South End Capital Closes SBA Flex Loans Totaling $4,660,000 Providing Consolidation and Expansion Funds for 4 Growing Businesses
October 3, 2017
We provided this Akron, OH business $1,926,278 to refinance its existing mortgages on its heavy industrial property. We also paid off almost $375,000 of expensive MCAs and provided $80,000 of working capital. Our loan reduced this business’s monthly debt from $54,207 to $17,669. We delivered a 7% APR amortized over 25 years and the referring broker earned a $12,500 referral fee.