South End Capital Announces a $917,000 Restaurant Loan Funding Yesterday (03/23/2020), The 2nd Restaurant Loan Funding Announcement by the Firm in Less Than a Week

$431K refinanced the restaurant’s mortgage, $225K paid off existing SBA loans, $156K paid off a 19.7% business loan + other debt, and the balance was for working capital and closing costs. We delivered a 6% rate, 25 year am., and 100% LTC.