These borrowers were in the midst of a long SBA loan process with another lender when they were referred to SECC. They were in need of quick working capital to meet their growth needs and couldn’t wait any longer for their SBA lender to follow through. SECC funded $30,150 of unrestricted working capital in 2 days and with no prepayment penalty, so when the SBA loan did come together our financing could be paid off with no penalty. SECC also structured a monthly payment fixed for 10 years and with no interest guarantee.