Bankable Terms for Un-Bankable Borrowers

Founded in 2009 as a nationwide, non-conforming commercial lender, South End Capital became a division of Stearns Bank, N.A., a $2.2 billion financial institution, in June of 2021. We offer mortgages secured by commercial and investment residential real estate, collateralized and uncollateralized business loans, and equipment financing. Our technology-enabled platform delivers a streamlined loan process, and we are committed to providing excellent service and innovative, affordable financing.

Loan ProgramsPartnersRecent Closings

Loan Programs

Real Estate

We are a top-ranked balance sheet real estate lender offering streamlined mortgages for commercial and investment residential property (no personal residences). Rural locations, foreign nationals, special-purpose property (even land), and other financing barriers can be considered.

Purchase, refinance, fix-and-flip, construction, development, bridge, and cash-out loans are available in all 50 States + D.C. Our team is experienced with complex commercial loan structures, and we provide flexible and creative short-term and long-term mortgages secured by a variety of property types. Click below to learn more and be contacted by a team member.

  • $100,000 to $80 Million
  • No Appraisal < $500K
  • Rates Start at 5%
  • Up To 85% LTV
  • Non-Profits are OK
  • Fully Amortizing Loans
  • No Prepay Penalty
  • Interest Only Available
  • Unrestricted Cash-Out
  • Expedited Closing Process
  • Flexible Underwriting
  • Investor & Owner-Occupied Commercial Property
Learn More

As a direct business lender and tech-based loan platform, we offer a multitude of loans options for business owners including; SBA 7(a), USDA, conventional, and non-conforming financing. We can even consider borrowers turned down by other lenders due to special-purpose collateral, a unique business, or other traditional financing barriers.

Funds can be used for any business purpose such as to purchase or construct real estate, buy a business, for working capital, to refinance debt, or consolidate merchant cash advances. Click below to learn more and be contacted by a team member.

  • $1,000 to $25 Million
  • Rates Start at 5%
  • Monthly Payments
  • Short and Long-Term Loans
  • Flexible Underwriting
  • Most Businesses Eligible 
  • Sole Proprietors are OK
  • Unrestricted Working Capital
  • 6 Month+ Time in Business
  • No or Low Collateral
  • High LTV Financing
  • Nationwide + Rural Locations
Learn More

We are one of the nation’s top equipment financing lenders with over 30 Certified Lease Finance Professionals (CLFP) on staff. Our customized term and payment options match your business’s cash-flow cycle, and our innovative loan portal and live personal support enable us to issue financing approvals in hours, and fund in less than a day.

As a division of a $2.2 billion bank, you can count on the most competitive terms and a tailored equipment financing structure that works for you. Any mission critical equipment and most industries are considered. Click below to learn more and be contacted by a team member.

  • $10,000 to $5 Million
  • Custom Payment Options
  • Competitive Pricing
  • Up to 60-Month Terms
  • Flexible Underwriting
  • Most Industries Eligible 
  • Nationwide Financing
  • 0% Down on Purchases
  • Start-Up Terms Available
  • Approvals in Hours
  • Same Day Funding
  • NEW and USED Equipment
Learn More

Recent Closings

Drilling Co.
32-Month Working Capital Loan
Funded in 4 Days
Fort Worth, TX

Radio Network
SBA 7(a) Debt Consolidation
6%, 25-Year Term
Hughson, CA

Dental Practice
90% Equipment Purchase
60-Month Financing Term
LaGrange, GA

Advertising Co.
12-Month Business Term Loan
Unrestricted Working Capital
Boca Raton, FL

Construction Co.
SBA 7(a) Land Purchase, M & E, AP
6%, 10-Year Amortization
Bath, NY

Retail Cash-Out Refinance
5-Year Fixed / 30 Year Am.
6.625%, 75% LTV
Elyria, OH

Nail Salon & Spa
SBA 7(a) Real Estate Refinance
6%, 25-Year Amortization
Atlanta, GA

Rental Single Family Home
30-Year Fixed Mortgage
10.24%, Stated Income
Miami, FL

Multifamily 5+ Units
30-Year Fixed Mortgage
7.99%, Stated Income
Whittier, CA

Home Healthcare Co.
SBA 7(a) RE Purchase / Working Capital
6%, 25-Year Amortization
Maitland, FL

Electrical Contractor
SBA 7(a) Inventory / Working Capital
6%, 10-Year Amortization
Las Vegas, NV

Bar & Restaurant
SBA 7(a) Real Estate Purchase
6%, 25-Year Amortization
Killeen, TX

Nail Salon & Spa
SBA 7(a) Debt Consolidation
6%, 10-Year Amortization
Las Vegas, NV

Software Co.
SBA 7(a) Working Capital
6%, 10-Year Amortization
Las Vegas, NV

Retail Strip-Mall Blanket
5/25 Fixed Mortgage
7.50%, Low-Documentation
Charlotte, NC & Roanoke, VA

Retail/Office/Church Refinance
30-Year Fixed Mortgage
8.99%, No Tax Returns
Marrero, LA

Restaurant, Bar & Grill
SBA 7(a) Refinance/Debt Consolidation
6%, 25-Year Amortization
Lexington, OH

Restaurant, Motel, SFR
SBA 7(a) Purchase/Refinance
6%, 25-Year Amortization
Stone Park, IL

Strip Mall Refinance
10/25 Fixed Mortgage
6.5%, Low-Documentation
Anchorage, AK

Gas Station
SBA 7(a) Working Capital
Wilmington, NC

Equestrian Facility
SBA 7(a) Land Purchase/Construction
Magnolia, TX

Crane Company
SBA 7(a) Debt Refinance/Equipment
La Mirada, CA

Driving School / Raw Land
SBA 7(a) Debt Consolidation
Sacramento, CA

Funeral Home
SBA 7(a) Debt Consolidation
Riverdale, MD

Technology Co.
SBA 7(a) Debt Refinance/Equipment
Ammon, ID

Auto Body Shop Refinance
Small Balance Commercial
Chicago, IL

Multifamily Cash-Out Refinance
Small Balance Commercial
Marietta, GA

Single Family Cash-Out Refinance
Small Balance Investment Residential
Bonita Springs, FL

Light Industrial Purchase
Small Balance Commercial
South Gate, CA

Oral & Facial Surgery Clinic
SBA 7(a) Cash-Out Refinance
Mooresville, NC



Noah Grayson
President, Founder
Forbes | LinkedIn

Richard Sabrowske
Managing Director

Matthew Naughton
VP, Sales Director

Josh Villa
VP, Sales Manager

Myron Alford
VP, Lending Manager

Kirsten Garding
Credit Supervisor

Michael McGee
VP, Processing Manager

Amy Bloch
Processing Supervisor


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Partner Program

Monetize and track your loan leads! Our program includes access to our cutting-edge partner portal with 24/7 lead tracking, a co-branded landing page, status updates, and competitive referral fees. A variety of partner types are welcome.
Get Started


South End Capital Announces 504 Equipment Financings in September: South End Capital a division of Stearns Bank N.A., a nationwide $2.2 billion direct lender and technology-enabled business, real estate, and equipment loan platform, has announced 504 equipment financings totaling approximately $34 million in the month of September [read more]…


Listed here are the most commonly asked questions about who we are and how we operate. If you have a question that is not found here, please do not hesitate to contact us and we will be happy to address it.

Is SEC a lender or a broker?

SEC is a division of Stearns Bank, NA, a $2.2 billion nationally chartered financial institution. As such, SEC is an approved direct commercial real estate lender, investment residential lender, business lender, SBA lender, USDA lender, and equipment financing lender. SEC also administers a cutting-edge, technology-based intermediary loan platform that facilitates the placement of loans SEC cannot fund in-house, through a strategic network of lending partners. SEC lends in all 50 states plus Washington, DC.

How do I signup as a Referral Partner with SEC?

If you are a lender, mortgage / loan broker, ISO, CPA, media company, finance / real estate professional, or entrepreneur looking to leverage our real estate and business loan programs to increase your revenue, then click here to register and be reviewed for approval as a Referral Partner (there is no cost to register and it only takes about a minute). Once approved you will be eligible to receive competitive referral fees on funded loans you referred to us, and view the status of your referral pipeline 24/7 in our comprehensive partner portal.

I’m a borrower, broker or lender—why should I work with SEC?

If you are a borrower looking for financing in this market, you know the process can be difficult and confusing. SEC is an experienced lender, founded in 2009, with a focus on customer service, transparency and ethical practices. We have always concentrated on providing non-conforming borrowers the most competitive and affordable loan options, and we have built a reputation as a market leader doing just that (Google us!).

If you are a broker or lender, then you know loan fallout is a costly issue that can be resolved and monetized by the right strategic partner. The loan programs SEC offers are genuine, and they perform. We utilize the latest technology to offer our partners the opportunity to convert their leads and fallout into significant revenue. We operate as your back-office so that you can focus your effort on what’s most important to you. We offer competitive referral fees, volume incentives, and additional benefits such as co-branded loan referral links and referral tracking. Once approved you’ll receive access to our innovative partner portal where you can view the status of your referral pipeline 24/7 and manage your account.

Does SEC charge upfront fees?

No. SEC charges no upfront or application fees. After a borrower signs and accepts a term sheet, he/she will be responsible for the payment any required due diligence fees (if applicable), such as an appraisal or environmental report fee.

Does SEC charge loan points and/or fees at closing?

SEC charges standard origination and closing fees. Because we are a division of a bank, our fees tend to be lower than our competitors. We are happy to provide a fee estimate upon request so there are no surprises.

How long does it take to close a loan with SEC?

Closing time depends on the financing type, but we prioritize speed throughout the loan process. Equipment financing can be approved and funded in less than a day, and real estate and business loan approval and closing can occur in a matter of days after receipt of a completed loan application.

Does SEC offer loan programs outside of the United States?

We offer loan programs in all 50 states plus Washington, DC. We do not offer any loan programs in any other countries.

What collateral will SEC lend against?

Only commercial real estate, 1 to 4 unit non-owner occupied residential properties held (or to be acquired) for investment purposes, businesses and hard business assets (i.e., equipment, machinery, etc.) are eligible for financing under our programs. SEC can also provide business financing without any collateral in a number of cases. We do not offer financing on owner-occupied residential properties, securities or any other types of collateral.

Are Referral Partners, loan brokers, or third parties ever considered representatives, agents or employees of SEC?

No. SEC approved Referral Partners are only authorized to refer SEC eligible borrowers for potential financing. SEC approved Referral Partners are independent, third-party individuals and/or companies, are not subsidiaries, agents, or employees of SEC, are not authorized to make representations, or conduct business on SEC’s behalf, nor commit SEC to any obligation. Any third-party found to be making a claim of legal affiliation with SEC, a representation or commitment on behalf of SEC, or requesting funds on behalf of SEC, will be viewed as having committed fraud and be prosecuted to the fullest extent of the law. If you feel you have encountered an individual or entity committing such fraud, falsely issuing documentation on behalf of SEC, or attempting to collect funds on behalf of SEC, please contact us immediately at fraudprevention@stearnsbank.com.


Customer Support

(320) 202 – 6106

4140 Thielman Lane
St. Cloud, MN 56301