South End Capital Closes $200,000 Biz Loan, 5 Year Term, No PPP, Monthly Payment

SECC provided a $200,000 working capital loan for a hotel located in Pennsylvania. The borrower did not have time to wait 60 to 90 days for SBA financing, so SECC deliveredĀ a quick unsecured private loan carrying no prepayment penalty and fixed for 5 years.