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COVID-19 Relief Update: The Paycheck Protection Program "PPP" has re-opened until 3/31/2021. The SBA is waiving guarantee fees, and will make the first 3 payments for new SBA 7(a) and 504 loans taken before 9/20/2021. We are currently accepting SBA, PPP, commercial and investment residential real estate loan applications.
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South End Capital Celebrates 10 Years in Business!

February 21, 2019

Thank you to our valued Referral Partners, Borrowers, Colleagues and Friends for your support over the past 10 years. We look forward to many more great years to come!

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South End Capital Funds $700,000 and $500,500 Non-Conforming Bar & Restaurant Loans

February 13, 2019

We funded this $700,000, 70% LTV purchase loan in 28 days, with no tax returns and based on bank statement income only. We provided a 5 year fixed loan, amortized over 30 years at just 6.875%.

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South End Capital’s President, Noah Grayson, Interviewed by Superbcrew.com About the Recent Government Shutdown

February 4, 2019

As a private, direct lender, South End Capital is not beholden to the government to purchase or approve the loans we make. This is why, during the government shutdown, we were still able to provide business owners and property investors affordable capital when many government dependent lenders could not. It’s encouraging that the government has temporarily re-opened, but borrowers should never have to worry that their access to capital will be impacted due to a political stalemate they have no control over.

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South End Capital Funds Affordable Business Loans During Government Shutdown

January 24, 2019

South End Capital Corporation (SECC), the innovative, non-conforming real estate and business lender, has announced its readiness to deploy affordable capital to business owners and real estate investors shut out by the government.

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South End Capital’s President, Noah Grayson, Announces 2019 Company Updates

January 7, 2019

Last year over 1,400 referral partners signed on and helped us achieve many significant milestones, including over 270 closed loans and more than $230 million funded. This year we are making a commitment to our referral partner community to improve the experience and offer better incentives. As of today, we will be eliminating our broker program and focusing exclusively on developing our referral partner channel.

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South End Capital Funds a $900,000 Multifamily Blanket Loan at 6.875% and a $325,000 Chicago Mixed-Use Cash-Out Refinance Loan in 18 Days

December 19, 2018

We are pleased to announce the recent funding of a $900,000 Multifamily Blanket loan. We paid off back taxes and funded over $102,000 of unrestricted cash-out at closing. Our new mortgage was secured by two contiguous 8-unit multifamily properties in Long Beach, CA. This was a low doc. loan with a 5 year fixed rate at 6.875%, amortized over 30 years.

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South End Capital is Pleased to present a Selection of our Recent Credit Line and Invoice Financings

October 18, 2018

These recent closings represent our aggressive credit line and invoice financing programs that offer fast and accessible capital starting at only 0.4% (just $4 in fees on $1,000 borrowed!) for businesses located in all 50 states including Washington D.C., Puerto Rico, Guam, American Samoa, North Mariana Islands and the U.S. Virgin Islands.

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South End Capital Closes its 200th Loan for 2018 Surpassing the $200 Million Funding Milestone

October 15, 2018

South End Capital Corporation (SECC), the innovative, non-conforming commercial real estate and business lender, announced today that as it closes its 200th loan for 2018, it has surpassed a $200 million funding milestone. This places the firm solidly ahead of its competitors in the space.

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South End Capital Announces $7,737,000 of Recent Subprime SBA Closings

October 4, 2018

This recent selection of closings includes a golf course, an Auntie Anne’s franchise, a sports bar, a used auto dealership, an assisted living facility, a no collateral business purchase, financing for a borrower only a year out of bankruptcy and more. South End Capital continues to prove that non-conforming credit attributes which disqualify borrowers from other lenders SBA programs are workable within its Subprime SBA model.

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South End Capital Closes a $170,000 Subprime SBA Debt Consolidation Loan for a GA Dental Practice

August 30, 2018

This business had accumulated high-interest rate debt and now needed an affordable consolidation loan and fresh working capital. The borrower desired reasonable terms but had low credit, no commercial real estate collateral and didn’t want to pledge his home. We provided a $170,000 consolidation and working capital loan at 7.75%, amortized over 10 years, with no prepay penalty and didn’t require the borrower to collateralize his home.

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South End Capital Provides a $984,000 2nd Mortgage, Business Debt Consolidation Loan for a Software Company

August 14, 2018

SECC was able to provide a $984,000 debt consolidation loan utilizing a 2nd mortgage on the borrower’s primary residence and residential investment property. The final interest rate was 7.75%, amortized over 10 years and with no prepayment penalty.

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South End Capital Gets it Done Funding Business Purchase Loans for a FedEx Ground Route and a Sports Apparel Co.

August 7, 2018

FedEx ground routes are historically difficult business purchases to finance. Since there is no significant collateral other than the delivery trucks and the income from the route itself, banks and most SBA lenders stay away. We were able to finance this business purchase at a rate of 7.75%, amortized over 10 years and with no prepayment penalty.

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South End Capital Provides a $41,000 Business Line of Credit Approval in 3 Minutes and Funds in 1 Day

July 24, 2018

Through its innovate “no credit minimum” business line of credit program, South End Capital provided this construction company near immediate access to funds. The program requires no paperwork and has industry leading low rates starting at only 0.4% (just $4 paid on a $1,000 borrowed).

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South End Capital Presents a Selection of Recent Subprime SBA Loan Closings

July 17, 2018

We are pleased present this selection of fourteen (14) recent Subprime SBA loan closings. These closings show that affordable financing, with rates in the 6% to 8% range, is available for borrowers with FICO scores from 550 and for those with unique or no collateral or outside-of-the-box business needs.

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South End Capital Funds a Stated Income, $460,000 Unrestricted Cash-Out Loan for a Nightclub/Bar

July 9, 2018

Trying to get a competitive, permanent fixed rate loan for a special-purpose property is next to impossible for most borrowers–but not if you come to us! We funded over $400,000 of unrestricted cash-out secured by a nightclub/bar and required no tax returns, financials or 4506T. We provided a 5 year fixed loan, amortized over 30 years at 8.375% and with a customized 5%, 4%, 3%, 2%, 1% declining prepayment penalty.

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South End Capital Closes a $1,150,000 Equipment Loan for a Michigan Trucking Company at 7.5%

June 20, 2018

This borrower needed a loan for working capital and to purchase new tractor trailers for his trucking company. He wanted a competitive rate, but he had no real estate collateral, just the trucks to be purchased. We provided $150,000 of unrestricted working capital and $1,000,000 for the purchase of new trucks without any real estate collateral required. The loan was amortized over 10 years with a 7.5% rate and no prepayment penalty.

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South End Capital Funds $3,250,00 for a Savannah, GA Bed & Breakfast in 10 Days

June 13, 2018

This loan request first came to us in June of 2017 and multiple times thereafter. Each time we offered the client competitive terms and the promise that we fund his loan quickly. After spending a year and thousands of dollars in search of a better rate with other lenders who couldn’t perform, the borrower came back to us and we funded his loan in 10 days. We used the existing appraisal he had paid for with another lender, saving time and money.

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South End Capital Closes a $350,000 Subprime SBA Working Capital Loan for an Amusement Park Located in South Carolina

June 6, 2018

Our Subprime SBA Program doesn’t just work great for borrowers with low credit, but also for unique businesses that other lenders won’t touch. We provided $350,000 of unrestricted working capital for an amusement park at an 8.5% rate, 10 year amortization and no prepay penalty.

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South End Capital Closes a $250,000 Subprime SBA Working Capital Loan for a Dental Practice

May 30, 2018

The borrower sought working capital at affordable terms which was difficult with < 640 credit, back income taxes and no real estate collateral. This loan was a great fit for us since we require no collateral for SBA loans < $500,000, consider low credit and allow back income taxes on an IRS payment plan.

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South End Capital Closes a $700,000 Stated Income, Retail Strip Mall Cash-Out Refinance Loan in Ohio

May 8, 2018

Proceeds also went to pay off delinquent real estate taxes and address over $190,000 in roof repairs (we only required an $18,000 roof repair hold-back to close). Even though the borrowers had 649 and 671 middle FICO scores, we still funded a stated income 3 year fixed loan, amortized over 30 years with a 10% rate.

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South End Capital Closes a $200,000 Subprime SBA Working Capital Loan for an International Shipping Co.

May 8, 2018

The borrower sought unrestricted working capital at affordable terms which was difficult for an international shipping co. with no real estate collateral. We require no collateral for our subprime SBA loans < $500,000 so this loan was straightforward for us. The borrower received $200,000 of unrestricted working capital at closing at a 7.5% rate, amortized over 10 years and with no prepayment penalty. The borrower also received a loan commitment within 2 weeks of his initial loan application.

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South End Capital Closes a $1,245,000 Stated Income Refinance Cash-Out Loan for a Blue Island, IL Bar & Grill

May 3, 2018

This borrower wanted an easy loan process for his restaurant/bar without the stringent demands of an SBA or bank loan. In 35 days we funded a 75% LTV loan with $330K+ of unrestricted cash-out (no tax returns, financials or 4506T were required) at an 8.75% rate, fixed for 5 years and amortized over 30 years.

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South End Capital Closes a $1,464,000 Consolidation and Expansion Loan for a Louisiana Athletic Club

April 24, 2018

This loan was turned down by multiple SBA, bank and non-conforming lenders before we received it. The primary collateral was an athletic club that consisted of a large amount of excess land for multiple sport courts and a pool. The property and business were very special purpose…

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South End Capital Partners with US News & World Report’s Top Lender for Term Loans

April 19, 2018

To apply for a Business Term Loan starting at 9.99% and receive $5,000 to $500,000 in as little as 24 hours, apply here. Experience an easy, light documentation process with a lender that’s funded $8 Billion to businesses, has an A+ BBB rating and 9.6/10 TrustPilot reviews.

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South End Capital Closes Subprime SBA Loans for an Appliance Co., Mortgage Broker and Real Estate Agency

April 10, 2018

This business owner needed to pay off expensive MCAs and expand. With 650 credit and MCAs on his books, banks and mainstream SBA lenders were not a fit. We paid off his MCAs and provided unrestricted working capital at 8.25%, a 10 year am. and no prepay penalty.

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South End Capital Closes a $600,000 Stated Income 4 Unit Office Refinance Cash-Out in San Jose, CA

April 9, 2018

This borrower wanted a low priced permanent loan without the headache of working with a bank, but had < 700 credit and needed to close in a revocable trust. We funded unrestricted cash-out (required no tax returns, financials or 4506T) at 7.25%, fixed for 5 yrs. and amortized over 30 yrs.. The submitting broker earned $9,000.

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South End Capital Closes a $264,000 Assisted Living Business and Multiple Property Purchase Loan

March 19, 2018

The borrower was only required to put down 10% on the purchase of this assisted living business and its 3 locations in NC. We also provided $30,250 of working capital at closing to assist with the ownership transition. The final rate was 7.25% and was amortized over 25 years.

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South End Capital’s Noah Grayson Interviewed about the Evolving Lending Landscape

March 1, 2018

Last week, we had the pleasure of speaking with one of our newer partners, Noah Grayson. Noah is the Managing Director and Founder of South End Capital Corporation. Founded in 2009, SECC is a nationwide, non-conforming lender providing a variety of financing options, primarily in the commercial real estate and business loan space. In our conversation, we discussed trends he’s seeing in small business lending, and the massive changes occurring in the finance industry, brought on by the internet and big data. He also shared some helpful tips for small business owners and first-time borrowers looking to work successfully with a broker or lender and avoid the dangers of fraud.

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South End Capital Introduces Low Cost Bridge Loans with Use of Existing Appraisals

February 20, 2018

South End Capital Corporation (SECC) announced today that it is once again making waves in the lending business—this time, defying the bridge lending industry’s penchant for collecting large upfront fees or due diligence deposits. SECC Managing Director Noah Grayson explained: “Traditionally, bridge lenders or hard-money real estate lenders demand large due diligence deposits upwards of $30,000. They also mandate the order of their own appraisal reports. But SECC’s core commercial bridge program [from $250K to $5M] does not require upfront due diligence fees.” A third-party appraisal or site inspection fee of a surprisingly low $1,500 to $3,000 is the only fee required after a letter of intent has been issued.

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South End Capital Now Funding 80% LTV Stated Income Real Estate Loans

February 20, 2018

South End Capital Corporation (SECC) announced today that it has increased its maximum loan-to-value (LTV) to 80% for stated-income commercial real estate loans. The new LTV program is offered under SECC’s small-balance commercial real estate loan program from $250,000 to $5,000,000. It is designed for property investors or business owners who can’t document personal or business income but who have personal credit scores over 700 (borrowers with less than 700 credit can still receive stated income financing up to 75% LTV).

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