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 Features a Selection of Recent ClosingsMay 16, 2023
|
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... |
South End Capital Launches Lightning Fast Stated Income SBA Express ProgramSeptember 7, 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 announced its innovative new SBA Express program that enables businesses access to affordable working capital financing up to $25,000 in hours. Read full article... |
South End Capital Announces a Selection of Recent Franchise, Start-Up, and Working Capital FinancingsAugust 29, 2022
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. Read full article... |
Leverage.com Names South End Capital a Recommended SBA 7(a) and SBA 504 Lender in Recent ArticleAugust 25, 2022
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 TermsLoans 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) LendersRead full article... |
Noah Grayson, President of South End Capital Discusses Commercial Real Estate in Recent Leverage.com Article “Demystifying the 6 Types of Commercial Real Estate Loans”August 25, 2022
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. Read full article... |
Noah Grayson, President of South End Capital Quoted in Recent American Banker Article “Small commercial lender’s underwriting method bucks convention”August 5, 2022
…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. Read full article... |
South End Capital Announces 606 Equipment Financings for $46M in JulyAugust 3, 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. 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. Read full article... |
South End Capital Announces Exciting New Loan ProgramsJuly 26, 2022
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). Read full article... |
South End Capital Announces 73 Commercial Real Estate and Business Financings for $96M in JuneJuly 18, 2022
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. Read full article... |
South End Capital Announces 703 Equipment Financings for $54M in JuneJuly 13, 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. Featured financing: We directly funded this 4.58% rate, 5-year term, 0% down payment equipment purchase with a delayed payment. Read full article... |
South End Capital Announces 669 Equipment Financings for $51M in MayJune 23, 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. Equipment financing is available for most industries with rates starting in the 4% range, and with terms out to 7-years. Read full article... |
Stearns Bank Holdingford National Association to be Acquired by Canadian-Based VersaBank to Expand VersaBank’s Banking Services to the United StatesJune 14, 2022
Stearns Financial Services Inc. (“SFSI”) today announced it has signed a definitive agreement with VersaHoldings US Corp. to acquire Stearns Bank Holdingford N.A. (“SBH”) and launch VersaBank’s expansion into the United States. Canadian-based VersaBank, a leader in digital banking and cyber security solutions, is acquiring SBH through its wholly owned US subsidiary, VersaHoldings US Corp, for an estimated US$13.5 million (subject to adjustment at closing). Read full article... |
South End Capital Announces a Selection of Recent Loan ClosingsMay 24, 2022
Among the many recent loans funded by South End Capital was a 5.5% rate, 10-year amortized $2,096,300 SBA 7(a) loan for the purchase of equipment, inventory, and working capital for business expansion needs. South End Capital is a $2.3 billion balance-sheet lender and tech-enabled loan marketplace offering a full spectrum of business and real estate loans from $1K to $75M+. Read full article... |
South End Capital Named the LendVer 2022 Best Commercial Real Estate & Business LenderMay 13, 2022
LendVer, the reputable database of vetted business and investment property lenders and service providers has finalized its review process for the 2022 Best Commercial Real Estate & Business Lender, and has selected St. Cloud, MN based South End Capital. Founded in 2009 by Noah Grayson as a nationwide, non-conforming commercial lender, South End Capital became a division of Stearns Bank N.A., a $2.3 billion financial institution, in June of 2021. Read full article... |
Stearns Bank N.A. Recognized by Independent Community Bankers of America (ICBA) in its 2021 Best of the Best RankingsMay 4, 2022
The 2021 Best of the Best ranking, released in the May issue of Independent Banker, is based on pre-tax return on assets (ROA) from the past three years, with banks divided into three asset segments. Stearns Bank has consistently been ranked within the top 10, and for 2021, has been ranked #9 in its peer group of banks with over $1 billion in assets [see the rankings]. Read full article... |
Noah Grayson, President of South End Capital, Interviewed for Real Estate Bees Article “How Much Do Hard Money Lenders Charge?”April 21, 2022
This article will clearly describe the charges and costs of hard money loans (that are sometimes also called private money loans). This includes hard money rates and terms, fees, closing costs, and payments. There’s a lot to discuss, so let’s get started. Read full article... |
Noah Grayson, President of South End Capital, Interviewed for INSIDER Article “7 Key Things to Know When Seeking a Business Loan”April 19, 2022
Grayson emphasizes three key factors that lenders prioritize before making lending decisions: Ability to repay the loan, the need for the money and how it will assist with a critical business need or growth, and the business and business owner’s overall creditworthiness. “The number of employees the business has, or the amount of gross revenue (revenue received before expenses) doesn’t matter as much as the net income of the business (revenue after expenses) and the amount of time a business has been in operation,” Grayson says. “The higher the net income of the business and the longer the business has been in operation, the more financing options the business will have, and the more favorable terms will be available.” Read full article... |
South End Capital Announces 723 Equipment Financings for $53M in MarchApril 6, 2022
South End Capital a division of Stearns Bank N.A., a trail-blazing commercial lender and tech-enabled equipment, real estate, and business loan platform, has announced another explosive month for equipment financing. The 723 equipment financings in March were delivered to start-up and established businesses of all kinds, and many were funded in hours and required the borrower to complete just a short verbal or 1-page application. Read full article... |