With working capital available to enterprises in operation for only six months or more, even fairly new businesses are taking advantage of this program.
LOS ANGELES (PRWEB) February 16, 2018
South End Capital Corporation (SECC) announced today that its new, “No Credit Check” Business Line of Credit program introduced only two weeks ago, has already approved dozens of credit lines—most in less than 24 hours.
“We were delighted by the volume of response to our new ‘No Credit Check’ program,” stated SECC Managing Director Noah Grayson, adding, “Business owners have reported that they can’t believe how easy the ‘no credit score, no paperwork’ credit line program is.”
With working capital available to enterprises in operation for only six months or more, even fairly new businesses are taking advantage of this program. What’s more, businesses need to show only $25,000 in annual revenue, Grayson explained. “The ‘No Credit Check’ line of credit is accessible and affordable for any eligible small business owner,” he stated.
SECC’s innovative new program can provide business lines of credit from $100 to $100,000, with line fees starting at only 4.66%—a surprisingly low $466 on a $10,000 line, for example. No paperwork is required; no tax returns or financial statements are needed.
Prospective borrowers will also be pleasantly surprised to learn that the program does not require up-front fees, and there are no origination points, junk fees or prepayment penalties. Importantly, the loan process does not impact a borrower’s credit score.
And there is even more good news, Grayson announced, “The demand for business credit lines has been so great, we are bringing back our full-documentation business credit line program for sums up to $2 million. We want to make sure that we have a ready option to meet the financing needs of any business owner coming to us for a credit line.” For more information about SECC’s business lines of credit or to apply, visit http://www.southendcapital.com.
ABOUT SOUTH END CAPITAL CORPORATION
Founded in 2009, South End Capital Corporation (SECC) is a nationwide, non-conforming lender (CA Finance Lenders License # 603 L334) providing commercial and investment-residential real estate loans, bridge loans, subprime SBA loans, business loans, and merchant cash advance (MCA) consolidation loans.
SECC has been named “Best” and one of the “Top Ten Best” hard-money / bridge lenders in the US, by Fit Small Business and TopTenReviews, respectively. SECC offers easy online applications, excellent service, prompt responses, generous compensation to approved partners, and custom-tailored loans.