South End Capital Announces Exciting Updates Offering MORE

Keep more money and grow your business with 0% down payment equipment and SBA financing for eligible borrowers. Earn up to 3.20% APY* with a high-yield deposit account or up to 5.06% APY* with a 6-month CD today! Plus, even MORE…

South End Capital Announces a Selection of Recent Financings

We directly closed a 10.75% rate, no prepay penalty, 10-year term, SBA 7(a) debt consolidation loan. We also directly closed a 5-year term, 8.56% rate, 0% down, private-party sale equipment financing and many more transactions.

Stearns Bank Offers FDIC Protection Over $250K

We’re a division of Stearns Bank which is known for having a bulletproof balance sheet and 25% capital without exposure to unrealized losses or the crypto industry. Because of our strength we’re able to offer FDIC protection up to $150 million.

Noah Grayson, President of South End Capital Quoted in Recent GlobeSt.com article “11 Banks Throw a $30B Lifeline to First Republic. Expect a Volatile Ride for CRE”

Big banks have come with a $30 billion unsecured rescue deposit for First Republic Bank in its efforts to stay afloat. The extraordinary deal involves 11 of the largest banks in the country: Bank of America, Citigroup, JPMorgan Chase and Wells Fargo putting in $5 billion each; Goldman Sachs and Morgan Stanley with $2.5 billion each; and BNY-Mellon, PNC Bank, State Street, Truist and U.S. Bank with $1 billion each.

Stearns Bank: A Fortress of Strength and a Safe Haven for Depositors

Stearns Bank, N.A., a Minnesota-based financial institution, is echoing its longstanding message of strength and stability amid recent bank shutdowns and the $620 billion “unrealized losses” problem plaguing banks of all sizes – but not Stearns Bank. With its 25% capital and 2.78% reserves, which are consistently 2-3 times stronger than its peers, along with its 3% Return on Assets (ROA) and ultra-clean investment portfolio, Stearns Bank’s bulletproof balance sheet stands out as a fortress of strength in the banking industry.  

South End Capital Announces $100M Closed in January

Transactions included a $350,000 SBA 7(a) financing for the refinance and construction of a restaurant, a $139,500 sandwich franchise business purchase loan, and various equipment financing transactions with 0% down, fast approvals, and closings in just days…

South End Capital Announces $147M Closed in December

Transactions included a $4.9 million SBA 7(a) financing for the expansion of an aesthetic and wellness spa, a $350,000 SBA credit line for a freight logistics company, 0% down equipment financing for a long-haul trucking co. to purchase a new truck, a $186,359 employee retention credit refund, and more…

South End Capital Announces $1.4B and 7,800+ Closings in 2022

Thank you to all our clients and partners that helped make 2022 a banner year! We’re ready to fund even more in 2023—are you? As one of the nation’s top direct lenders and tech-enabled loan marketplaces—we’re able to offer the most competitive business, equipment, and real estate financing options available. 

South End Capital Announces 585 Equipment Financings in August for $50M

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.

South End Capital Offers Merchant Cash Advance Holders a Better Option

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 come to the rescue of small business owners seeking an economical alternative to costly merchant cash advances. In addition to affordability, the ease of South End’s program is what makes it appealing—as often no tax returns, hard collateral, or financials are required and funding can be delivered via a streamlined application process in hours.

American Banker Features South End Capital’s New Streamlined SBA Express Program

“South End Capital, a division of Stearns Bank in St. Cloud, Minnesota, is rolling out a nationwide Small Business Administration small-dollar Express loan product, promising to fund loans up to $25,000 within days, perhaps hours…”

South End Capital Launches Lightning Fast Stated Income SBA Express Program

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.

South End Capital Announces a Selection of Recent Franchise, Start-Up, and Working Capital Financings

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.

Leverage.com Names South End Capital a Recommended SBA 7(a) and SBA 504 Lender in Recent Article

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 Terms

Loans 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) Lenders

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”

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.