South End Capital Closes an $825,000, 7% APR, Working Capital and Expansion Loan for a Popular NJ Restaurant
August 28, 2017
Most lenders shy away from restaurants but not South End Capital. We provided this business owner $396K of unrestricted working capital, $165K for new equipment, $125K for new furniture and fixtures and $136K for leasehold improvements. All closing costs were financed and we delivered a 7% APR, amortized over 10 years and with no prepayment penalty.