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News and Updates
We regularly publish articles to help small businesses with information they need to succeed.
Financial Shift – Unraveling the Market Sell-Off
The New Narrative The financial markets are experiencing a shift, not the typical kind where one asset class fractures and gives way, but a shift in the narrative that has far-reaching implications....
Celebrating Hispanic Heritage Month and The Triumphs of Hispanic Entrepreneurs
Outpacing the National Average As we celebrate Hispanic Heritage Month, let's spotlight the vibrant Hispanic entrepreneurs who are not just keeping pace but outpacing the national average in...
Leveraging Business Loans Effectively
Define Your Financing Needs Defining your financing needs is the first step in leveraging loans effectively for your business growth. This is a crucial step. It's not just about getting a loan; it's...
SBA Loans vs. Traditional Loans
In the world of business finance, the decision between an SBA loan and a traditional loan can often be perplexing. Understanding the key differences in eligibility, collateral, and terms between...
Unpacking America’s Q2 GDP and Consumer Behaviour
In finance and economics, keeping a close eye on the ebb and flow of the Gross Domestic Product (GDP) and consumer behavior is crucial. Recent data from the Commerce Department reveals some...
The Impact of Government Shutdown on Small Businesses
The Shutdown and Small Businesses The potential government shutdown threatens government workers or national parks. According to a new survey from Goldman Sachs, it poses a significant risk to small...
Your Three-Step Guide to Navigating Business Loans
In today's fast-paced world, time is money. Business owners need a straightforward, easy-to-follow guide to secure their financial future. Here at First Union Lending, we've got your back. Step One:...
Innovative Loan Types Revolutionizing Business Financing
Today, we're delving into innovative loan types, transforming how modern businesses secure financing. Let's dive in! Crowdfunding: The Power of the Crowd Crowdfunding has gained significant...
Empowering Women-Owned Businesses
In today's dynamic business landscape, various organizations and institutes are supporting women entrepreneurs, offering the much-needed resources to navigate tough times and upgrade their business...
SBA Loan Trends, Statistics and Opportunities
The Small Business Administration (SBA) loan industry is witnessing an exciting transformation. With changing trends and dynamics, the landscape vastly differs from what it was a few years back....
The Fed’s Balancing Act: Interest Rates, Inflation, and the Economy
A Pause in the Interest Rate Hike In an unexpected move, the Federal Reserve decided to hold off on its interest rate hikes, breaking the streak that started in June. This decision comes on the...
Navigating the Snares of Employee Retention Tax Credit
In the tumultuous times of the pandemic, the Employee Retention Tax Credit (ERTC) has been a financial lifeline for countless businesses. However, along with the uptick in claims, there has been a...