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Keep in mind that this would not be a revolving loan. That means you could not return the funds to the traditional IRA and then take the money back for another 60-day loan. As the IRS puts it, "Generally, if you make a tax-free rollover of any part of a distribution from a traditional IRA, you cannot, within a one-year period, make a tax-free rollover of any later distribution from that same IRA. You also cannot make a tax-free rollover of any amount distributed, within the same one-year period, from the IRA into which you made the tax-free rollover." So, you can take a short-term loan; just make sure you follow the rules and you should be fine. Business Loans No lender might agree that loan of 00 in under a-day.
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