working capital loans

June 16, 2023

How does the current prime interest rate of 8.25% in the United States affect commercial lending rates?

Commercial lending rates are influenced by various factors, including the prime rate, which is the interest rate that banks charge their most creditworthy customers. When the prime rate changes, it can have a ripple effect on other interest rates, including commercial lending rates. In general, when the prime interest rate […]
May 24, 2023

11 Tips for Customer Success

Keep your customers engaged An occasional email, text or phone call to check in with a customer helps to keep your business in their thoughts.   Be honest with customer expectations. If a customer need is not a product or service you offer, let them know right away. Even better […]
May 11, 2023

HOW DOES A FINANCE BROKER ADD MORE VALUE THAN WORKING WITH YOUR BANK

An equipment finance broker can add more value than working directly with your bank in several ways:   Access to multiple lenders: A broker typically has relationships with multiple lenders, including banks, credit unions, and specialized finance companies. This gives them access to a broader range of financing options compared […]
February 28, 2023

An Alliance with other Companies

Working with other businesses as close allies can have several positive outcomes: Access to resources: Partnering with other businesses can provide access to resources such as capital, expertise, and technology that can be used to improve a company’s operations and competitiveness. Increased innovation: Collaboration with other businesses can lead to […]
January 17, 2023

Lost in the Shuffle

We know lenders make promises they can’t possibly deliver on. They want your business, like we all do, but making outrageous claims leaves a negative mark on lending altogether. They fail you and most importantly, lead you into making an bad business decision. We want to stay grounded and most […]
December 31, 2022

2022 – A Year of Change

A challenging year for many companies; those that adapt to the new environment will continue to thrive and grow. A prosperous and healthy 2023 to all!
December 14, 2022

SBA 7a Loans – Benefits You Just Can’t Beat

The U.S. Small Business Administration (SBA) offers guaranteed commercial loans by the federal government for small businesses. These loans are offered through approved partners and not directly through the SBA and First US Finance is one of those partners. SBA 7a loans are great for businesses that want to refinance […]
February 5, 2022

Which Credit Funnel Works Best for Your Business?

In the finance world, there are lenders with wide credit funnels or approval criteria and ones with very narrow funnels. That means if a lender has wide credit parameters they are much more willing to approve a broad range of credit types; credits with defaults, slow payment history, inconsistent cash […]
January 25, 2022

Great Finance Program for Start-up Truckers in CA, TX, FL and NY

Truckers and transport drivers will now be able to finance a new or used tractor with as little as 10-30% down payment depending on experience and at a rate no higher than 15.49 % and as low as 9.99%. This is unheard of since start-up transport businesses often pay 40%+ […]