, which allows you to rollover your funds in as little as 10 days, and its SBA loan tie-in option set FranFund apart from the crowd. Still, if you want the lowest possible rates for setup and maintenance or extended guarantees, FranFund may not be the best fit for your business.
Not sure it’s right for you? Explore other business loan options before you apply.

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