South End Capital is pleased to announce that it has provided flexible and accessible financing via its SBA 7(a), Equipment, Fast Capital, and Credit Line programs. The innovative $3.2 billion direct lender and tech-powered marketplace delivered the array of financing via its balance sheet and third-party lender platform.
South End Capital is pleased to announce that it has directly delivered creative financing to help the startup, construction, and expansion of a car wash business. The innovative $3.2 billion direct lender and tech-powered marketplace financed the fixed-term, single-digit interest rate loan on its balance sheet.
2024 was an amazing year and we reached milestones in several categories including over $1.5B funded. We look forward to helping our valued clients and partners achieve more success in 2025!
The $3.2 billion direct lender provided a 65% LTV, 6-month, bridge loan with no prepayment penalty for the purchase of a car wash. The interest only loan was priced aggressively at prime + 2% adjusting quarterly and with a current rate of 9.5%.
From this guide, you will learn about the best questions to ask when choosing a mortgage lender and applying for a home loan.
Our experts shared what things you should ask a mortgage lender as a buyer when applying for a mortgage to be able to effectively choose the right vendor that can meet your needs. You will also learn about some of the best mortgage resources you can find online when buying your first home.
A business credit line operates like a credit card, usually offering a higher credit limit, and you only pay for the funds you utilize.
Same-day funding is available and you can prequalify in minutes without impacting your credit. You can pay off your balance at any time without incurring penalties and repeatedly draw funds for any business need.
In this guide, professional mortgage loan officers weigh in on how to choose a lender when buying a home. They share what to look for when choosing the right mortgage lender and the best ways to find a mortgage company that fits your needs. Let’s find out what they have to say.
Use funds to purchase or refinance owner-occupied commercial real estate, buy or start a business, secure large amounts of working capital, consolidate debt, and more! Interest rates start at Prime + 1.5% and we offer streamlined processing, monthly loan repayment, and loan terms up to 25 years.
When is it too late to change mortgage lenders? For the answer to this question, we reached out to our expert loan officers. Read below to learn when it’s too late to change mortgage lenders after making an offer, after the offer is accepted, or after signing an intent to proceed.
You can get pre-approved with more than one lender, but how many lenders should you apply to for a mortgage? Our experts, professional mortgage officers, answer this question in the comments below.
ST. CLOUD, MN, UNITED STATES, November 19, 2024 /EINPresswire.com/ — South End Capital, a division of Stearns Bank N.A., invites small business owners to prepare for the holiday season rush by accessing financing from $1K to $15 million for a variety of business purposes.
ST. CLOUD, MN, UNITED STATES, November 18, 2024 /EINPresswire.com/ — South End Capital, a division of Stearns Bank N.A., demonstrated its breadth of program options by announcing a diverse selection of recent business financings.
The ground-up construction financing was closed and funded on balance sheet and included a flexible quarterly adjustable first mortgage interest rate, and the benefit of a low 25-year fixed rate SBA 504 second mortgage. The financing also included an introductory interest-only period to assist the borrower with a lower financing cost during the initial stages of construction.
ST. CLOUD, MINNESOTA, UNITED STATES, July 1, 2024 /EINPresswire.com/ — South End Capital, a division of Stearns Bank N.A., has enhanced its programs to now allow approved partners to refer other partners and earn fees on their funded referrals.
ST. CLOUD, MINNESOTA, UNITED STATES, June 5, 2024 /EINPresswire.com/ — South End Capital, a division of Stearns Bank N.A., is excited to release its upgraded website with a new look, new features, and updated mission statement that reflects the cutting-edge lender’s greatest ambition to provide “Equal Access to Industry-Leading Financing”.