This borrower, a current Funding Circle client, was turned down by them for additional credit he urgently needed to take advantage of a business investment opportunity. Although the borrower received multiple daily and weekly ACH financing offers, finding a competitive term offer to take a second position behind Funding Circle was next to impossible for him.

SECC was able to fund the borrower the cash he needed in less than 2 days, provide a monthly payment fixed for 10 years, offer no prepayment penalty or interest guarantee and provide a 24% rate with 5 points.

When this borrower was brought to SECC he was stuck in a high daily payment advance factor rate. The business’s cash-flow had improved significantly since its launch in 2013 but the borrower had still not been able to obtain financing from other term lenders like Funding Circle. The business’s relatively short time in business and lack of historical cash-flow had been road blocks to procuring financing elsewhere.

SECC is pleased to announce the closing of a $1,600,000 purchase and rehab loan located in Massachusetts. The short-term interest only loan was fixed at 13% for 3 years, carried no prepayment penalty and provided for approximately $600,000 in rehabilitation funds.

In 2012, there were about 28.1 million real estate investors in the United States. As of the end of first-quarter 2013, the Federal Registration of Mortgage Loan Originators listed 394,000 registered loan originators. These days, because many loan “brokers” don’t feel they can spend the time or money to register or join associations, the figure for registered originators undoubtedly understates by a sizable amount the number of intermediaries placing loans in this country.

South End Capital (SECC) Managing Director Noah Grayson has reported 2015 commercial financing applications from small business owners and property investors grew dramatically over 2014 with late 2015 applications alone increasing 263% over the same quarter (Q4) in 2014. The seven-year-old boutique lender and finance firm received almost 2,200 loan applications in 2015 comprised of 1,436 small business loan requests totaling almost $690 million, and 760 applications of just over $660 million for non-conforming residential and small-balance commercial real estate investors.

We are pleased to announce the closing of this $17,100 working capital loan for a wine company located in California. This borrower had been turned down for financing from every bank, term and MCA lender she’d approached when her broker brought her to SECC. Credit in the 500s and time in business of only 10 months were reasons enough for other lenders to pass on the application. SECC came through with a 10 year fixed term, monthly payment and no prepayment penalty and funded the borrower in 1 day.

Monthly payments, no prepayment penalties and rates starting at 9.99% are still available, but now we offer: No restricted industries, No caps on NSFs, no minimum deposit requirements, no time-frame for bankruptcies or foreclosures, no judgment restrictions, credit down to 500, minimum time in business down to 2 months and much, much, more…

SECC is pleased to announce the closing of this non-owner occupied single family residence purchase loan in Georgia. SECC provided a 5 year fixed loan amortized over 30 years, priced at 7.5% with a 54321% declining prepayment penalty. The property was vacant at the time of closing and SECC required no tax returns, no financials, no 1003 or PFS.

SECC is pleased to announce the release of our non-owner occupied 1 to 4 unit residential loan program. This program serves to capitalize on the growing financing need of residential property investors and flippers in the current marketplace. SECC’s program provides terms and flexibility currently unavailable through mainstream capital channels.

SECC is pleased to announce the funding of a $211,750 acquisition loan for the purchase of a vacant bowling alley in California. The borrower confronted many barriers to obtaining financing prior to being introduced to SECC who was able to provide a 25 year fixed rate stated income loan. Most lenders would shy away from a vacant special purpose property in a tertiary market, but SECC delivered enabling the borrower to capitalize on this opportunity.

SECC is pleased to announce the closing of an $8.3M bridge loan for the refinance cash-out of a California office building. SECC delivered a 12 month interest only term, a 12% interest rate, 75% LTV and over $1.5M of cash-out.

SECC is pleased to announce the closing of a $1,435,000 purchase and construction loan secured by 3 contiguous office condominiums. The borrower required a purchase loan that included over $500,000 of construction, but was not interested in SBA financing. SECC delivered a high LTV conventional loan at a 5.35% rate, fixed for 5 years and amortized over 30.

SECC’s Private Business Term and Express programs are fast and efficient vehicles to provide small business owners the capital they need without the headache or long drawn out process that comes with conventional or SBA financing. Our 5 most recent closings exhibit the speed at which we are able to execute these transactions as well as the variety of business types we are able to serve.

SECC is pleased to announce the closing of a $100,000 uncollateralized private business loan made to a Florida based pizzeria. The borrower was seeking quick private capital with no prepayment penalty and an affordable rate. SECC delivered on the borrower’s request, required no real estate collateral and closed fast.

We live in an Amazon.com world. Salesmen can no longer hawk their wares the way they used to, big-box retailers are closing their doors daily, and rising above the competition is all about Google ad-dollar superiority and Yelp reviews.

SECC is pleased to announce the closing of a $350,000 private business working capital loan for an insurance brokerage located in PA. The insurance industry is typically restricted for most private business lenders but not for SECC. Not only did we provide a loan for a difficult to finance industry, but we closed a loan with no prepayment penalty, a monthly payment, no real estate collateral and very competitive pricing.

SECC is pleased to announce the closing of a cash-out refinance loan made against a 71% occupied retail strip mall located in Killeen, TX. The borrower was brought to SECC by one of our valued broker partners and seeking a quick stated income loan that would get her the unrestricted cash-out she needed, without the requirement of producing tax returns.

SECC is pleased to announce the closing of a $340,000 cash-out refinance against an owner occupied single tenant office located in Marlton, NJ. The borrowers’ credit had suffered from erroneous reports on their profiles which forced their scores into unbankable territory. Unlike other lenders, SECC was able to use a common sense approach to extend bankable terms to borrowers who rightly deserved them.

SECC is pleased to announce a selection of recent small business loan closings that demonstrate a growing versatility and dominance in this space. Small business owners need to look no further than SECC where both their private business and SBA business loan needs can be promptly and adeptly met.

SECC is pleased to announce the closing of a $50,000 working capital loan for a Florida based furniture retailer. SECC structured a competitive and quick private business loan that delivered much needed funds to the borrower without the headache or protracted process that can come with SBA or conventional financing.

SECC is pleased to announce the addition of six new team members to its Account Executive Team. These individuals bring years of commercial finance experience to SECC.

SECC is pleased to announce the closing of a $100,000 private business term loan. The borrower was seeking a quick and streamlined loan for his profitable interior design and remodel business and wasn’t interested in dealing with the rigors of SBA financing. SECC provided a fast, competitively priced term loan with a fixed monthly payment and no prepayment penalty so the borrower can exit the loan at his convenience.

SECC is pleased to announce four recent closings from the week of August 10th, 2015. This selection represents the diversity of SECC’s programs, and it’s drive to provide flexible and expedient programs that put capital in the hands of non-conforming real estate and business owners.

SECC is pleased to announce the closing of a $350,000 cash-out refinance loan made against a non-owner occupied residential condo located in Los Angeles, CA. The borrower was looking for a quick, hassle-free, short-term loan that would still offer a competitive rate and the cash-out he needed. SECC was able to provide a 7.75%, interest only loan, fixed for 12 months and close fast.

SECC is pleased to announce the funding of a $354,250 cash-out loan made against a free and clear, non-owner occupied single family residence. The borrower had difficulty finding a lender that would provide unrestricted cash-out, offer a no tax return loan and close quickly at competitive terms. SECC stepped up to the plate on all accounts and paid a generous referral fee to our submitting broker.

SECC is pleased to announce the closing of this $100,000 private business term loan for a home renovation business located in New Jersey. The borrower was looking for quick capital to aid in her business expansion but didn’t want to pay the high interest rates that come with a MCA. In under two weeks SECC was able to close on a 3 year fixed rate term loan at 16.29% and provide a monthly loan payment option that did not require any out-of-pocket costs.

This borrower needed funds fast to assist in the expansion of her daycare to a new location. Since most other private business lenders focus on credit card receivables and this business had none, the borrower was having trouble procuring a loan even at this small size. SECC had no issue with the lack of credit card receipts and quickly provided this loan based on the stand alone cash-flow of the business only.

As the market improves, challengers are giving bridge lenders a run for their money. To stay ahead of the pack, bridge lenders are being forced to lower their interest rates and origination points, loosen documentation requirements and adopt tech-savvy application processes that shorten closing times.

SECC is pleased to announce the funding of a $780,000 cash-out loan made against a free and clear industrial property located in Ohio. The borrower had paid cash for the subject property less than a year ago and sought to recoup his investment. The borrower was unable to provide tax returns, the property was special purpose in nature and the location was less than ideal for most lenders. SECC funded over $720,000 of unrestricted cash-in-hand to the borrower, didn’t require tax returns and paid a generous $23,400 rebate to the submitting broker.