SECC is pleased to announce the closing of a $100,000 uncollateralized private business loan made to a Florida based pizzeria. The borrower was seeking quick private capital with no prepayment penalty and an affordable rate. SECC delivered on the borrower’s request, required no real estate collateral and closed fast.

We live in an Amazon.com world. Salesmen can no longer hawk their wares the way they used to, big-box retailers are closing their doors daily, and rising above the competition is all about Google ad-dollar superiority and Yelp reviews.

SECC is pleased to announce the closing of a $350,000 private business working capital loan for an insurance brokerage located in PA. The insurance industry is typically restricted for most private business lenders but not for SECC. Not only did we provide a loan for a difficult to finance industry, but we closed a loan with no prepayment penalty, a monthly payment, no real estate collateral and very competitive pricing.

SECC is pleased to announce the closing of a cash-out refinance loan made against a 71% occupied retail strip mall located in Killeen, TX. The borrower was brought to SECC by one of our valued broker partners and seeking a quick stated income loan that would get her the unrestricted cash-out she needed, without the requirement of producing tax returns.

SECC is pleased to announce the closing of a $340,000 cash-out refinance against an owner occupied single tenant office located in Marlton, NJ. The borrowers’ credit had suffered from erroneous reports on their profiles which forced their scores into unbankable territory. Unlike other lenders, SECC was able to use a common sense approach to extend bankable terms to borrowers who rightly deserved them.

SECC is pleased to announce a selection of recent small business loan closings that demonstrate a growing versatility and dominance in this space. Small business owners need to look no further than SECC where both their private business and SBA business loan needs can be promptly and adeptly met.

SECC is pleased to announce the closing of a $50,000 working capital loan for a Florida based furniture retailer. SECC structured a competitive and quick private business loan that delivered much needed funds to the borrower without the headache or protracted process that can come with SBA or conventional financing.

SECC is pleased to announce the addition of six new team members to its Account Executive Team. These individuals bring years of commercial finance experience to SECC.

SECC is pleased to announce the closing of a $100,000 private business term loan. The borrower was seeking a quick and streamlined loan for his profitable interior design and remodel business and wasn’t interested in dealing with the rigors of SBA financing. SECC provided a fast, competitively priced term loan with a fixed monthly payment and no prepayment penalty so the borrower can exit the loan at his convenience.

SECC is pleased to announce four recent closings from the week of August 10th, 2015. This selection represents the diversity of SECC’s programs, and it’s drive to provide flexible and expedient programs that put capital in the hands of non-conforming real estate and business owners.

SECC is pleased to announce the closing of a $350,000 cash-out refinance loan made against a non-owner occupied residential condo located in Los Angeles, CA. The borrower was looking for a quick, hassle-free, short-term loan that would still offer a competitive rate and the cash-out he needed. SECC was able to provide a 7.75%, interest only loan, fixed for 12 months and close fast.

SECC is pleased to announce the funding of a $354,250 cash-out loan made against a free and clear, non-owner occupied single family residence. The borrower had difficulty finding a lender that would provide unrestricted cash-out, offer a no tax return loan and close quickly at competitive terms. SECC stepped up to the plate on all accounts and paid a generous referral fee to our submitting broker.

SECC is pleased to announce the closing of this $100,000 private business term loan for a home renovation business located in New Jersey. The borrower was looking for quick capital to aid in her business expansion but didn’t want to pay the high interest rates that come with a MCA. In under two weeks SECC was able to close on a 3 year fixed rate term loan at 16.29% and provide a monthly loan payment option that did not require any out-of-pocket costs.

This borrower needed funds fast to assist in the expansion of her daycare to a new location. Since most other private business lenders focus on credit card receivables and this business had none, the borrower was having trouble procuring a loan even at this small size. SECC had no issue with the lack of credit card receipts and quickly provided this loan based on the stand alone cash-flow of the business only.

As the market improves, challengers are giving bridge lenders a run for their money. To stay ahead of the pack, bridge lenders are being forced to lower their interest rates and origination points, loosen documentation requirements and adopt tech-savvy application processes that shorten closing times.