by First Union Lending | Dec 23, 2021 | Business Finance
While many businesses took a hit due to the pandemic, the effects continue to linger. The inflation that we are experiencing now significantly impacts many smaller companies’ business operations. A recent survey suggested that nearly seventy percent of those...
by First Union Lending | Dec 15, 2021 | Business Finance
As an entrepreneur, you will find that you’re going to need access to additional working capital at some point. What type of loan should you apply for, and what’s more, what is the best use for the funds you receive? In this article, we take a look at short-term...
by First Union Lending | Dec 13, 2021 | Business Finance
For most retail business owners, this is the time of year when things get hectic. Everyone is gearing up for the holidays. Customers are ordering more, and new customers frequent your store (be it a brick-and-mortar location or online). And beyond just the holiday...
by First Union Lending | Dec 9, 2021 | Business Finance
Much like other commercial loans, an ACH loan is designed to get companies the cash they need quickly. The critical difference between an ACH loan and different loan types is how the loan gets paid back. Versus writing a check or sending in payment in another way,...
by First Union Lending | Nov 30, 2021 | Business Finance
When applying for a business loan, depending on the loan type, your credit, and the lender, among several other factors, you may be required to put down collateral to secure the loan. Which leads to the question: what types of collateral can you use for a business...
by First Union Lending | Nov 16, 2021 | Business Finance, Small Business
Sunshine, white-sand beaches, and a wide variety of cultural cuisine are three things tourists love about Miami, Florida. Before COVID-19, many international tourists flocked to Florida year-round to experience Florida’s warm climate and relaxed ambiance. Now...
