Everything you need to know about adoption loans

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Adoption loans and grants can help you cover the costs of adopting a child. Learn more about lenders and other organizations that offer them. (iStock)

Deciding to grow your family through adoption is exciting, but it can also be expensive. Adoption-related expenses vary widely depending on whether you’re adopting a child from foster care, going through a private agency, or adopting internationally. 

Adopting a child from foster care involves very little expense because federal and state adoption assistance programs help offset costs. But a private adoption can cost anywhere from $20,000 to $45,000, and an intercountry adoption averages between $20,000 and $50,000, according to the Child Welfare Information Gateway.

Fortunately, adoption loans can help you finance these costs. Here’s what you need to know about adoption loans.

Check out Credible to compare personal loan rates and find one that’s right for you.

Can I get a loan to finance an adoption?

In short, yes. Many prospective parents turn to adoption loans to help pay for the cost of adoption. In fact, adoption loans come in several different forms. Some lenders offer loans specifically for adoption. But you may also be able to use a personal loan to finance your adoption costs.

Lenders that offer adoption loans 

The following 13 Credible partner lenders offer personal loans that can be used for adoption expenses.

Avant

  • Loan amounts: $2,000 to $35,000
  • Loan terms: 2 to 5 years
  • Best for: Borrowers who don’t have good credit

Axos

  • Loan amounts: $5,000 to $35,000
  • Loan terms: 1 to 5 years
  • Best for: Borrowers with good to excellent credit

Best Egg

  • Loan amounts: $2,000 to $50,000
  • Loan terms: 2 to 5 years
  • Best for: Borrowers with lower income and fair credit

Discover

  • Loan amounts: $2,500 to $35,000
  • Loan terms: 3 to 7 years
  • Best for: Borrowers who want fast funding

FreedomPlus

  • Loan amounts: $10,000 to $35,000
  • Loan terms: 2 to 5 years
  • Best for: Borrowers who want to choose their own payment date

LendingClub

  • Loan amounts: $1,000 to $40,000
  • Loan terms: 3 or 5 years
  • Best for: Borrowers with a strong credit score and low debt-to-income ratio

LendingPoint

  • Loan amounts: $2,000 to $36,500
  • Loan terms: 2 to 4 years
  • Best for: Borrowers with fair credit

LightStream

  • Loan amounts: $5,000 to $100,000
  • Loan terms: 2 to 7 years
  • Best for: Borrowers who want longer repayment terms

Marcus

  • Loan amounts: $3,500 to $40,000
  • Loan terms: 3 to 6 years
  • Best for: Borrowers who want tailored monthly payments

Prosper

  • Loan amounts: $2,000 to $40,000
  • Loan terms: 3 or 5 years
  • Best for: Borrowers who want to pay off their loan early

SoFi

  • Loan amounts: $5,000 to $100,000
  • Loan terms: 2 to 7 years
  • Best for: Borrowers with excellent credit

Upgrade

  • Loan amounts: $1,000 to $50,000
  • Loan terms: 2 to 7 years
  • Best for: Borrowers who are building credit

Upstart

  • Loan amounts: $1,000 to $50,000
  • Loan terms: 3 to 5 years
  • Best for: Borrowers who don’t have strong credit but have an excellent education or job history

Interest-free adoption loans

Some nonprofits and religious organizations offer interest-free adoption loans to adoptive families who meet their criteria. Here are a few options to consider:

  • ABBA Fund The ABBA Fund offers loans designed to cover up to one-third of the overall cost of an adoption, usually in the range of $6,000 to $8,000. Application approval for a zero-interest adoption loan takes six to eight weeks.
  • Hebrew Free Loan Hebrew Free Loan is a nonprofit organization that provides interest-free loans of up to $20,000 to help Jewish individuals and couples in Northern California cover the cost of adoption. To qualify, you must be a Jewish resident of Northern California or working for a Jewish organization in Northern California.
  • Lifesong for Orphans Lifesong for Orphans provides no-interest loans only to traditional two-parent Christian families who are U.S. citizens. The application review process takes four to six weeks.
  • Pathways for Little Feet Pathways for Little Feet provides interest-free loans of up to $8,000. Priority is given to families with the greatest financial need. Applicants must work with a licensed adoption agency.

If you don’t qualify for one of these adoption loans, you can compare personal loan rates for adoption expenses using Credible.

What’s the difference between adoption loans and grants?

Both adoption loans and grants offer funds to help adoptive parents cover the cost of adoptions, but there’s a crucial difference: Adoption loans must be paid back, whereas adoption grants are gifts that don’t have to be repaid.

Because they don’t have to be repaid, there can be a lot of competition for adoption grant resources. It’s a good idea to apply for a variety of adoption grants to improve your chances of getting some financial assistance.

Here are a couple adoption grants to consider:

  • Gift of Adoption Fund The Gift of Adoption Fund offers grants of up to $15,000 to help individuals complete a relative, domestic, or international adoption. Grants are awarded without regard to race, religion, age, marital status, or sexual orientation. Applicants must submit two letters of reference and a $50 application fee with their completed application.
  • HelpUsAdopt.org HelpUsAdopt.org provides adoption grants between $500 and $15,000 to couples and individuals regardless of race, religion, gender, ethnicity, marital status, or sexual orientation. At least one applicant must be a U.S. citizen, and applicants must use a licensed adoption agency in the U.S. The organization prioritizes applicants without children or with failed or disrupted adoption placements.

What are some adoption loan alternatives?

Adoption loans and grants aren’t the only options for financing your adoption costs. Here are some alternatives to consider:

If a personal loan for adoption costs is right for you, visit Credible to compare personal loan rates in minutes.

GoFundMe pulls fundraiser for Waukesha suspect Darrell Brooks

GoFundMe has removed a fundraiser for Darrell Brooks Jr., who has been charged with five counts of first-degree intentional homicide after Sunday’s Christmas parade massacre in Waukesha.

A GoFundMe was created for Brooks in an effort to raise $5 million, the bail amount Waukesha Court Commissioner Kevin M. Costello set for Brooks.

Brooks allegedly drove through a Christmas parade in Waukesha, Wisconsin, killing at least six people and injuring dozens.

A spokesperson for GoFundMe confirmed to FOX Business that the fundraiser was removed from the platform because it violated the GoFundMe Terms of Service.

WAUKESHA PARADE SUSPECT DARRELL BROOKS FACING 5 COUNTS OF 1ST-DEGREE INTENTIONAL HOMICIDE, HELD ON $5M BAIL

Waukesha parade suspect Darrell Brooks arrives in court for his arraignment.

The spokesperson also said that the organizer attempting to raise money for Brooks has been banned from using the platform for future fundraisers.

“Fundraisers with misuse are very rare, and we take all complaints very seriously. Our team works with law enforcement to report issues and assists them in any investigations they deem necessary,” the spokesperson said.

Law Enforcement Today first reported on the fundraiser’s creation.

GoFundMe has come under criticism recently after the Kyle Rittenhouse trial verdict. GoFundMe says that since Rittenhouse was acquitted of a “violent crime,” money could now be raised for him using the platform. Previously, fundraisers for a Rittenhouse legal defense were prohibited on the site. 

“If someone is acquitted of those charges, as Rittenhouse was today, a fundraiser started subsequently for their legal defense and other expenses would not violate this policy,” the statement said. “A fundraiser to pay lawyers, cover legal expenses or to help with ongoing living expenses for a person acquitted of those charges could remain active as long as we determine it is not in violation of any of our other terms and, for example, the purpose is clearly stated and the correct beneficiary is added to the fundraiser.”

Darrell E Brooks, Jr suspected Waukesha christDarrell E Brooks, Jr suspected Waukesha christmas parade attacker mas parade attacker

Police and emergency responders gather after a vehicle plowed through a Christmas parade, leaving multiple people injured in Waukesha, Wis., Nov. 21, 2021.  (Scott Ash-USA TODAY NETWORK via REUTERS / Reuters Photos)

GOFUNDME SAYS RITTENHOUSE FUNDRAISING OK NOW THAT HE IS ACQUITTED

However, GoFundMe allowed fundraisers for the defense of people accused of violent crimes around the same time as the Rittenhouse defense fundraisers were pulled from the site.

Marc Wilson, for example, had a fundraiser on GoFundMe set up by others to pay for his legal defense after he allegedly shot and killed a 17-year-old girl, claiming he did so in self-defense.

The fundraiser for Wilson was active as of Nov. 21 but has since been taken down. It was created on July 1, 2020.

KYLE-RITTENHOUSE-TESTIMONY-KENOSHA-WISCONSIN

Kyle Rittenhouse talks about how Gaige Grosskreutz was holding his gun when Rittenhouse shot him Aug. 25, 2020. Rittenhouse was testifying during his trial at the Kenosha County Courthouse in Kenosha, Wis., Nov. 10, 2021.  (Sean Krajacic/Pool via REUTERS TPX IMAGES OF THE DAY / Reuters Photos)

CLICK HERE TO READ MORE ON FOX BUSINESS

“It is too early to tell if GoFundMe now will be consistent or whether this is simply a reaction to the negative fallout regarding Rittenhouse,” William Jacobson, clinical professor and director of the securities law clinic at Cornell University Law School, told Fox News.

“The bigger question is why GoFundMe will not permit fundraising for legal defense of people accused but not convicted. It seems illogical to say that someone can raise money to defend themselves but only after they are acquitted, when they no longer need funds to defend themselves,” Jacobson said.

Fox News’ Michael Ruiz, Stephanie Pagones, and Breck Dumas contributed to this report

Pandemic Survival Tips for Small Business Owners

The pandemic has stretched out longer than anyone anticipated and affected a significant number of small businesses nationwide. On average, at least 600,000 businesses close every year, but a recent study from the Federal Reserve reported approximately 130,000 more businesses had closed their doors for good last year than in previous years. The bulk of these were personal care services, such as beauty salons, barbershops, etc.

If you are a small business owner facing continued hardship these days, here are a few ways your business can survive the pandemic and move forward to a brighter future.

Employee “Fireside Chat”

Your employees need reassurance right now. They are afraid and anxious for themselves, their families and, of course, their source of income. The last thing these employees want is a business owner in panic mode. You, as the employer, certainly want some reassurance from them as well — that they will remain loyal and hardworking and keep the business moving strong.

If you have a premium Zoom account, there’s a lot to be said for camaraderie at this point. A weekly get-together on a virtual chat can do wonders for morale and help make your employees feel special. This is an excellent opportunity to get to know the people working for you a little better, talk about new ideas for the company, or highlight important events. While you could certainly treat it like a business meeting if you like, try to keep things light. These people want to know you have their backs, but they also want to know you care. Keeping your employees abreast of things and complimenting them in public to others are effective ways to keep them engaged in your business. Even having a spirited webcam contest, such as “best room design,” can help people feel less nervous and stressed and more hopeful that things will be alright.

Provide for the Future

One of the most important things a business should create is a plan. Whether you look two, five or even 10 years down the road, it is nice to have a blueprint for your business’ future. The pandemic has undoubtedly made it more critical than ever to have an emergency or contingency plan. Too many companies just didn’t plan for one and went under. Maybe your small business was not too severely affected by the loss of work or customers, and that’s great. But if you’re facing hardships now, there are still a few things you can do for future growth. First, create a flexible schedule for your employees and include optional hours for remote work. Second, provide on-site employees with full anti-viral and other safeguard protections. Finally, consider your materials list. Check to make sure materials or products you use are still abundant and stockpiled to avoid shortages. Little things like this will help your business stay more robust in the long run.

Maintain Your Social Media Profiles

Whether you tweet on Twitter or post on Facebook, your social media presence needs to be as strong as ever. With the pandemic still creating lockdowns, quarantines and closures of various facilities or offices, the way you present your business online becomes more important. Consider periodic entries that let your followers know things like a new product or service coming up. Maybe you can do a “check-in” to let them know how things are going, or pass along a hot tip or exciting story. It is vital to keep connected, not just with your customers but with your employees as well. The pandemic has limited how the whole world can meet and greet. With a vibrant online presence, your business can still reach its primary audience.

Keep Your Customers Close

During the pandemic, your instinct might be to take a break and not bother your customers too much, which is the worst thing you can do. You need to reach out more than ever before. Start with emailing your customer list and letting them know that business is still going, although slower. Alert them to some great discounts or sales you can offer, or maybe start a new company newsletter people can subscribe to. The human connection might be limited right now, but the way you connect on a one-to-one basis with your past and present customers makes all the difference. If you show your customers how much they matter to you, you can depend on them for future sales. Answer every email you receive promptly and personally if need be. You may get “unsubscribe” requests, and that’s fine. You want people who will support your business, and a subscription service is a great way to tell who will stick around for the long-term.

The pandemic is testing millions of small businesses around the world right now. The best way to stay successful is to have proper survival strategies in place to stay afloat during even the darkest times.

The best of luck to you all.

Houlihan Lokey Continues Expansion of Its Global Business Services Group With Senior European Hires

James Ireland Joins as a Managing Director and Guy Mullin-Henderson as a Senior Advisor; James Sutch Joins as a Director

LONDON, November 23, 2021–(BUSINESS WIRE)–Houlihan Lokey (NYSE:HLI), the global investment bank, announced today several senior appointments to significantly build the firm’s global Business Services Group’s presence in Europe.

James Ireland joins Houlihan Lokey as a Managing Director and brings more than two decades of experience advising clients on both public and private M&A transactions as well as debt and equity capital raises in Europe. He joins from RBC Capital Markets, where he was Head of European Business Services. Prior to RBC, he worked within Citigroup’s Global Industrials Group, focusing on the services and construction sectors. He began his career with Coopers & Lybrand (now PwC) and is a qualified Chartered Accountant (ACA).

Guy Mullin-Henderson has joined Houlihan Lokey as a Senior Advisor to the Business Services Group in Europe. He has an investment banking career spanning more than 35 years, including 11 years as a Managing Director at RBC Capital Markets, where he successfully established the bank’s Business Services practice, and 11 years as a Managing Director at Rothschild, where he was Global Head of Business Services. Mr. Mullin-Henderson began his investment banking career at Baring Brothers in 1985.

James Sutch joins Houlihan Lokey as a Director with more than 15 years of experience across the business services sector. Mr. Sutch joins from RBC Capital Markets and previously worked in the Business Services teams at Rothschild and PwC Corporate Finance. He is a qualified Chartered Accountant (ACA).

The Business Services Group has been further strengthened with the addition of a team of 11 outstanding financial professionals through the firm’s recent acquisition of GCA Altium, headed by Managing Directors Oliver Vaughan in London and Axel Bauer in Munich, Directors Arthur Callaghan in London, Tom Battersby in Manchester, Sebastian Weindel in Munich, and Senior Vice President Timo Maier in Munich.

“We are delighted to welcome such an experienced and talented group to our global Business Services Group. Our success to date has been built on a combination of strong teamwork, unrivalled industry knowledge, and a fierce commitment to client service. As all of our new colleagues share these cultural attributes, we are confident that all will make huge contributions to the Group and our clients in Europe, working alongside Managing Director Jon Harrison,” said Larry DeAngelo, Global Head of Houlihan Lokey’s Business Services Group.

“At Houlihan Lokey, our Corporate Finance business is undergoing an unprecedented period of growth, adding further strength and depth to our global industry teams, and we believe it is that focus on sector excellence that sets us apart from the competition. Our Business Services Group has established itself as the leader in its field in the US, and our aim is to repeat that success in Europe. We are excited by the addition of this outstanding group of seasoned advisors to the firm,” commented Scott Adelson, Co-President of Houlihan Lokey.

With more than 90 industry-dedicated professionals across the firm’s global network, including now 25 in Europe, Houlihan Lokey’s Business Services Group provides superior service and achieves outstanding results for its clients in M&A advisory, capital raising, restructuring, and valuation. The Group has advised on more than 70 transactions over the past 12 months across every key global region.

About Houlihan Lokey

Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of the firm’s commitment to client success across its advisory services. Houlihan Lokey is the No. 1 M&A advisor for the past six consecutive years in the U.S., the No. 1 global restructuring advisor for the past seven consecutive years, and the No. 1 global M&A fairness opinion advisor over the past 20 years, all based on number of transactions and according to data provided by Refinitiv.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211123005630/en/

Contacts

Investor Relations
212.331.8225
IR@HL.com

Media Relations
Richard Creswell
+44 (0) 20 7747 1480
PR@HL.com

Kirby McInerney LLP Announces the Filing of a Securities Class Action on Behalf of Zhangmen Education Inc. (ZME) Investors

NEW YORK, Nov. 24, 2021 (GLOBE NEWSWIRE) — The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of those who acquired Zhangmen Education Inc. (“Zhangmen Education” or the “Company”) (NYSE: ZME) American Depositary Shares (“ADSs”) pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s June 2021 initial public offering (“IPO”). Investors have until January 18, 2022 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Zhangmen Education, based in Shanghai, People’s Republic of China (“PRC”), is an education company focused on providing personalized online courses to K-12 students in China.

On July 23, 2021, less than two months after the IPO, PRC unveiled a sweeping overhaul of its education sector, banning companies that teach the school curriculum from making profits, raising capital, or going public. These drastic measures effectively ended any potential growth in the for-profit tutoring sector in PRC. On this news, Zhangmen Education’s ADS price declined by $3.36 per ADS, or approximately 35.2{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}, from $9.54 per ADS to close at $6.18 per ADS on July 23, 2021.

On July 26, 2021, Zhangmen Education issued a release providing an update on the new PRC policies, admitting among other things that Zhangmen Education expected “the Guidelines to have material impacts on our existing business operations, financial condition and corporate structure.” On this news, Zhangmen Education’s ADS price declined by $1.21 per ADS, or approximately 19.6{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}, from $6.18 per ADS to close at $4.97 per ADS on July 26, 2021.

On August 25, 2021, Zhangmen Education issued a press release providing a further update on similar policies implemented by the Shanghai government and the implications for Zhangmen Education’s business, stating for example that: (a) “No new provider of after-school tutoring services on academic subjects in China’s compulsory education system (‘Academic AST’) will be approved, while existing Academic AST providers shall be subject to review and re-registration as non-profit organizations”; (b) “Tuition fees for Academic AST shall follow the guidelines from the government to prevent any excessive charging or excessive profit-seeking activities”; and (c) “AST advertising shall be subject to enhanced oversight.” On this news, Zhangmen Education’s ADS price declined by $0.14 per ADS, or approximately 4.2{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}, from $3.37 per ADS to close at $3.23 per ADS on August 25, 2021.

On November 19, 2021, Zhangmen Education announced that its auditor, Deloitte Touche Tohmatsu Certified Public Accountants LLP, had voluntarily resigned. On this news, Zhangmen Education’s ADS price declined by $0.09 per ADS, or approximately 5.8{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}, from $1.56 per ADS to close at $1.47 per ADS on November 19, 2021.

The lawsuit alleges that the IPO Registration Statement failed to disclose that: (a) PRC authorities were in the process of implementing sweeping new regulatory reforms on the private education industry in China including, among others, prohibitions on: (i) profit-making by private education companies, (ii) engaging in core-curriculum tutoring on weekends and vacations, and (iii) capital-raising by companies like Zhangmen Education; (b) the known risks, events, and uncertainties noted in the Registration Statement were reasonably likely to have a material adverse effect on Zhangmen Education’s business; and (c) based on the foregoing, the statements in the Registration Statement concerning Zhangmen Education’s historical financial performance, market demand, and industry trends were materially incomplete, inaccurate, and misleading.

If you purchased or otherwise acquired Zhangmen Education ADSs, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at investigations@kmllp.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: http://www.kmllp.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts
Kirby McInerney LLP
Thomas W. Elrod, Esq.
212-371-6600
https://www.kmllp.com
investigations@kmllp.com

ITProTV’s Don Pezet to Speak at the 2021 NICE K12 Cybersecurity Education Conference

Pezet, an IT and security training expert, will present key insights to those seeking a career in the cybersecurity field

GAINESVILLE, Fla., November 23, 2021–(BUSINESS WIRE)–ITProTV, a leading provider of self-paced online IT training and certification courses, today announced that Don Pezet, Co-founder and Lead Edutainer, ITProTV, and CTO of ACI Learning, will present during the virtual 2021 NICE K12 Cybersecurity Education Conference. Pezet’s session, “College or Certifications: Charting the Right Path to a Cybersecurity Career,” will take place on Monday, Dec. 6 at 3:00pm ET.

The Annual NICE K12 Cybersecurity Education Conference, supported by the National Initiative for Cybersecurity Education (NICE), features timely and thought-provoking presentations that highlight effective collaborations, bold experiments and innovations, and other potentially game-changing methods in support of growing the cybersecurity workforce. Attendees include training and educational leaders from academia, business, and government. As part of the event’s Promoting Cybersecurity Career Pathways track, Pezet’s session will present a non-traditional path for breaking into the IT and cybersecurity workforce and the growing weight of certifications, real world experience and demonstrable skills.

“Many high school students and educators today view four-year colleges as the target after high school, but students can start building careers in cybersecurity as early as high school and may not even need to attend four years of college,” said Pezet. “I am grateful to the NICE K12 Cybersecurity Education Conference for this opportunity to present out of the box job roles in cybersecurity, the certifications and job skills that would be required to be successful, and timelines for how long it would take for one to gain the appropriate skills. It is my hope that attendees will walk away from this session equipped to support students who may be interested in pursuing cybersecurity as a career and make them aware of the multiple paths to success.”

Pezet was selected as a presenter due to his continuous work in the IT industry, as well as his wealth of knowledge in IT and security training. He has been working in the IT industry for more than 25 years, and has spent time as a field engineer in the financial and insurance industries supporting networks around the world. Pezet has spent the last 15 years sharing his experiences with others by focusing on IT training. He is a co-founder of ITProTV and currently the CTO of ACI Learning. Pezet holds certifications from many vendors including the Microsoft MCSE, Amazon ACSA, Cisco CCNP, LPI LPIC-2, and PMI PMP. He also holds numerous certifications from CompTIA including A+, Network+, Security+, and Linux+.

To register for the event, please click here. To stay up to date on all of the news surrounding ITProTV, please visit www.itpro.tv.

About ITProTV, an ACI Learning Company

ITProTV is the industry leader for online, self-paced learning for technology professionals, students, and organizations worldwide. By blending entertainment and cutting-edge technology with IT education, ITProTV creates innovative, high-quality training shows taught by experienced educators and industry professionals. With thousands of hours of training video content on a variety of tech topics, ITProTV offers an innovative and effective solution to IT training designed to meet the needs of any learner and any organization – including anyone wanting to start their career, master their profession, or develop their teams. ITProTV is part of the ACI Learning family of companies providing Audit, Cyber, and IT learning solutions for enterprise and consumer markets. Gain unlimited, lifetime access to training content, practice exams, virtual labs, help forums, and supplemental materials, and learn all the latest tech skills online, on-demand, on any device: https://www.itpro.tv/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211123005431/en/

Contacts

Henry Ruff
LaunchTech Communications for ITProTV
hruff@golaunchtech.com
443-504-2331