South End Capital Corporation (SECC) announced today it has surpassed $100M in subprime Small Business Administration (SBA) loan closings, demonstrating that SBA loans are not just for A paper small business owner borrowers. According to SECC Managing Director Noah Grayson, “Most small business owners and business loan brokers believe that the SBA loan program is only for borrowers with high credit ratings in mainstream industries, who demonstrate consistent profitability over a long period. Yet this just isn’t the case.”