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Which financing options are best for your business needs?

Which financing options are best for your business needs?

If you’re planning to establish, buy or expand a business, Pango Financial offers a wide range of options to provide the funding you need. You can take advantage of these options individually or in combination to create a comprehensive financing package that fits perfectly with your long- and short-term goals.

Our financing options include:

DreamSpark 401(k) Rollover Plan: The most cost-effective way to unlock retirement savings, so you can invest in your business tax-deferred and penalty-free. Allows you to leverage funds in a qualified retirement plan [including 401(k), IRA, PSP, 403(b), SEP IRA, or government 457(b)] so you can own a portion of your business inside your retirement plan—without incurring taxes or penalties.

Small Business Administration (SBA) Loan: An SBA loan typically has easier credit requirements and lower monthly payments than bank financing. You can use the proceeds, between $100K and $5M, for any legitimate business purpose, including working capital, expansion and more.

Unsecured personal line of credit: This type of financing requires no collateral and provides a ready cash reserve you can use when needed. You pay interest only on your outstanding balance. As you repay the principal, it becomes available for re-use at a later time. To qualify, you’ll need a strong personal credit history, including no bankruptcies, with a FICO score of 680 or higher.

Marketable Securities: Offers relatively low interest rates because the loan or credit line is secured by your portfolio of eligible investment securities.

Factor (Accounts Receivable financing): Provides faster cash flow based on the value of your company’s accounts receivable. A buyer purchases your existing invoices for less than 100 percent of their value. Because it’s not a loan, there are no installment payments, and you can use the proceeds for any purpose. Available for established businesses (not startups) owned by individuals with strong credit and a FICO score of 650 or higher.

Equipment leasing: Offers fixed-rate financing for the use of business equipment over a fixed period of time. At the end of the term, you can purchase the equipment outright at a reduced rate or return it. No collateral is required other than the leased equipment itself. Minimum value: $10k.

Conventional Bank Loan: Provides capital for any business purpose for a fixed period of time at an annual percentage rate. Can be secured or unsecured. Offers predictable installment payments. Requires strong personal credit and a FICO score of 680 or higher.

To learn more about our funding options, including the innovative DreamSpark plan, call 1-855-WHY-PANGO (1-855-949-7264). Our advisors will walk you through the options and help you customize a financial plan that supports your business.

Your Retirement Dollars Could be the Key to your Dream of Business Ownership

Your Retirement Dollars Could be the Key to your Dream of Business Ownership

The stock market has had its ups and downs.  Many people are expecting that at some point soon there will be a correction in the market.  Are you seeking other alternatives to invest your retirement savings?  Are you burned out from corporate life?  Did you know that tax deferred retirement accounts can be invested in… Continue Reading