by fularticles | Oct 25, 2023 | Business Finance, Business Strategy, Resources, SBA
When it comes to the restaurant business, it’s not just about the ingredients you put on the plate – it’s also about the financial ingredients that help your business grow and thrive. Here at First Union Lending, we’re serving up some key...
by fularticles | Oct 24, 2023 | Business Finance, Business Strategy, Resources
Today, we will break down the complex world of loan agreements and their terminologies to help you better understand your loan. So, strap in, and let’s dive in! The Principle of the Matter The principle refers to the initial amount of money borrowed from the...
by fularticles | Oct 23, 2023 | Business Finance, Business Strategy, Resources
Understanding Your Current Terms Reviewing your existing terms is crucial before you decide to refinance your business loan. This includes your interest rates, repayment schedule, and any associated costs. Refinancing could lower your borrowing costs if interest rates...
by fularticles | Oct 20, 2023 | Business Finance, Business Strategy, Resources
In an era where financial agility is desired and necessary, invoice factoring has emerged as a potent tool for maintaining a consistent cash flow. The following industries are leading the charge in leveraging this innovative strategy. 1. Transport and Logistics High...
by fularticles | Oct 19, 2023 | Business Finance, Business Strategy, Resources, Small Business
The business world continues to grapple with economic unpredictability. Small businesses are no exception, facing the rise of unfilled jobs and mounting concerns about inflation and labor quality. The recent Small Business Economic Trends report provides some...
by fularticles | Oct 18, 2023 | Business Finance, Business Strategy, Resources
The world of lending can be a slippery slope. When commitments are not met, it can lead to severe repercussions. A prime example of this is a loan default. What is a Loan Default? A loan default occurs when a borrower fails to fulfill the obligations outlined in the...
