We understand how important capital is to your business. Tenet works closely with you to choose the right funding source to meet your needs.
What We Offer
Most Popular Products
- Unsecured Lines of Credit
- Self-Directed 401(k) Plans
- SBA Loans
The Tenet Difference
We’re there from day one through the life of your business, as you need us.
Frequently Asked Questions
The funding process can be difficult to navigate on your own, especially since funding options as well as requirements for funding change almost daily. Tenet Financial Group is prepared to answer your questions. Here are a few commonly asked questions. To see all of our FAQs, visit the FAQ page.
What makes Tenet Financial Group different?
Tenet Financial Group is not a sales company. We provide a very high level of customer service to ensure that the design, installation and administration of your new 401(k) plan is done correctly. For most of our clients, this process is largely unfamiliar. Because of that, we view our professional responsibility to our clients as one of our highest priorities.
My CPA/attorney isn't familiar with this. Is it legal? How long have people been doing this?
The governing body of law that allows a 401k Plan to purchase stock in the plan sponsor was passed in 1974. Although retirement plans like this are prevalent with big corporations, their use in small corporations is relatively new. For that reason, your CPA or Attorney may not be aware of it.
How much does it cost?
Tenet Financial Group charges $4,995 to design and install the 401k Profit Sharing Plan. The annual Administration Fee is billed monthly at $120, starting the month after the effective date of the plan.
How long does this process take?
The average length of time to fund the corporation is 3 to 4 weeks.
What our clients have to say about Tenet Financial Group
From day one, Tenet Financial Group was a clear favorite for a couple of reasons. First, they stayed in touch on a regular basis. No need for me to chase them down, or play phone tag. They were always available…And now that we have been running the business for a few years, I’d add another large plus. Their assistance in the administration of our 401(k) plan leaves nothing to chance. It’s easy to follow, they provide direction on a regular basis and their on-line tools make the initial implementation and updates in a snap.
Given the complexities of IRS regulations related to the use of IRA/401(k) funds for business acquisition purposes, it was critical that I rely on the professionals at Tenet Financial Group to guide me and my financial team through the process. In addition to the initial purchase transaction, Tenet Financial Group was very diligent in ensuring that my corporation was properly structured to include the implementation of participation within the plan with my new employees.
After looking at a number of local options for funding my business, it was clear that Tenet Financial Group was the best option. They were more up to date on the regulations, they took care of every step in the process and they made sure I understood what was going to happen next. They were even one step ahead of my accountant. It was one less worry for me, and I could get started running my business knowing that the financial structure of my company was set up correctly.