Small businesses worldwide are experiencing severe economic and operational disruption as the global COVID-19 pandemic unfolds. It affects your workforce, your supply chain, your bottom line—all in ways you may not have thought about as recently as last month.
This is no time for panic. Help is on the way.
At Pango Financial, we want you to know that you can count on us for strategies and alternatives that can provide relief. As we write this, the U.S. Congress is finalizing a massive economic stimulus package that could serve as a lifeline to millions of small businesses and workers in the hardest-hit industries and markets. If negotiations proceed as hoped, cash to jump-start the economy could start flowing to consumers as soon as early April.
Meanwhile, a few key points to remember:
• The Federal Reserve has already lowered the federal funds rate to 0%, making SBA funding available at historically low rates. Our small business experts can help streamline your application process and secure SBA funding to get you through a crisis.
• Our celebrated DreamSpark® Plan is still available and can have you funded with tax-free capital in as little as 3 weeks. You can even use the proceeds toward a down payment on an SBA loan. The plan lets you unlock retirement savings for use in your own business.
• If you’re concerned about recent declines in equity values, you don’t have to sell investments at a loss to raise capital. We can structure business funding that’s backed by securities held in your name. As the crisis passes and stock prices recover, you still own the full (and rising) value of those equities.
Our perspective: Like other national crises, the current one will not last forever. We can help you develop customized short- and medium-term financial solutions aimed at restoring your cash flow and keeping your business running through the scary times. So you can be well positioned to capitalize on the inevitable recovery to come.
This, too, shall pass. And until it does, Pango Financial has your back.
Amid all the economic uncertainty at the national level, we can help you be resilient. Contact our small business specialists at 1-855-WHY-PANGO (1-855-949-7264).