SECC Closes a $2,100,000 SBA 7(a) Refinance w/ Almost $300,000 of Working Capital

SECC provided a $2,100,000 SBA 7(a) refinance of a $1,806,355 first mortgage secured by an owner occupied retail store located in Daytona Beach, FL. SECC delivered almost $300,000 of working capital, a 5.50% quarterly adjustable interest rate amortized over 25 years, and funded this loan in a little over 30 days!