Skip Sheppard took a bet on himself in 2011: The 59-year-old used $200,000 from his retirement accounts to buy a business. Using a financing option called a Rollover for Business Startups, or a ROBS, he reopened and expanded Three Lantern Marine and Fishing, turning the Gloucester, Massachusetts, fishing supply store with $275,000 in sales into...
from NerdWallet
https://www.nerdwallet.com/blog/small-business/rollovers-as-business-startups-robs/
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