This borrower was rejected by 50+ lenders over 2 years. During that time he had property foreclosed, filed bankruptcy, had $1 million+ of judgments levied against him and his credit dropped to 493. No lender was interested in refinancing this rural, aged park, or a borrower with this many issues.

SECC will consider business financing requests of any size and we were pleased to provide this business with the working capital it needed. We underwrote this transaction on bank statements only and closed quickly. 

This transportation company needed to consolidate high interest rate debt and payoff vehicle notes that were coming due on a substantial portion of its fleet. Since there was no real estate collateral available and the loan size was less than $350,000, other SBA lenders passed.

This successful medical practice had significant back income taxes from prior recession years that were stifling its cash-flow. Using our highly flexible SBA Unrestricted Program, SECC was able to pay off over $300,000 of back taxes.

SECC was able to consolidate the MCAs and other business debt saving the borrower over $20,000 a month. We also provided fresh working capital, a fully amortizing 10 year loan, a 6.25% rate and no prepayment penalty.

South End Capital Corporation (SECC) announced today that it is expanding its outreach to small business owners who are burdened by expensive merchant cash advances. SECC is one of the few industry lenders aggressively offering affordable Merchant Cash Advance Consolidation Loans to small business owners.

This business, a prominent Florida based marketing company was in need of quick working capital to meet expansion needs. The lack of hard collateral and 2 years of consecutive losses made bankable or SBA financing impossible.

Trucking is considered a high risk industry by most lenders. Additionally, this borrower only owns one truck which greatly increases the chances of default should that truck breakdown. The fact that this business is a sole proprietorship and not a corporation, was a non-starter for most lenders.

We are constantly trying to improve our programs and processes to enable you to fund more loans and close them quicker! Our most recent changes outlined below include: A decreased loan minimum, decreased documentation to obtain a letter of interest as well as the removal of a dollar cap on merchant cash advance consolidations.

This borrower, a successful gas station and energy company owner, sought financing to start-up an unrelated business venture. Even though his primary business’s financials were strong, no lender would provide him the funds he needed for his new business because it was a start-up and he had no current experience in that industry.

We are very pleased to announce the release of our new business line of credit program. We are considering line of credit applications for B2B companies that have been in operation greater than 2 years and have annual revenue in excess of $1,000,000. Personal credit over 620 is preferred and most industries will be considered nationwide.

This borrower was in the midst of securing a $1,100,000 real estate bridge loan against his mobile home park but was short $10,000 to cover the cost of the lender’s due diligence and third-party reports. With a low 500 credit score, accessing cash from a credit card or bank was not an option.

This borrower was shut-out by multiple lenders due to lack of real estate collateral and trucking being a restricted industry. With no time to wait for SBA, we quickly funded this borrower and required only a 1 pg. application and 6 months of bank statements to close.

South End Capital Corporation is primarily focused on serving the needs of the un-bankable borrower and providing the most palatable terms possible. Noah Grayson is the managing director and founder of South End Capital Corporation, a nationwide, non-conforming lender (CA Finance Lenders License # 603 L334) providing collateralized and uncollateralized loans to business owners and real estate investors directly and in participation with third-party lenders. Below is our recent interview with Noah.

SECC refinanced and consolidated eight (8) business loans including a number of high interest rate private loans, drastically lowering the borrower’s monthly interest expense. We also provided this business owner $177,600 of working capital to help with motel upgrades and boost struggling on-line reviews.