Posts by Nicole Foley
How To Fund Your Small Business With Your Retirement Plan
There are many ways to secure start-up capital for your new business. From crowdfunding to partnering with a venture capital firm, you’re surrounded by financing options. If you’re more of a self-starter but don’t have the liquid assets on hand, consider peeking into your 401(k) or other retirement account. Why not fund your small business…
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…
Read MoreHow To Secure Working Capital for Your Business
Working capital loans are a great boon to small businesses that don’t have the upfront funding. There are a variety of ways to raise that money, from 401(k) financing to crowdfunding. What is a working capital loan, then? It’s a short-term loan from your bank or alternative lender to pay start-up costs and grow your…
Read More5 Benefits of Receiving a Start-Up Business Loan
Entrepreneurs looking to start their own businesses or grow existing ones have many financing options. For many folks, self-funding just isn’t feasible, so they may consider taking out a loan. Luckily, there are plenty of lenders and financing tools to give you a helping hand. Here are five helpful benefits of receiving a start-up business…
Read MoreTrends in Small Business Funding in 2022
Small business owners are cautiously optimistic heading into 2022. Over the past two years, small businesses learned the value of resilience and quick thinking. Now that lenders are opening back up, it’s time to learn some trends in small business funding in 2022. Take a look at your options—one might be right for you. Lenders…
Read MoreHow Does Small Business Startup Funding Work?
Once you’ve come up with a unique business idea, the first step in launching that business is to find funding. Before you officially open your doors, you’ll need startup capital to find a location and hire employees. If you don’t have all that cash handy, you’ll need to take out a loan or research alternative…
Read MoreDifferences Between 401(k) Loans & 401(k) Business Financing
If you are a new business owner looking to pay your startup costs, you have a few options at your disposal. Your 401(k) retirement account could be instrumental in getting your business off the ground. But what are your options? Look at the difference between 401(k) loans and 401(k) business financing to make the most…
Read MoreWhat To Know Before You Sign Your Business Loan Agreement
If you’re a new or aspiring business owner, each step in the process can feel daunting. There are dozens of documents to sign and projects to finish before you open! Learn what to know before you sign your business loan agreement, and read each document carefully to understand exactly what you’re signing. What Is a…
Read MoreWhat Are the Most Popular Franchised Industries?
Partnering with a franchisor is a powerful way to establish and grow your business. The venture benefits both parties—you, as the franchisee, get to sell valuable products and services while the franchisor expands their own brand. However, it’s important to consider what industry you work in and what the most popular franchised industries are. Let’s…
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