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News and Updates
We regularly publish articles to help small businesses with information they need to succeed.
Navigating the Snares of Employee Retention Tax Credit
In the tumultuous times of the pandemic, the Employee Retention Tax Credit (ERTC) has been a financial lifeline for countless businesses. However, along with the uptick in claims, there has been a...
The Importance of Filing Your Business’s SOI and SOS Annually
Attention, entrepreneurs! There's a vital task that too many businesses overlook year after year – the annual filing of the Statement of Information (SOI) or Statement of Organization (SOS). It's...
What is Loan Amortization?
What is Amortization? Amortization - a word that might seem daunting at first, but in reality, it's a simple concept that can truly empower you on your financial journey. It's all about spreading...
Unlocking The Future of Education: SBA Loans for Learning
Now and then, a revolutionary idea comes along that changes everything. Today, we spotlight one game-changer in education finance - the SBA Loans for Education. The Mentors of Finance World: SBA...
Policymakers Concerned With A Threat to Small Business Lending
In an ever-evolving financial landscape, recent concerns have emerged about the potential impact of heightened capital requirements on small businesses' ability to access credit. These concerns...
Decoding Fintech: A Beginner’s Guide to Finance Lingo
Navigating the world of finance can be like learning a new language. With so many terms and phrases to understand, it can be overwhelming. But don't fret! We at First Union Lending are here to...
Goldman Sachs’ $100 Million Boost for Rural U.S Businesses
In a recent development, Goldman Sachs, the Wall Street giant, announced plans to invest $100 million in rural communities across the United States. This move is part of its expanding efforts to...
The Top 5 Benefits of SBA Loans for Small Businesses
Small Business Administration (SBA) Loans have long been a beacon of hope and opportunity for small businesses. Providing accessible financial support, these loans come with a plethora of benefits....
Debunking the EIDL Loan Payment Myth
In today's digital landscape, a new, disturbing trend has emerged. A chorus of voices masquerading as financial experts are spreading misinformation about Economic Injury Disaster Loans (EIDL)....
SBA Amplifying Efforts in AI Innovation
The Small Business Administration (SBA) is amplifying its efforts to facilitate access to the necessary capital for triggering advancements in artificial intelligence, particularly in national...
Fixed Versus Variable Interest Rates
Interest rates are crucial in any financial decision, especially regarding loans or investments. Two common types of interest rates are fixed and variable. It is crucial to understand their...
Small Businesses Reeling from Retail Theft
Lawmakers Accused of Giving Thieves a "License to Steal" In June, the U.S. Chamber of Commerce announced a spike in retail theft. A survey revealed that 56% of small-business retailers reported...