ST. CLOUD, MINNESOTA, UNITED STATES, November 2, 2023 /EINPresswire.com/ — South End Capital, the partnership-driven arm of Stearns Bank N.A., is excited to announce the extension of a groundbreaking promotion that is reshaping the earning potential for lending professionals. Now extended until December 31, 2023, South End Capital is providing approved partners with a 50% revenue share across its diverse marketplace programs, encompassing SBA loans, business loans, commercial real estate loans, and more.
South End Capital Announces its New and Improved Online Prequalification Form
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!
South End Capital Announces Significant Guideline Changes Enacted by the SBA
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.
South End Capital Announces a Selection of Recent Financings
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.
South End Capital Reintroduces NO FEE SBA 7(a) Loans and Elevates SBA 504 Lending
ST. CLOUD, MINNESOTA, UNITED STATES, September 18, 2023/EINPresswire.com/ — South End Capital, a division of Stearns Bank N.A., proudly reintroduces its highly sought-after no-fee SBA 7(a) loans and reduced-fee SBA 504 loans. Leveraging its preferred SBA status, the seasoned lender offers unparalleled expertise nationwide. Furthermore, with the relaunch of a $2,500 SBA packaging fee waiver promotion* and ongoing SBA guarantee fee waivers available through September 30, 2023, South End Capital reaffirms its leadership in providing affordable and accessible small business financing solutions.
Noah Grayson, South End Capital’s President Featured in Recent Bigger Pockets Article “Everything Around It is Collapsing, But This One Last Property Type Remains Standing: Retail”
At one point, the pandemic looked like it would be the final nail in the coffin for brick-and-mortar retail, speeding up the shift to e-commerce. But despite the benefits of online shopping, many people still enjoy going to a store to see and feel products up close.
South End Capital Announces Recent Programs & Closings “We’re Funding What Others Aren’t”
Recent Closings | $19,195,956 – Financing was for the acquisition and renovation of a historic building into a 126-unit apartment complex. The project included state & federal tax credits, Opportunity Zone funds and TIF funding.
South End Capital Announces Recent Closed Employee Retention Credit (ERC) Refunds and Advances
We’ve partnered with an industry-leading Employee Retention Credit (ERC) tax firm to provide eligible business owners a cash refund up to $26,000 per employee in as little as a few days. We’ve already helped get millions of dollars back into the hands of small business owners!
South End Capital Offers Reduced Fee SBA Loans up to $1,000,000
South End Capital is supporting small businesses by promoting the SBA’s guarantee fee waiver on all eligible SBA 7(a) loans up to $500,000—and offering significant guarantee fee waivers for loan sizes up to $1,000,000.
South End Capital Announces a Selection of Recent Closings
In only 6 days we directly closed a 72-month, 11.88% fixed-rate, 0% down equipment financing. We directly closed a 10.75% rate, no prepay penalty, 10-year term, SBA 7(a) franchise start-up. We directly closed an 11.00% rate, no prepay penalty, 10-year term, SBA Express line of credit. Through our marketplace businesses quickly filed for the ERC and will receive a cash tax refund.
South End Capital Announces a Selection of Recent Closings
We directly closed a 5-year, 11.098% fixed-rate, 0% down payment equipment purchase financing. We directly closed an 11% rate, no prepay penalty, 10-year term, SBA 7(a) franchise start-up loan. Through our marketplace an interior design business quickly filed for the ERC and will receive a $174,497 cash tax refund.
South End Capital Features a Selection of Recent Closings
Market conditions aren’t preventing South End Capital from delivering creative financing. We directly closed a 5-year, 11.118% fixed-rate, 0% down payment equipment financing. We also directly closed a 10.75% rate, no prepay penalty, 10-year term, SBA 7(a) business purchase loan.
South End Capital Honors the SBA’s National Small Business Week by Offering NO Fee SBA 7(a) Loans up to $500,000.
Businesses can apply for a no fee SBA 7(a) loan to consolidate debt, access working capital, start a business, purchase a business or equipment, construct, purchase, refinance, or renovate business real estate, and more! Loans over $500,000 are eligible for reduced fees too.