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 Launches Lightning Fast Stated Income SBA Express ProgramSeptember 7, 2022
|
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... |
South End Capital Announces a Selection of Recent Balance-Sheet and Marketplace FinancingsMarch 21, 2022
We’re 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. Most recently, we directly funded an 18-month, 7% rate, interest-only, short-term 4.71 acre land refinance loan with no prepay penalty. The land was raw, pre-development. Read full article... |
South End Capital Delivers 0% Down Payment Equipment Financing for Hard to Fund IndustriesFebruary 14, 2022
South End Capital a division of Stearns Bank N.A., a creative commercial lender and tech-enabled business, real estate, and equipment finance platform, has announced a selection of recent equipment financings. The highlighted equipment financing transactions were provided to industries often overlooked by other equipment lenders, and demonstrate South End’s ability to think outside the box. Read full article... |
Trucks & Boats & Dumpsters, Oh My! South End Capital Presents a Selection of Recent Equipment FinancingsFebruary 9, 2022
From computers to airplanes and everything in between! if your small business needs to purchase or refinance equipment, we can help. We’re 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 Opens Partner Program to Affiliate MarketersJanuary 12, 2022
South End Capital a division of Stearns Bank N.A., a nationwide $2.2 billion direct lender and tech-enabled business, real estate, and equipment loan platform offering loans from $1,000 to $80 million in all 50 States and D.C., has announced the expansion of its partner program to include affiliate marketers. Read full article... |
South End Capital Announces 687 Equipment Financings for $49M in DecemberJanuary 6, 2022
South End Capital a division of Stearns Bank N.A., an innovative commercial lender and tech-enabled business, real estate, and equipment finance platform, has announced another explosive month for equipment financing. The 687 equipment financings in December 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... |
Noah Grayson, President of South End Capital, Featured in Commercial Property Executive Article “The Upsides, Challenges of CRE Fintech”January 5, 2022
Factors in fintech’s ascendency are many, including a COVID-era desire for contactless, technology-enabled business transactions and the goal of reducing the reams of paper involved in a transaction. Another factor is CRE borrowers’ expectation that loan processes will be expedited, as they have been in home mortgage and alternative business lending, said Noah Grayson… Read full article... |
South End Capital Announces 499 Equipment Financings for $36M in NovemberDecember 22, 2021
South End Capital a division of Stearns Bank N.A., an innovative commercial lender and tech-enabled business, real estate, and equipment finance platform, has announced another record-breaking month for equipment financing. The 499 equipment financings in November were delivered to a variety of business types, and many were funded the same day and required the borrower to complete only a verbal or 1-page application. Read full article... |
South End Capital Announces $35M in Equipment Financings in OctoberDecember 8, 2021
South End Capital a division of Stearns Bank N.A., a nationwide $2.2 billion direct lender and technology-enabled business, real estate, and equipment loan platform, has announced 528 equipment financings totaling approximately $35 million in the month of October. Read full article... |
Noah Grayson, South End Capital President, Contributes to Forbes Article “12 Branding Fundamentals Vital To The Success Of A New Business”November 19, 2021
No matter what industry you’re in, the success of a new business relies heavily on branding. From your values and image to your expertise and authority, your brand tells the story of your business in a way that grabs the attention of your ideal customers and clients. Read full article... |
South End Capital Announces 504 Equipment Financings in SeptemberOctober 26, 2021
South End Capital a division of Stearns Bank N.A., a nationwide $2.2 billion direct lender and technology-enabled business, real estate, and equipment loan platform, has announced 504 equipment financings totaling approximately $34 million in the month of September. Read full article... |
South End Capital Releases Customizable Program Templates to Assist Referral PartnersSeptember 30, 2021
South End Capital announced today that by popular demand—it has created templates which approved referral partners can white-label with their contact information and logo to market the firm’s financing programs. The program templates, along with detailed instructions, can be accessed on the “Resources” page of the South End Capital partner portal. Read full article... |
South End Capital Announces Over $100 Million of Real Estate, Equipment, and Business Financings in AugustSeptember 22, 2021
South End Capital a division of Stearns Bank N.A., a nationwide $2.2 billion direct lender and technology-enabled business, real estate, and equipment loan platform, has announced over $100 million or real estate, equipment, and business financings in August. Highlighted transactions included a number of large-balance ground-up construction, and opportunistic bridge financings. Read full article... |
South End Capital Announces 527 Equipment Financings in AugustSeptember 16, 2021
South End Capital a division of Stearns Bank N.A., a nationwide $2.2 billion direct lender and technology-enabled business, real estate, and equipment loan platform, has announced 527 equipment financings totaling approximately $35 million in the month of August. Read full article... |