The DreamSpark plan will help financial institutions close more SBA 7 (a) loans given the borrower’s ability to put more equity into the transaction
Wilmington, DE (PRWEB) October 14, 2015
Pango Financial is an alternative funding company to small and medium size enterprises (SMEs). Pango has developed the DreamSpark plan to help aspiring entrepreneurs and companies to fund their new business idea or existing corporation. The DreamSpark plan enables people to utilize their retirement funds penalty free and tax deferred to invest in their own business.
The core service establishes a qualified retirement plan (i.e., the DreamSpark plan) that will allow a person to rollover existing retirement funds into the new plan. These funds in-turn can be invested in an individual’s own business tax advantaged.
William Keenan,CEO of Pango Financial, is a former banker having held leadership positions with a number of money center banks. “The DreamSpark plan will help financial institutions close more SBA 7 (a) loans given the borrower’s ability to put more equity into the transaction”, Keenan said. Pango plans to partner with small business lenders who are interested in offering the DreamSpark plan to their customers. In addition, Pango is also looking to broaden its panel of small business lenders to provide financing options to its customers. Pango Financial will be exhibiting at the upcoming Money 20/20 conference in Las Vegas October 25-28th.