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”.
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.