Wednesday, November 16, 2016

Business Loan - No Real Estate Collateral

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South End Capital News
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Recent Funding

$605,000 Business Loan - No Real Estate Collateral

Transaction Overview - Steel Fabrication, Co. 

Earlier in the year this borrower needed $122,100 of quick working capital and didn't have time to wait for an SBA loan. We provided his business working capital in a matter of days, and when he was ready, started him on the SBA takeout loan process.

We consolidated the balance of our private business loan, paid off additional business debt, provided $89,000 of fresh working capital and $370,000 for machinery and equipment. This loan was priced at 6.25% and amortized for 10 years.

SBA Unrestricted Program

SECC offers an aggressive SBA loan program priced at a maximum annual interest rate of 6.25%, amortized over 10 years (25 years, if the business has available real estate collateral). The program features one affordable monthly payment and often no prepayment penalty. SECC can consolidate a business owner’s expensive debt or merchant cash advances, remedy stifling business issues, provide expansion funds and offer unrestricted working capital to assist with new growth and other business needs. SECC imposes few business-type restrictions, will consider borrower credit down to 580 (or lower), can work with past borrower bankruptcies or foreclosures, and will fund from $250,000 to $5,000,000 in all 50 states.

Closing Highlights

Steel Fabrication, Co.

North Carolina

  • No real estate collateral
  • Working capital provided
  • 6.25% rate, 10 yr. term
  • Monthly payment
  • No prepayment penalty
Apply Online

Program Highlights

Program Parameters

Nationwide

  • Financing from $250K to $5MM 
  • Low credit score minimum
  • All industries considered
  • No collateral required
  • Broker rebate available
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About South End Capital

South End Capital Corporation "SECC", founded in February of 2009, is a nationwide, non-conforming lender (CA Finance Lenders License # 603 L334) providing collateralized and uncollateralized loans to business owners and real estate investors directly, and in participation with third-party lenders.

Contact Us
 (888) 268 - 7778 x 2
joel@southendcapital.com


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