ST. CLOUD, MINNESOTA, UNITED STATES, November 29, 2023 /EINPresswire.com/ — South End Capital, a division of Stearns Bank N.A., a prominent $2.2 billion financial institution, is thrilled to announce the availability of FAST CAPITAL, offering up to $500,000 for businesses nationwide. As a direct lender with a proven track record, South End Capital is steadfast in its commitment to providing swift funding solutions through a streamlined process.
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South End Capital Announces FAST CAPITAL up to $500,000November 29, 2023
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With Challenges Mounting for Banks, Stearns Bank’s 3rd Quarter Results Reinforce its Strong CapitalNovember 22, 2023
St. Cloud, Minn. (November 21, 2023) – Stearns Bank, N.A., a Minnesota-based financial institution, continues to maintain strong capital with Tier 1 Leverage at more than 19% based on its financial reports released for the 3rd quarter, more than two times stronger than the 9.26% Tier 1 capital leverage ratio reported as the average for all banks for Quarter 3 by bankregdata.com. Stearns Bank stands out with its financial discipline and strategies in building strength of capital, continually delivering peace of mind to its customers across the U.S. as additional banks fail and regulators cite others for deficient capital and liquidity. Read full article... |
South End Capital Announces 658 Equipment Financings for $46M in OctoberNovember 6, 2023
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. We directly funded a gym equipment purchase with a 9.03% rate, 5-year term, and 20% down payment. We directly funded a used excavator purchase with an 8.68% rate, 5-year term, and 12-month early buy-out. Read full article... |
South End Capital Announces $1B of 2023 Loan Production Near with Recent ClosingsNovember 6, 2023
Amidst a challenging year of economic and global uncertainties, South End Capital, a technology and partnership-focused division of Stearns Bank N.A., is not only weathering the storm but is propelling lending production to over $1 billion this year. Read full article... |
South End Capital Extends 50% Revenue Share Promotion for its PartnersNovember 2, 2023
ST. CLOUD, MINNESOTA, UNITED STATES, November 2, 2023 /EINPresswire.com/ — South End Capital, the partnership-driven arm of Stearns Bank N.A., is excited to announce the extension of a groundbreaking promotion that is reshaping the earning potential for lending professionals. Now extended until December 31, 2023, South End Capital is providing approved partners with a 50% revenue share across its diverse marketplace programs, encompassing SBA loans, business loans, commercial real estate loans, and more. Read full article... |
South End Capital Announces its New and Improved Online Prequalification FormOctober 23, 2023
With our new and improved online prequalification form, you can submit your financing inquiry in just a few short minutes. We’ve updated our technology and process to make accessing capital even faster and easier than before! Read full article... |
South End Capital Announces Significant Guideline Changes Enacted by the SBAOctober 10, 2023
Thanks to MAJOR guideline changes recently enacted, obtaining an SBA business loan with us is now easier, faster, and more affordable! Increased guarantee fee waivers, larger SBA working capital loan sizes, lower rates, and more are available. Read full article... |
South End Capital Announces a Selection of Recent FinancingsOctober 2, 2023
We closed a $2,151,350 low rate, high-LTV commercial real estate ground-up SBA 504 construction loan for a private gym; a 66-month, 15.25% rate, 0% down Sprinter van purchase equipment financing for $249,818; a 3-year, interest only, 10.50% rate working capital and cannabis grow room construction loan and many more. Read full article... |
South End Capital Reintroduces NO FEE SBA 7(a) Loans and Elevates SBA 504 LendingSeptember 20, 2023
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. Read full article... |
Noah Grayson, South End Capital’s President Featured in Recent Bigger Pockets Article “Everything Around It is Collapsing, But This One Last Property Type Remains Standing: Retail”September 6, 2023
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. Read full article... |
South End Capital Launches Unprecedented 50% Marketplace Revenue Share Promotion for its PartnersAugust 17, 2023
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. Read full article... |
South End Capital Announces Recent Programs & Closings “We’re Funding What Others Aren’t”July 31, 2023
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. Read full article... |
South End Capital Announces Recent Closed Employee Retention Credit (ERC) Refunds and AdvancesJuly 25, 2023
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! Read full article... |
South End Capital Offers Reduced Fee SBA Loans up to $1,000,000July 18, 2023
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. Read full article... |
South End Capital Announces a Selection of Recent ClosingsJune 15, 2023
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. Read full article... |
Noah Grayson, South End Capital’s President Authors Recent Scotsman Guide Article “The SBA’s Win-Win Proposition”June 1, 2023
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. Read full article... |
South End Capital Announces a Selection of Recent ClosingsMay 30, 2023
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. Read full article... |
South End Capital Features a Selection of Recent ClosingsMay 16, 2023
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. Read full article... |
South End Capital Honors the SBA’s National Small Business Week by Offering NO Fee SBA 7(a) Loans up to $500,000.May 2, 2023
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. |
South End Capital Announces Exciting Updates Offering MOREApril 17, 2023
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… Read full article... |
South End Capital Announces a Selection of Recent FinancingsMarch 28, 2023
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. Read full article... |
Stearns Bank Offers FDIC Protection Over $250KMarch 22, 2023
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. Read full article... |
Noah Grayson, President of South End Capital Quoted in Recent GlobeSt.com article “11 Banks Throw a $30B Lifeline to First Republic. Expect a Volatile Ride for CRE”March 20, 2023
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. Read full article... |
Stearns Bank: A Fortress of Strength and a Safe Haven for DepositorsMarch 13, 2023
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. Read full article... |
South End Capital Announces $100M Closed in JanuaryFebruary 28, 2023
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… Read full article... |
South End Capital Announces $147M Closed in DecemberJanuary 24, 2023
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… Read full article... |
South End Capital Announces $1.4B and 7,800+ Closings in 2022January 20, 2023
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. Read full article... |
South End Capital Announces 585 Equipment Financings in August for $50MSeptember 28, 2022
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. Read full article... |
South End Capital Offers Merchant Cash Advance Holders a Better OptionSeptember 20, 2022
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. Read full article... |
American Banker Features South End Capital’s New Streamlined SBA Express ProgramSeptember 12, 2022
“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…” Read full article... |