Monthly Archives: April 2014

Pango Financial Would Like to Welcome the New SBA Head

Pango Financial welcomes the new Administrator of the Small Business Administration (SBA), Maria Contreras-Sweet. We are excited that President Obama has selected a woman who understands the needs of small business and the evolution of banking. The banking industry is beginning to recognize the value in alternative financing options. Pango Financial looks forward to enabling entrepreneurs to pursue SBA loans by providing equity through use of our DreamSpark plan. The DreamSpark plan allows business owners to take on larger business opportunities by providing the capital injection to meet the qualification to obtain an SBA loan. Typically, business owners need 20-30% in cash of the entire deal to secure an SBA loan. The DreamSpark plan makes this a possibility by allowing prospective entrepreneurs the option to invest retirement savings in their own business while maintaining this investment as tax deferred and penalty free. We look forward to getting America back to “the land of opportunity” one business at a time.

Read more…