Noah Grayson, President of South End Capital Quoted in Recent American Banker Article “Small commercial lender’s underwriting method bucks convention”

…With smaller loans, “a preferred SBA lender may rely on other data points beside net income, such as [small-business credit scores], time in business, business credit and repayment history — and gross income — to determine eligibility,” Grayson said. 

South End Capital Announces 606 Equipment Financings for $46M in July

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. Featured financing: We directly funded this 3-year term, 0% down payment freight truck purchase. We paid the referring partner an $8,000 referral fee.

South End Capital Announces Exciting New Loan Programs

Other lenders may be tightening guidelines but we’re adding more programs to help meet your financing needs! 25-year fixed commercial real estate financing up to 90% LTV for various property types, from $25K to $20M+, with rates from 5% (30-year fixed loans are available for investment residential property).

South End Capital Announces 73 Commercial Real Estate and Business Financings for $96M in June

As one of the nation’s top commercial lenders and tech-enabled loan marketplaces—we’re able to offer the most competitive real estate and business financing options available. We directly funded a $2,530,000, 75% LTV, 6.75% rate, 25-year amortized SBA 7(a) loan to finance the purchase of a bar and lounge.

South End Capital Announces 703 Equipment Financings for $54M in June

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. Featured financing: We directly funded this 4.58% rate, 5-year term, 0% down payment equipment purchase with a delayed payment.  

South End Capital Announces 669 Equipment Financings for $51M in May

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. Equipment financing is available for most industries with rates starting in the 4% range, and with terms out to 7-years.

 

Stearns Bank Holdingford National Association to be Acquired by Canadian-Based VersaBank to Expand VersaBank’s Banking Services to the United States

Stearns Financial Services Inc. (“SFSI”) today announced it has signed a definitive agreement with VersaHoldings US Corp. to acquire Stearns Bank Holdingford N.A. (“SBH”) and launch VersaBank’s expansion into the United States. Canadian-based VersaBank, a leader in digital banking and cyber security solutions, is acquiring SBH through its wholly owned US subsidiary, VersaHoldings US Corp, for an estimated US$13.5 million (subject to adjustment at closing).

South End Capital Announces a Selection of Recent Loan Closings

Among the many recent loans funded by South End Capital was a 5.5% rate, 10-year amortized $2,096,300 SBA 7(a) loan for the purchase of equipment, inventory, and working capital for business expansion needs. South End Capital is a $2.3 billion balance-sheet lender and tech-enabled loan marketplace offering a full spectrum of business and real estate loans from $1K to $75M+.  

South End Capital Named the LendVer 2022 Best Commercial Real Estate & Business Lender

LendVer, the reputable database of vetted business and investment property lenders and service providers has finalized its review process for the 2022 Best Commercial Real Estate & Business Lender, and has selected St. Cloud, MN based South End Capital. Founded in 2009 by Noah Grayson as a nationwide, non-conforming commercial lender, South End Capital became a division of Stearns Bank N.A., a $2.3 billion financial institution, in June of 2021.

Stearns Bank N.A. Recognized by Independent Community Bankers of America (ICBA) in its 2021 Best of the Best Rankings  

The 2021 Best of the Best ranking, released in the May issue of Independent Banker, is based on pre-tax return on assets (ROA) from the past three years, with banks divided into three asset segments. Stearns Bank has consistently been ranked within the top 10, and for 2021, has been ranked #9 in its peer group of banks with over $1 billion in assets [see the rankings].

Noah Grayson, President of South End Capital, Interviewed for Real Estate Bees Article “How Much Do Hard Money Lenders Charge?”

This article will clearly describe the charges and costs of hard money loans (that are sometimes also called private money loans). This includes hard money rates and terms, fees, closing costs, and payments. There’s a lot to discuss, so let’s get started.

Noah Grayson, President of South End Capital, Interviewed for INSIDER Article “7 Key Things to Know When Seeking a Business Loan”

Grayson emphasizes three key factors that lenders prioritize before making lending decisions: Ability to repay the loan, the need for the money and how it will assist with a critical business need or growth, and the business and business owner’s overall creditworthiness.

“The number of employees the business has, or the amount of gross revenue (revenue received before expenses) doesn’t matter as much as the net income of the business (revenue after expenses) and the amount of time a business has been in operation,” Grayson says. “The higher the net income of the business and the longer the business has been in operation, the more financing options the business will have, and the more favorable terms will be available.”

South End Capital Announces 723 Equipment Financings for $53M in March

South End Capital a division of Stearns Bank N.A., a trail-blazing commercial lender and tech-enabled equipment, real estate, and business loan platform, has announced another explosive month for equipment financing. The 723 equipment financings in March were delivered to start-up and established businesses of all kinds, and many were funded in hours and required the borrower to complete just a short verbal or 1-page application.

South End Capital Announces a Selection of Recent Balance-Sheet and Marketplace Financings

We’re a $2.3 billion balance-sheet lender and tech-enabled loan marketplace offering a full spectrum of business and real estate loans from $1K to $75M. Most recently, we directly funded an 18-month, 7% rate, interest-only, short-term 4.71 acre land refinance loan with no prepay penalty. The land was raw, pre-development.  

South End Capital Delivers 0% Down Payment Equipment Financing for Hard to Fund Industries

South End Capital a division of Stearns Bank N.A., a creative commercial lender and tech-enabled business, real estate, and equipment finance platform, has announced a selection of recent equipment financings. The highlighted equipment financing transactions were provided to industries often overlooked by other equipment lenders, and demonstrate South End’s ability to think outside the box.