Banking/Financing

Company Snapshot

• Year Founded: 2008
• Headquarters Location: Aledo, Texas
• Ownership: Private
• Key Executives: Derrick Skogsberg (Founder \& CEO), Kevin Bultman (President), Sam Phelps (Director of Development)
• Number of Locations: Single headquarters location with 11-50 employees
• Public Contact: (888) 901-3335, www.tenetfinancialgroup.com

Company Overview

Tenet Financial Group is a Third-Party Administrator specializing in Rollover as Business Startup (ROBS) plan design, installation, and administration for small businesses and franchises. Founded in 2008 by Derrick Skogsberg, the company leverages over 100 years of combined team experience to provide comprehensive funding solutions including SBA loans, unsecured funding, and equipment leasing. The company's mission centers on being "simple, transparent, and honest" while helping entrepreneurs secure capital quickly and efficiently.

Services Offered

• ROBS (401k Rollover) Administration: Complete Third-Party Administration services for using retirement funds to invest in businesses tax-deferred and penalty-free
• SBA Loan Programs: Express loans for faster access to smaller amounts, standard 7(a) loans for substantial business needs, and 504 loans for fixed asset purchases
• Unsecured Business Funding: Flexible financing without collateral requirements, offering terms up to seven years for growth opportunities and cash flow management
• Equipment Leasing: Lower upfront cost financing solutions that preserve working capital while providing access to necessary business equipment and technology

Value Proposition

• Industry Specialization: Focuses specifically on small businesses and franchises across all industries, with particular expertise in franchise funding solutions
• Key Benefits: Enables debt-free business startups through ROBS transactions, provides faster funding timelines (typically 4-5 weeks for ROBS), and offers comprehensive long-term plan administration reducing compliance burden for franchise owners
• Franchise Expertise: The company has funded numerous franchise brands and maintains testimonials from franchise owners who successfully used their services, with the founder himself having used ROBS funding to start the company, demonstrating deep understanding of the franchise funding process