New Private Money, Small Business Loan Program from South End Capital Debuts with Two Swift Closings

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Brand-new program rescues small business borrowers previously dependent upon credit card receivable loans, merchant cash advances and factoring.

Before our new program launched, small business owners rejected by banks and SBA financing had only painful options: merchant cash advances, credit card receivable loans or factoring programs with daily payments and rates up to 130 percent.

Under a freshly launched Non-SBA Business Loan Program from Boston-based South End Capital Corporation (SECC), those who have been unable to finance expansion and other business needs finally have a welcome and affordable solution.

Prior to the new program announcement by SECC Founder and Managing Director Noah Grayson, the only options for small business owners who didn’t qualify for bank or SBA financing have been painful ones: merchant cash advances, credit card receivable loans, or factoring programs with untenable rates of up to 130%, often requiring daily loan payments.

“Without owning hard collateral such as real estate or equipment, it’s been unspeakably difficult for many hard-working owners of profitable small businesses to get their hands on the capital they urgently need to grow their operations,” Grayson stated. “But our new Non-SBA Business Loan Program doesn’t require hard collateral. And this is a private money business loan program with much more manageable rates than other non-bank or non-SBA programs. There are bi-monthly or monthly payment options, and no prepayment penalties in most cases.”

Additional details of the nationwide, cash flow – based program include interest rates starting at 7.99%, loan terms out to four years, credit scores down to 600, and ultra-fast closings (as little as three days). Most businesses in the US will be considered, and business owners should be delighted by the limited documentation requirements and one-page application. More program information can be found on the SECC website.

SECC’s initial closings within the new program highlight the many benefits available: An accounting firm owner with a 715 credit score and healthy business income was seeking a $75,000 expansion loan but, because of the small loan size and borrower’s lack of hard collateral, the firm was turned down by all lenders approached. SECC, however, closed the loan in only seven days, based strictly on the cash-flow of the business. An added plus: zero out-of-pocket expenses to the borrower.

The second closing, for a dental practice, involved a loan amount of $150,000 to provide working capital and expansion funds for equipment and a new office location. The borrower had solid credit and business cash-flow but no real estate collateral. She needed the improvement funds quickly and didn’t have the time to jump through SBA or bank loan hoops. Working with SECC, her loan closed three days after she accepted the loan offer.

Grayson is proud of his company’s fair and innovative solutions for business and commercial real estate borrowers nationwide—a niche SECC has effectively carved out since 2009. “This closing and other recent SECC closings demonstrate just how well our expanded programs are delivering,” he offered.

South End Capital Corp. works directly with borrowers and routinely with brokers, paying referral fees to its approved partners. To inquire about the many innovative programs available through South End Capital Corp., contact Noah Grayson directly at (888) 268.7778 ext. 5, or noah(at)southendcapital(dot)com.

About South End Capital Corporation

With offices on both the East and West Coasts, SECC is a direct commercial real estate lender providing private money loans up to $500,000 nationwide, and offering SBA, multifamily, bridge and bankable loans up to $20 million in participation with third-party investors. SECC also provides training and marketing services to commercial mortgage brokers through all stages of their business development. Additionally, SECC offers same-day term sheets, excellent service and prompt responses, is broker-friendly and pays referral fees to approved partners. For additional information, visit or contact Noah Grayson toll-free at (888) 268.7778 x 5 / noah(at)southendcapital(dot)com.

Also tagged: Commercial real estate loans, SBA loans, bridge loans, soft money loans, hard money loans, non-conforming loans, small business loans, multifamily loans

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Noah Grayson
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