www.whypango.com

2016 1 Star Sponsor & Exhibitor
2015 1 Star Sponsor & Exhibitor

Pango Financial

Pango Financial offers an online alternative funding platform for small and medium size enterprises known as the DreamSpark plan. The DreamSpark plan is a qualified retirement plan that is customized through the online platform interactively by the client. This defined contribution plan is unique as it enables individuals to rollover retirement funds into the plan and invest in an existing or start up business without incurring a tax or penalty. It is also a mechanism for employees to continuing saving for retirement.

To help the client determine if their existing retirement savings qualifies for rollover and that their business aligns with the compliance requirements of the DreamSpark plan Pango has created a compatibility checker with intelligent decisioning. The client can only proceed with engagement process through the secure portal if they meet the qualification requirements for the program.

As part of the DreamSpark plan online client experience we provide a turnkey capability to business owners and “would be” entrepreneurs to systemically form a C corporation, secure an EIN number, elect registered agent and provide financial information to obtain a business valuation. These features are provided as a free service in support of our core product, the DreamSpark plan. The DreamSpark plan engagement can be complete in as quickly as 3 weeks or less in most states.

The system provides help and information to the client based on their responses throughout the setup process. We also store all formation documents for the client’s access on our cloud for their convenience. E-signature is used throughout the system on any legal or formation documents. This allows for speed.

The DreamSpark plan’s investment in the business can also be paired with SBA 7(a) or conventional business loans to satisfy the equity investment requirements to secure a loan. These funds would otherwise be protected assets but with the DreamSpark plan individuals can invest retirement savings in their business to secure a much larger conventional bank loan.

Pango Financial is dedicated to enabling entrepreneurship with the DreamSpark plan as a tool and to offer this service at an affordable price for maintenance and setup to level the playing ground for small and medium size businesses. Innovative use of technology, automation and leveraging lean startup growth tactics have allowed Pango Financial to begin to attain this goal and serve this market which is critical to the US economy.

2016 1 Star Sponsor & Exhibitor
2015 1 Star Sponsor & Exhibitor