Archive for June 2022
How To Complete a Business Plan: A Step-by-Step Guide
As you research the best ways to start a small business, you’ll read a great deal about the importance of a business plan. You’re full of ideas and excited to get going, so how do you organize that energy into a cohesive strategy? Harness that excitement and ambition before you apply for any loans; you’ll…
Read MoreTips for Navigating Funding for Your Small Business
Small businesses require a great deal of startup capital and sufficient funds to maintain its growth. If the world of business funding has you scratching your head, read these tips for navigating funding for your small business. Know Your Options There are a few main avenues to secure that initial funding for your business: SBA…
Read MoreTips for Starting a Business With 401(k) Funds
Are you looking to leave the rat race behind and start your own business? Small businesses can see great success with proper funding and a solid business plan. While small business loans are a popular option for new owners looking to grow quickly, but you may have some funds of your own tucked away. Use…
Read MoreWhat Is Loan Principal and Why Is It Important?
A standard small business loan has two parts: principal and interest. An understanding of both elements plays a large role in the success of your business and your financial well being going forward. Pango Financial is here to answer two critical questions for you: what is loan principal, and why is it important? Principal: The…
Read More5 Factors That Determine Your Approved Business Loan Amount
To start your business off on a strong foundation, you’ll need adequate startup capital for all those initial costs. The SBA (Small Business Administration) can help you get approved for loans from banks and other traditional lenders. But what ultimately determines that dollar amount? Here are five factors that determine your approved business loan amount.…
Read MoreHidden Business Loan Fees To Be Aware of Before Applying
When you obtain a business loan, you’ve got the capital to get your business off to a strong start. It’s exciting! But before you sign all that paperwork, read it over in its entirety. Look out for these hidden business loan fees before applying. Application Fees When you fill out a business loan application, your…
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