SECC Closes a $340,000 SBA 7(a) Loan at a 6% Rate for Borrowers with Credit in the 500s

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.