Angel Acquisition Corp was pleased to announce today that it has established a vendor relationship with Set for Life Financial (SFL). As terms of the agreement, Set for Life Financial will provide and manage the key components for transaction processing and micro-loan disbursements of the Angels in Action program.
Tim Rocho, CEO of Set for Life Financial, LLC, stated, “Set for Life Financial is pleased to be a key component of the Angels in Action program, providing them the ability to accept credit cards and checks over their website without a ‘cap on’ transaction volume. The acceptance of all major credit cards including MasterCard, Visa, Discover and American Express and checks is a key factor in their success to collect revenue for the Company’s ‘Micro-loan’ program that helps entrepreneurs. Angels in Action has the ability to setup automatic monthly payments for their members as well as loan recipients to pay back their loans.”
Steve Bonenberger, CEO and president of Angel Acquisition commented, “Angels in Action and our affiliated partner companies are excited to be working with SFL on a branded prepaid debit card ‘SFL Card’ to finance and manage the micro-loans through. This program will serve as a tremendous promotional tool putting our brand and message in front of thousands of people as members and loan recipients receive and use their cards to make purchases worldwide. We look to have that program finalized within the next week.”
The Angels in Action portal provides entrepreneurs an alternative to traditional financing. The program’s mission is to help entrepreneurs create thousands of good paying jobs, sustain companies that are troubled in this time of economic uncertainty and bring support systems to each and every entrepreneur that chooses to participate.