South End Capital can provide business lines of credit from $100 to $100,000, with line fees starting at only 4.66%
LOS ANGELES (PRWEB) January 29, 2018
South End Capital Corporation (SECC) announced today it has finalized a strategic capital relationship that will now enable the firm to offer inexpensive business lines of credit to its clients without requiring a credit check.
“Offering a business line of credit without a credit check is an industry first,” stated SECC Managing Director Noah Grayson. He added, “Today, a business owner can’t even get a credit card without having his credit score pulled.” The new, ground-breaking program is available to most businesses in operation for more than six months and with greater than $25,000 in annual revenue.
Grayson explained that the No Credit Check line of credit is accessible and affordable for any eligible small business owner. The innovative program offered through South End Capital can provide business lines of credit from $100 to $100,000, with line fees starting at only 4.66% (for instance, a surprisingly low $466 on a $10,000 line). There is no paperwork involved and no tax returns or financial statements are required. There are also no up-front fees, no origination points, no junk fees, and no prepay penalties. Importantly, the loan process does not impact a borrower’s credit score.
And there is more good news, according to SECC’s Grayson: “The credit line is a fixed-fee line stretched over 12 weeks, and funds can be drawn within one day of applying. All the merchant needs to do is apply and link his business bank account to receive a credit decision within minutes. Once approved, the line is ready to be drawn upon right away—it couldn’t be simpler.” For more information about the new No Credit Check business line of credit, 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, 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.