ST. CLOUD, MN, UNITED STATES, October 7, 2024 /EINPresswire.com/ — South End Capital, a division of Stearns Bank N.A., has announced that it has partnered with Dibble, an industry-leader in hassle-free Beneficial Ownership Information (BOI) filing and reporting, to meet the ever-changing needs of its small business owner clients.
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”.
For commercial brokers helping their clients find the best deal possible, it is often difficult to navigate the plethora of financing options available in the market. An online search will inundate any loan seeker with confusing advertisements, conflicting articles and dozens of choices — but which one is the right product?
Not only does our website have a new look, but we’ve added new features, and updated our mission statement to reflect our greatest ambition.
We’re a direct lender and tech-enabled loan marketplace with over $1 billion closed in 2023. We offer a full spectrum of capital solutions from $1K to $15M+. These recent financings included $140,000 business credit line, a $500,000 business working capital loan, $155,000 equipment financing and more!
South End Capital offers business owners access to preferred SBA Financing or Bank Loans up to $15M for a variety of business purposes. In a recent SBA 7(a) loan closing, South End Capital provided $453,100 in start-up funding for an ice cream franchise location, and an 11.00%, 10-year term loan was delivered with no prepayment penalty.
A business credit line operates like a credit card, usually offering a higher credit limit, and you only pay for the funds you utilize. There’s no minimum credit score requirement and you can prequalify in minutes without impacting your credit. This $90,000 credit line was provided to a real estate company seeking an easy application process, and affordable and accessible financing.
Access low-rate Conventional Loans or preferred SBA Financing up to $15M for a variety of business purposes. Borrowers with 650+ credit may be eligible even if they’ve been turned down by other lenders due to financing barriers (borrowers with credit under 650 may still be eligible for financing through South End Capital).
ST. CLOUD, MINNESOTA, UNITED STATES, February 20, 2024 /EINPresswire.com/ — South End Capital, a division of Stearns Bank N.A., is excited to unveil its Business Line of Credit Program, providing businesses nationwide with access to up to $500,000 in a revolving credit facility. With a 15-year track record as a technology-driven lender and loan marketplace, South End Capital remains committed to evolving its funding solutions to fulfill its mission of democratizing access to business capital.
It couldn’t be easier to refer your network to our loan programs and earn up to $50,000* per funded referral! There is no limit on total referral fees you can earn. Plus, earn recurring fees on eligible subsequent financings. We give you all the instructions, support, and tools to succeed—for FREE!
We’re a direct lender and tech-enabled loan marketplace with over $1 billion closed in 2023. We offer a full spectrum of capital solutions from $1K to $15M+. These recent financings included $78,300 business credit line that funded in 2 days, 0% down equipment financing for an agricultural company, and more!
We’re a direct lender and tech-enabled loan marketplace with over $1 billion closed in 2023. We offer a full spectrum of capital solutions from $1K to $15M+. These recent financings included 1.33% interest rate per month business credit line that funded in 3 days, 0% down equipment financing for a storage company, and more!