Please note: Call center hours expanded to open at 8:00 am EDT to better serve our clients.
Visit our Coronavirus Resource Center for important updates and resources to help you navigate this time (this resource center also includes information related to the CARES Act and IRS Tax Deadline updates).


Promissory Note Investing

How to Help Local Small Businesses Financially Impacted by COVID-19

April 2, 2020
Small businesses create two thirds of net new jobs in the U.S. and account for 44 percent of the nation’s economy.
U.S. Small Business Administration, 2019

Buy gift cards to your favorite local restaurants/shops

Many businesses are selling gift cards, and often they can be purchased online for a contactless transaction. Gift card sales help these local establishments with an infusion of cash when they’re otherwise not receiving revenue. When businesses are running at full capacity again, you can redeem the gift card and show your support with your presence.

Invest directly in small businesses if you can

It’s possible to provide a direct financial boost to businesses taking a hit. You may be thinking, “I’m not a bank, so how could I help?” If you have money sitting in your retirement account, you could potentially help a small business, either with a loan or by investing in a business.

Through a self-directed IRA, it is possible to provide promissory notes or invest in private businesses. Many investors don’t realize there’s a wide variety of options when it comes to investing your retirement account – in fact, the IRS lists only a handful of investments that aren’t permitted in an IRA.

To invest in a small business with an IRA, you need to open an account with a self-directed account custodian such as Equity Trust.

Learn more about private lending with an IRA.

Learn more about investing in private entities with a self-directed IRA.

Learn more about permissible and prohibited investment options: review the self-directed rules and regulations.

Are you using your self-directed IRA to help your community in this time of need? We want to hear your story! Email and tell us about it.

15-Minute Guide to Notes Investing with a Self-Directed IRA

Have Questions?

Get answers to your questions and learn more about building wealth with tax advantaged accounts.

Ask Us