Pango CARES Act Payment Protection Plan

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On Friday, March 27, the president signed the $2.2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act into law, providing a wide range of urgently needed financial relief across many vulnerable economic sectors.

Most notably for small business owners, the package includes low-interest loans (4 percent or less) to help small businesses (those with fewer than 500 employees) pay operating expenses through the end of June.

The funding allocated for small business comes with some conditions: You must maintain current employment levels through June 30 and use the loaned funds for ongoing expenses like payroll, healthcare, rent and utilities. There’s also good news:

  • No collateral is required
  • The CARES-funded loans are federally backed
  • Some or all of the principal can be forgiven
  • You can apply for up to $10 million¹

We can help you access SBA funding under the CARES Act

If you own a small business in DE, PA, MD or NJ our small business funding specialists can help you get a Paycheck Protection Program (PPP) loan. We’ve received thorough training in the processes and procedures required, and we can help you determine the best avenues for securing the funds you need. Our immediate goal is to help you continue operating during this challenging period. To speak with one of our specialists, call 1-855-WHY-PANGO (1-855-949-7264).

¹ Sba.gov

Get your dreams funded now!

Get your dreams funded now!

Whether you have an existing business or a new start-up, Pango Financial’s full suite of innovative funding solutions can help your business get the jump-start it needs. We offer a variety of financing solutions that can be used individually or combined with another option to create the customized financing that fits your long and short-term goals.

Let Pango Financial help design a plan that incorporates one or more financing options to give you maximum financial flexibility and affordability.

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DreamSpark®
401(k) rollover plan

Our 401(k) rollovers for business startups, the DreamSpark® plan, allows you to use your 401(k) or other eligible retirement funds as working capital for your business or franchise—tax-deferred and penalty free.

SBA Loans

The U.S. Small Business Administration guarantees small business loans for banks, with attractive terms and lower interest rates. It’s a good option when buying an existing business or a new franchise.

Unsecured Line of Credit

An unsecured line of credit doesn’t require collateral, and if you have solid credit, we can help you get quick approval and business funding.

Marketable Securities

Use your stock portfolio as collateral for a low interest rate loan for business funding.

Accounts Receivable

Use your receivables (invoices) as a means of generating a consistent and steady cash flow.

Equipment Funding

Avoid costly depreciation by leasing your equipment. It offers potential tax savings and doesn’t require additional collateral.

Conventional Bank Loans

An established source for your business funding, a conventional bank loan may be secured or unsecured, and has a set term, set amount borrowed and interest rate.

DreamSpark®
401(k) rollover plan

SBA Loans

Unsecured Line of Credit

Marketable Securities

Accounts Receivable

Equipment Funding

Conventional Bank Loans