ST. CLOUD, MINNESOTA, UNITED STATES, September 18, 2023/EINPresswire.com/ — South End Capital, a division of Stearns Bank N.A., proudly reintroduces its highly sought-after no-fee SBA 7(a) loans and reduced-fee SBA 504 loans. Leveraging its preferred SBA status, the seasoned lender offers unparalleled expertise nationwide. Furthermore, with the relaunch of a $2,500 SBA packaging fee waiver promotion* and ongoing SBA guarantee fee waivers available through September 30, 2023, South End Capital reaffirms its leadership in providing affordable and accessible small business financing solutions.

At one point, the pandemic looked like it would be the final nail in the coffin for brick-and-mortar retail, speeding up the shift to e-commerce. But despite the benefits of online shopping, many people still enjoy going to a store to see and feel products up close.

South End Capital, a tech-enabled division of Stearns Bank N.A., is proud to announce a revolutionary promotion that will reshape the landscape of partnership lending opportunities. Starting from August 9, 2023, and continuing until October 31, 2023, South End Capital will offer an industry-leading 50% revenue share to partners across all of its marketplace programs, including SBA loans, business loans, commercial real estate loans, employee retention credit (ERC), equipment financing, merchant cash advances (MCAs), and more. This promotion underscores South End Capital’s dedication to collaboration, innovation, and driving unmatched value for its partners.

Recent Closings | $19,195,956 – Financing was for the acquisition and renovation of a historic building into a 126-unit apartment complex. The project included state & federal tax credits, Opportunity Zone funds and TIF funding.

We’ve partnered with an industry-leading Employee Retention Credit (ERC) tax firm to provide eligible business owners a cash refund up to $26,000 per employee in as little as a few days. We’ve already helped get millions of dollars back into the hands of small business owners!

South End Capital is supporting small businesses by promoting the SBA’s guarantee fee waiver on all eligible SBA 7(a) loans up to $500,000—and offering significant guarantee fee waivers for loan sizes up to $1,000,000.

In only 6 days we directly closed a 72-month, 11.88% fixed-rate, 0% down equipment financing. We directly closed a 10.75% rate, no prepay penalty, 10-year term, SBA 7(a) franchise start-up. We directly closed an 11.00% rate, no prepay penalty, 10-year term, SBA Express line of credit. Through our marketplace businesses quickly filed for the ERC and will receive a cash tax refund. 

It is no secret that rising interest rates have given people cause for concern of late. Borrowers seeking real estate, equipment or business financing are often confronting interest rates not seen in the past decade while those currently in adjustable-rate loans are contending with regularly rising payments.

We directly closed a 5-year, 11.098% fixed-rate, 0% down payment equipment purchase financing. We directly closed an 11% rate, no prepay penalty, 10-year term, SBA 7(a) franchise start-up loan. Through our marketplace an interior design business quickly filed for the ERC and will receive a $174,497 cash tax refund. 

Market conditions aren’t preventing South End Capital from delivering creative financing. We directly closed a 5-year, 11.118% fixed-rate, 0% down payment equipment financing. We also directly closed a 10.75% rate, no prepay penalty, 10-year term, SBA 7(a) business purchase loan.

Businesses can apply for a no fee SBA 7(a) loan to consolidate debt, access working capital, start a business, purchase a business or equipment, construct, purchase, refinance, or renovate business real estate, and more! Loans over $500,000 are eligible for reduced fees too.

Keep more money and grow your business with 0% down payment equipment and SBA financing for eligible borrowers. Earn up to 3.20% APY* with a high-yield deposit account or up to 5.06% APY* with a 6-month CD today! Plus, even MORE…

We directly closed a 10.75% rate, no prepay penalty, 10-year term, SBA 7(a) debt consolidation loan. We also directly closed a 5-year term, 8.56% rate, 0% down, private-party sale equipment financing and many more transactions.

We’re a division of Stearns Bank which is known for having a bulletproof balance sheet and 25% capital without exposure to unrealized losses or the crypto industry. Because of our strength we’re able to offer FDIC protection up to $150 million.

Big banks have come with a $30 billion unsecured rescue deposit for First Republic Bank in its efforts to stay afloat. The extraordinary deal involves 11 of the largest banks in the country: Bank of America, Citigroup, JPMorgan Chase and Wells Fargo putting in $5 billion each; Goldman Sachs and Morgan Stanley with $2.5 billion each; and BNY-Mellon, PNC Bank, State Street, Truist and U.S. Bank with $1 billion each.

Stearns Bank, N.A., a Minnesota-based financial institution, is echoing its longstanding message of strength and stability amid recent bank shutdowns and the $620 billion “unrealized losses” problem plaguing banks of all sizes – but not Stearns Bank. With its 25% capital and 2.78% reserves, which are consistently 2-3 times stronger than its peers, along with its 3% Return on Assets (ROA) and ultra-clean investment portfolio, Stearns Bank’s bulletproof balance sheet stands out as a fortress of strength in the banking industry.  

Transactions included a $350,000 SBA 7(a) financing for the refinance and construction of a restaurant, a $139,500 sandwich franchise business purchase loan, and various equipment financing transactions with 0% down, fast approvals, and closings in just days…

Transactions included a $4.9 million SBA 7(a) financing for the expansion of an aesthetic and wellness spa, a $350,000 SBA credit line for a freight logistics company, 0% down equipment financing for a long-haul trucking co. to purchase a new truck, a $186,359 employee retention credit refund, and more…

Thank you to all our clients and partners that helped make 2022 a banner year! We’re ready to fund even more in 2023—are you? As one of the nation’s top direct lenders and tech-enabled loan marketplaces—we’re able to offer the most competitive business, equipment, and real estate financing options available. 

As one of the nation’s top equipment lenders and tech-enabled loan marketplaces—we’re able to offer the most competitive equipment financing options available.

South End Capital a division of Stearns Bank N.A., a nationwide commercial lender and tech-enabled business, real estate, and equipment finance platform, has come to the rescue of small business owners seeking an economical alternative to costly merchant cash advances. In addition to affordability, the ease of South End’s program is what makes it appealing—as often no tax returns, hard collateral, or financials are required and funding can be delivered via a streamlined application process in hours.

“South End Capital, a division of Stearns Bank in St. Cloud, Minnesota, is rolling out a nationwide Small Business Administration small-dollar Express loan product, promising to fund loans up to $25,000 within days, perhaps hours…”

South End Capital a division of Stearns Bank N.A., a nationwide commercial lender and tech-enabled business, real estate, and equipment finance platform, has announced its innovative new SBA Express program that enables businesses access to affordable working capital financing up to $25,000 in hours.

We directly funded this $2,745,000 Dairy Queen® franchise start-up and construction loan with a 6.25%, 3-year fixed rate, and 25-year amortization. We directly funded this working capital loan with a 10% rate in 7 days, and required no financials and only a few documents.

Through the 7(a) program, Grayson added, funds can be used for expenses like the purchase, refinance, renovation or ground-up construction of commercial real estate. Funds can also be used for expenses like working capital, equipment, inventory, partnership buyouts, debt consolidation, business purchases, leasehold improvements, expansions and more.

SBA 7(a) Loan Terms

Loans usually range from $25,000 up to $5 million, Grayson said. The rates can be fixed, but most lenders offer an adjustable rate, adjusted quarterly.

SBA 7(a) Lenders

• South End Capital

Commercial mortgage terms vary greatly, especially because they cover other types of loans. According to Grayson, terms can range from a one-year interest only loan to a 30-year fixed mortgage. Interest rates also vary and can start as low as 4% or as high as 12% or more.

…With smaller loans, “a preferred SBA lender may rely on other data points beside net income, such as [small-business credit scores], time in business, business credit and repayment history — and gross income — to determine eligibility,” Grayson said. 

As one of the nation’s top equipment lenders and tech-enabled loan marketplaces—we’re able to offer the most competitive equipment financing options available. Featured financing: We directly funded this 3-year term, 0% down payment freight truck purchase. We paid the referring partner an $8,000 referral fee.

Other lenders may be tightening guidelines but we’re adding more programs to help meet your financing needs! 25-year fixed commercial real estate financing up to 90% LTV for various property types, from $25K to $20M+, with rates from 5% (30-year fixed loans are available for investment residential property).

As one of the nation’s top commercial lenders and tech-enabled loan marketplaces—we’re able to offer the most competitive real estate and business financing options available. We directly funded a $2,530,000, 75% LTV, 6.75% rate, 25-year amortized SBA 7(a) loan to finance the purchase of a bar and lounge.