by First Union Lending | Feb 20, 2023 | Business Finance, Business Line of Credit, Resources
In today’s uncertain economy, many small businesses are experiencing cash flow problems. With high inflation and supply chain issues impacting companies nationwide, small business owners are simply looking for ways to make it through this downturn. One solution...
by First Union Lending | Dec 22, 2022 | Business Finance, Resources, Small Business
Invoice factoring is a way for businesses to fund cash flow by selling their unpaid invoices to a third party (a “factor” or “factoring company”) at a discount in exchange for cash upfront. Let’s review the pros and cons to consider...
by First Union Lending | Dec 21, 2022 | Business Finance, Business Strategy, Resources, Small Business
Are you concerned that having a low credit score will keep you from getting a small business loan? Stop worrying. You can still get small business loans for bad credit. Because of the emergence of alternative lenders, like First Union Lending, small business...
by First Union Lending | Dec 19, 2022 | Business Finance, Business Strategy, Resources, Small Business
Different from a personal credit score, your business credit score is focused precisely on your business. This means it takes into account your timelines as far as payments to creditors and suppliers. Have you missed payments? Is everything up to date? Additionally, a...
by First Union Lending | Dec 14, 2022 | Resources
Chances are you’ve probably enjoyed shopping at or working with a minority-owned small business at some point. People of color (including Asian-Indian, Asian-Pacific, Black, Hispanic, and Native American) are frequently among the most well-respected members of...
