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News and Updates
We regularly publish articles to help small businesses with information they need to succeed.
SBA Loan Programs Tailored for Veterans
Navigating the financial landscape can be daunting, especially for those who have dedicated their lives to serving our country. Fortunately, the Small Business Administration (SBA) has crafted...
Small Business Confidence Surges Despite Economic Headwinds
A New Dawn for Small Businesses in 2024 NEW YORK — At a time when the economic outlook appears grim, with slowing growth and a creeping unemployment rate, small business owners are striking a...
5 Cost-Free Strategies to Elevate Your Small Business
Small business owners often face the challenge of growing their enterprise while managing tight budgets. However, expansion doesn't always require a hefty investment. Here are five savvy,...
A Study SBA Loans vs. Traditional Bank Loans
Today, we're diving headfirst into a topic of great significance to small businesses - the comparison between SBA Loans and traditional bank loans. Both avenues can play a pivotal role in securing...
Unsecured Short-Term Loans for Swift Business Opportunities
Introduction In the fast-paced business world, opportunities can appear as quickly as they vanish. Unsecured short-term loans are designed as a financial tool to provide businesses and individuals...
Consumers prefer small businesses for holiday shopping
As the holiday season approaches, a paradigm shift is evident in the consumer market. According to a recent study by Constant Contact and Ascend2, a staggering 84% of consumers are likely to visit...
Crafting the Perfect Business Plan for Your SBA Loan
1. The All-Important Executive Summary The executive summary is your golden ticket to grab the attention of your lender and make them believe in your business vision. It is here that you paint a...
Securing an SBA Loan for Entrepreneurs
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...
Celebrating Women in Small 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....
Modernizing Community Reinvestment Act Regulations
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....
Spice Up Your Restaurant Business with Savvy Financial Solutions
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...
A Borrowers Guide to Understanding Loan Agreements
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...