A ROBS arrangement is a funding option that allows prospective self-storage business owners to use their retirement funds, such as an IRA or 401(k), to finance the start-up costs of their new business.

Garrett Byrd
Storage Authority
Vice President
677 N Washington Blvd.
Sarasota FL 34236
Garrett@StorageAuthority.com
Direct: 941-928-1354 (Call/Text)
www.StorageAuthorityFranchise.com

DIANE ROSENKRANTZ
Senior Consultant
Tenet Financial Group
413-354-4662
diane@tenetfinancialgroup.com
www.tenetfinancialgroup.com

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Starting a new business can be a daunting task, especially when it comes to financing. Many entrepreneurs struggle to secure funding for their business ventures, but Storage Authority and Tenet Financial are revolutionizing the way that new businesses are funded.

Storage Authority is a self-storage industry consulting, development, and management company that provides support and guidance for entrepreneurs looking to break into the self-storage industry. They offer a range of services for new self-storage owners, including feasibility studies, site selection assistance, business planning, and more.

Tenet Financial, on the other hand, is a company that provides Rollover as Business Startups (ROBS) solutions for entrepreneurs. In essence, ROBS allows entrepreneurs to use their retirement funds to fund a new business venture without incurring penalties or taxes.

Together, Storage Authority and Tenet Financial are bringing the power of ROBS to the self-storage industry. Through this partnership, entrepreneurs can use their retirement accounts to fund the purchase or development of a self-storage facility, without having to worry about the financial burden of traditional financing options.

The benefits of using ROBS to fund a self-storage business are significant. First, ROBS allows entrepreneurs to access their retirement funds without incurring taxes or penalties. This means that entrepreneurs don’t have to worry about taking out loans or securing traditional financing, which can be difficult and time-consuming.

Secondly, ROBS allows entrepreneurs to fund their businesses without giving up any equity. This means that entrepreneurs can keep full control of their businesses and can avoid having to share profits with investors. This is especially important for self-storage owners, who often rely on rental income to generate revenue.

Finally, ROBS allows entrepreneurs to fund their businesses quickly and seamlessly. The process typically takes just a few weeks, and entrepreneurs don’t have to worry about the lengthy application process required by traditional financing options.

In conclusion, the partnership between Storage Authority and Tenet Financial is changing the way that new self-storage owners can fund their businesses. With the power of ROBS, entrepreneurs can access their retirement funds without incurring taxes or penalties, keep full control of their businesses, and fund their ventures quickly and seamlessly. This innovative solution is allowing more entrepreneurs to break into the self-storage industry and achieve their business goals.