by First Union Lending | Feb 2, 2023 | Business Strategy, Mental Health, Resources, Small Business
Despite all the hype you may hear from self-proclaimed business gurus, there are no shortcuts to running a profitable company. Entrepreneurs must accept that achieving success requires hard work, talent, perseverance, and personal sacrifice. However, we’ve found...
by First Union Lending | Feb 1, 2023 | Business Strategy, Resources, Small Business
There are many legitimate reasons why you might be pursuing a new small business location. Perhaps your commercial rent has increased beyond what you can afford. Or maybe you’ve outgrown your current location and need more space to expand. No matter your reason...
by First Union Lending | Jan 30, 2023 | Resources
If you’re a small business owner, you need to know about how banks use the annual percentage rate (APR) to scam borrowers. Let’s be honest… does anyone REALLY know what an APR is? In 15 minutes of searching on Google, I could still not find out when this...
by First Union Lending | Jan 30, 2023 | Business Finance, Business Strategy, Resources, Small Business
With rising inflation, most small businesses have been faced with increased operational expenses. Inflationary pressures are forcing business owners to find new ways to lower their overhead costs. Cutting costs isn’t just a smart move for many companies. It is...
by First Union Lending | Jan 27, 2023 | Business Strategy, Resources, Small Business
Whether you’re working with a vendor, supplier, or contractor, small business owners should know how to negotiate the best deal possible. When you fail to successfully negotiate a potentially good deal or negotiate a poor deal, the results could have a long-term...
