South End Capital Responds to Urgent Year-end Funding Demand with Flood of New SBA and Business Loan Dollars

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Company augments aggressive financing options for small business owners judged unbankable by other lenders

Business owners are still grappling with the financial and credit difficulties they have recently suffered. With our increased capital available, we can serve those borrowers quickly and well.

South End Capital Corporation (SECC) announced earlier this week that, through the remainder of Q4 2014 and into 2015, the company will be deepening its already aggressive lending policies and programs to step up its volume of much-needed commercial funding for small business owners turned down elsewhere.

According to SECC founder and Managing Director Noah Grayson, “The market is continuing to recover in numerous areas and many business owners are still grappling with the financial and credit difficulties they suffered during the recent deep recession. With our increased capital available, we can serve those borrowers quickly and well.”

Nationally recognized for its innovative funding programs, SECC has already in the first three quarters of 2014 provided tens of millions in SBA 7(a) financing as well as private business financing to borrowers who could not find funding conventionally or through other lenders. Said Grayson, “This year, we not only proved a welcome resource for those turned down for SBA 7(a) loans elsewhere, we’ve also provided numerous non-SBA private-money business loans to borrowers who believed they had no options at all.”

SECC has provided interest rates as low as 5.5% and LTVs as high as 90 percent or greater, for borrowers with credit scores even in the 500s. Many of these borrowers have recently exited bankruptcy, have below break-even business cash flow, present with property or businesses in depressed or stagnant markets, or offer special-purpose collateral unappealing to other lenders.

SECC’s SBA 7(a) program has no credit score minimum, no population or geographic restrictions, and no industry or property restrictions (apart from those set forth by the SBA).

Grayson stated. “When it comes to our SBA 7(a) program, we navigate the entire process for borrowers and their broker partners, to make it seamless. People are always surprised at just how easy our online applications are and how truly responsive and dedicated our staff is.”

SECC’s Private Money Business program--equally as aggressive the SBA 7(a) program--is unique in that no real estate collateral is required; only a personal guarantee and UCC filing on the business and its assets.

Loans are underwritten on cash flow, from $5K to $500K in all 50 states, with terms out to five years. Credit scores down to 550 and most industries are considered; additionally, there are no prepayment penalties in most cases. Loans can close in as little as one day, and allow monthly, weekly and daily ACH repayment options.

SECC welcomes both borrower and broker inquiries. The firm also offers generous referral fees to approved partners. To inquire about this program or any of 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.

Headquartered in Boston with offices nationwide, SECC is a direct commercial real estate lender providing non-conforming and private money loans up to $5 million nationwide, and offering SBA, business and bridge loans up to $20 million in participation with third-party investors. Additionally, SECC offers same-day term sheets, excellent service and prompt responses, is broker-friendly and pays referral fees to approved partners. To learn more about SECC, visit or contact Noah Grayson at (888) 268.7778 x 5 / noah(at)southendcapital(dot)com.

Also tagged: Bridge loans, soft money loans, hard money loans, non-conforming loans

Katherine Roman

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