ST. CLOUD, MINNESOTA, UNITED STATES, January 16, 2024 /EINPresswire.com/ — South End Capital, a technology and partnership-focused division of Stearns Bank N.A., has streamlined its business loan programs and processes to kick off the 2024 production year and expand capital access to small businesses.
ST. CLOUD, MINNESOTA, UNITED STATES, January 10, 2024 /EINPresswire.com/ — In the face of economic and market challenges throughout the past year, South End Capital—a technology and partnership-focused division of Stearns Bank N.A.—drew upon its decades of experience and streamlined processes to help push overall bank production beyond $1 billion in 2023.
We’re excited to start off the year with some fantastic updates that will help you earn more in 2024 (we know that rhymed 😊). Earn 50% of any fee we earn on any of your referrals that close in our marketplace*. Plus, more BIG program updates!
We’re starting off the year with significant program updates to help your business get on the path to success in 2024!
We are pleased to announce recent SBA 7(a), FAST CAPITAL, Equipment, and Credit Line closings! We’re a direct lender and tech-enabled loan marketplace with over $1 billion closed this year. We offer a full spectrum of capital solutions from $1K to $30M+.
As the holiday season approaches, it presents a unique opportunity for leaders to demonstrate their gratitude towards their employees. This time of year is an ideal moment for reinforcing positive workplace relationships and boosting morale.
Approved South End Capital partners can now promote their pages and our programs without worrying about borrowers navigating to us directly, or getting lost reading press releases, announcements, or partner details.
ST. CLOUD, MINNESOTA, UNITED STATES, November 29, 2023 /EINPresswire.com/ — South End Capital, a division of Stearns Bank N.A., a prominent $2.2 billion financial institution, is thrilled to announce the availability of FAST CAPITAL, offering up to $500,000 for businesses nationwide. As a direct lender with a proven track record, South End Capital is steadfast in its commitment to providing swift funding solutions through a streamlined process.
St. Cloud, Minn. (November 21, 2023) – Stearns Bank, N.A., a Minnesota-based financial institution, continues to maintain strong capital with Tier 1 Leverage at more than 19% based on its financial reports released for the 3rd quarter, more than two times stronger than the 9.26% Tier 1 capital leverage ratio reported as the average for all banks for Quarter 3 by bankregdata.com. Stearns Bank stands out with its financial discipline and strategies in building strength of capital, continually delivering peace of mind to its customers across the U.S. as additional banks fail and regulators cite others for deficient capital and liquidity.
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. We directly funded a gym equipment purchase with a 9.03% rate, 5-year term, and 20% down payment. We directly funded a used excavator purchase with an 8.68% rate, 5-year term, and 12-month early buy-out.
Amidst a challenging year of economic and global uncertainties, South End Capital, a technology and partnership-focused division of Stearns Bank N.A., is not only weathering the storm but is propelling lending production to over $1 billion this year.
With our new and improved online prequalification form, you can submit your financing inquiry in just a few short minutes. We’ve updated our technology and process to make accessing capital even faster and easier than before!
Thanks to MAJOR guideline changes recently enacted, obtaining an SBA business loan with us is now easier, faster, and more affordable! Increased guarantee fee waivers, larger SBA working capital loan sizes, lower rates, and more are available.
We closed a $2,151,350 low rate, high-LTV commercial real estate ground-up SBA 504 construction loan for a private gym; a 66-month, 15.25% rate, 0% down Sprinter van purchase equipment financing for $249,818; a 3-year, interest only, 10.50% rate working capital and cannabis grow room construction loan and many more.