Posts by Nicole Foley
Small Business Lending Trends To Watch in 2023
If you’re a small business owner in this day and age, you have already shown remarkable tenacity. Between the COVID-19 pandemic and its wide-ranging effects on the economy, small business owners have survived a great deal of uncertainty. How can you secure financial assistance for your business in the future? Throughout 2023, watch for these…
Read MoreWhat Types of Businesses Can Use Rollover Financing?
When it comes to funding your business venture, you have a variety of options at your disposal. From crowdfunding to venture capital to traditional bank loans, there’s a funding solution for every set of circumstances. If you have a healthy nest egg in your 401(k) retirement account, consider using it to your advantage with a…
Read MoreHow To Avoid Debt While Starting a New Business
Starting your own business is going to cost money, no matter what. You’re bound to accumulate some debt as you set up your company, but there’s good debt and then there’s bad debt. Good debt includes money taken out in small amounts you know you can pay back, and it contributes to establishing a solid…
Read MoreThe Benefits of Working With Other Small Businesses
When you start your own small business, there’s bound to be competition from other enterprising owners. However, there are many benefits to be had from working with other small businesses instead of pitting yourself against them. Learn more about the power of collaboration in the small business world. Fuel Innovation If all small business owners…
Read More5 Tips for Managing Growth of Your Small Business
When your small business experiences a growth explosion, you may feel exhilarated at your sudden success—and overwhelmed by the prospect of maintaining it. Prevent your venture from going through a boom-and-bust cycle by properly managing the growth of your small business. Pango Financial is here to provide you with helpful tips for successful growth management.…
Read More5 Tips for Choosing a ROBS Service Provider
ROBS, or Rollover for Business Startups, is a program designed to help small business owners use their retirement accounts for business funding without accruing penalties. If you are a prime candidate for this type of business financing, use Pango Financial’s tips as you choose a ROBS service provider. Choose an Experienced Firm As you shop…
Read MoreWhat You Need To Know About Contributing to a 401(k)
If your regular day job has a 401(k) program, you’ll do well to take advantage of that savings opportunity. 401(k) retirement accounts offer tax advantages to individuals who contribute a portion of their paycheck to that investment account. What should you know about contributing to your 401(k)? Pango Financial is here to offer a few…
Read MoreFinancial Resolutions for Your Business in the New Year
Now that the new year is upon us, it’s time to brainstorm a fresh set of goals for your small business. Whether you want to pay off debts or expand your business to a new location, set some achievable financial resolutions for your business this new year. Pango Financial is here to help you get…
Read MoreHow To Prepare Your 401(k) for Business Financing
Funding your small business with your 401(k) fund is a great way to get your startup off the ground without going into debt. After all, the money’s already yours—you spent years accumulating those funds with your hard work. Now it’s time for all that hard work to pay off on your terms! Some entrepreneurs choose…
Read MoreSetting Manageable Goals for Your Small Business
How do you want to grow your small business in the new year? Learning to set manageable small business goals requires knowing what you want to achieve before you reach for the stars. Once you have a direction in mind, you can break down those goals into smaller steps. To help you sort out your…
Read MoreWhat Effect Does 401(k) Business Financing Have on Taxes?
If you’re looking at your 401(k) retirement account as a possible source of funding for your business, you need to think ahead. What effect does 401(k) business financing have on your taxes? Pango Financial has compiled a quick guide to highlight the effects of this financing method on your future tax filings. 401(k) Loans vs.…
Read MoreHow ROBS Financing Is Investing in Your Future
How can you invest in your future with ROBS financing? If you’re considering going into business for yourself, your retirement account can be an effective source of startup funding. With a Rollover for Business Startups (ROBS), you create a 401(k) program in your business’s name and roll your existing funds into the new program. This…
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