Jerry structured a loan with his IRA
How did the process begin?
Jerry was looking for a way to diversify his retirement savings when he came across an investor who was raising money to build a new local craft brewery.
What made a self-directed account interesting?
Having worked in a similar industry for most of his career and a passion for craft beers, Jerry was able to determine that this was a viable business opportunity with growth potential. Plus he was excited to support small businesses like this in his neighborhood.
Why New Direction Trust Company?
Jerry felt supported and empowered by the NDTCO educational tools every step of the way. NDTCO’s live webinars made it easy for Jerry to determine what steps he needed to take, and he was able to ask questions and receive answers in real time.
What were the results?
The deal was profitable for both parties, as Jerry was able to invest in a project he was passionate about, knowing that his funds were being put to good use, while the owner was able to raise funds at a rate more beneficial to him than going through a traditional bank.