by fularticles | Oct 31, 2023 | Business Finance, Business Strategy, Resources, SBA
Hello, entrepreneurs! I’m Tim Shaw with First Union Lending, and today, we’re going to guide you through getting approved for an SBA loan. Whether launching a startup or expanding an existing venture, an SBA loan can give you the financial leg-up you need....
by fularticles | Oct 27, 2023 | Business Finance, Business Strategy, Resources, Women in Business
October is not just for pumpkin spice and Halloween fun. It’s also the month dedicated to celebrating women-owned small businesses. With a whopping 12.3 million women-owned businesses in the U.S. and 62% of women indicating their small business as their primary...
by fularticles | Oct 26, 2023 | Business Finance, Business Strategy, Resources
The U.S. financial regulatory landscape is witnessing a significant shift. The regulators are introducing stricter rules to modernize fair lending standards, specifically focusing on online lending. The New Era of CRA Compliance The 1977 Community Reinvestment Act...
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...
