SBA  GUARANTEED LOANS

SBA  GUARANTEED LOANS

SBA Loans are loans guaranteed by the Small Business Administration (Federal Government). SBA Loans range in size and term from 5-25 years and from $50,000 – $5,000,000 dollars.  It can take anywhere from 45-90 days or more to close on an SBA Loan. Rates on an SBA Loan start off at Prime + 1.5%

COMMERCIAL REAL ESTATE LOANS

COMMERCIAL REAL ESTATE LOANS

There are various options for commercial real estate loans at First Union Lending. Rent Replacement, commercial mortgage or build up and out with terms up to 25 years.

TERM LOANS

TERM LOANS

We provide 3-5 year term loans with monthly self pay options starting at $25,000 up to $200,000.

UNSECURED LOANS

UNSECURED LOANS

First Union offers unsecured loans in several different ways as well.  We provide Short Term loans ranging from 1-18 months (ranging from the equivalent of a 4%APR to 17%APR).

We also have Long Term Unsecured amortized Loans ranging from 1-10 years (Rates vary state by state).  Repayment may be structured on a daily, weekly and monthly cycle.

We also provide fully amortized shorter term loans.

EQUIPMENT FINANCING

EQUIPMENT FINANCING

First Union provides equipment financing leases for businesses.  When applying for equipment financing the borrower must already have the invoice from the equipment seller, including all information for the equipment, vin numbers, pricing etc.

LINES OF CREDIT

LINES OF CREDIT

First Union provides two types of credit lines, both lines are ACH based, meaning the funds are directly drawn from the borrowers account on the specified payment days.  One line of credit is purely credit based up to $250,000.

The starter line is much easier to qualify for and is based mostly on cash flow.  Both lines will use a direct connection to join to your bank account directly, which is how the lines are secured.

DEBT CONSOLIDATION

DEBT CONSOLIDATION

There are several ways that First Union can consolidate your outstanding loans, none of which will negatively impact your credit standing or the ability to obtain financing in the future.  While consolidating your loans we are able to achieve two main objectives.  First is to increase your cash flow by reducing your debt service and also leaving you with one payment to make instead of having to keep track of multiple.

BRIDGE LOANS

BRIDGE LOANS

Bridge Loans are easy to qualify for because they rely on the fact that there is some other type of financing already in the pipeline that will close in the near future and therefore consolidate out the bridge loan. Bridge Loans are just what they sound like, nothing more than a quick bridge to get you your current situation through till the time when another loan closes.

CREDIT CARD PROCESSING

CREDIT CARD PROCESSING

First Union provides the absolute lowest cost credit card processing on the market.  We lower our business owner’s cost of credit card processing an average of 50% with some reducing their processing costs by up to 90%.  Since we are not a broker, nor is processing our main business we are ok with making next to nothing to process your credit card transactions.  And, because we have 10’s of thousands of business owners we can still cover our costs based on volume.  We are so sure of our product, price and service that there are NO contracts, no expensive equipment, no equipment leases and in most cases, we can either use the equipment you currently own or buy you out of your lease.