Wilmington, DE (PRWEB) April 29, 2014
As of this month, Pango Financial has officially established its headquarters in downtown Wilmington, Delaware. The just-launched company is dedicated to bringing viable alternative funding solutions to startups and small businesses state- and country-wide. Through its DreamSpark plan, individuals may fund a new business, a franchise or inject capital into an existing business utilizing retirement funds without penalty or incurring tax for early withdrawal.
There are 5.7 million employers and 9.7 million self-employed in the United States. According to the Small Business Administration, 5,000 new businesses were established in Delaware in 2011, amounting to just over 19,000 small businesses in total for the state. These firms are responsible for employing over 181,000 people – a number Pango hopes to help grow in coming years.
“While we will support entrepreneurs in any state, I am excited by the prospect of growing business and employment activity in Delaware,” said William Keenan, Chairman and CEO of Pango Financial.
Pango Financial offers an avenue for self-employment for those who have retirement assets, have dropped out of the workforce, and are looking to take control of their future. The unemployment rate for the state is 6.1%, and even higher at 9% in the City of Wilmington. Small businesses create 70% of new jobs in the United States; East Atlantic Investment Corporation – the primary investor behind Pango Financial – has been focused on starting a number of businesses in Delaware.
“I believe Delaware offers a great business climate and while clients can choose to incorporate in any state through the DreamSpark plan, we hope many will capitalize on our home advantage,” said Kevin Foley, President of East Atlantic Investment Corporation.
Kim Paternoster, raised in Delaware, is a Director of East Atlantic Investment Corporation. Paternoster has always been passionate about business and worked at First USA (now Chase) when it first moved to Delaware. Along with other leaders of EAIC, Paternoster’s support was instrumental in bringing Pango Financial to fruition.
“Pango offers a great option to help turning an idea into a product and a business,” said Paternoster.
The company’s team of expert leaders are devoted to helping clients use its best-in-class solutions to fund their dreams. Pango may provide access to sufficient liquidity, subject to the size of an individual’s retirement funds, to buy or start a business outright. However, it also may open up the opportunity to access a business or SBA loan given the equity invested in the transaction.
For more information, please visit http://www.pangofinancial.com or call 1-855-949-7264.
About Pango Financial LLC
Pango Financial is the leader in providing online and on-the-go launch and growth solutions to entrepreneurs and small businesses at the lowest cost without compromising value. The company’s mission is to make its clients business dreams a reality – for less. Its team of experts boasts over 75 years of combined experience in the financial, banking, and marketing industries.
Pango’s signature DreamSpark plan unlocks retirement savings to drive investment for the future, completely tax deferred and penalty-free. As the price leader, Pango invites prospective clients to comparison shop to confirm that Pango Financial provides the highest value at the lowest cost.