When this borrower came to SECC he had been turned down by numerous lenders for myriad reasons: The loan request was too small, his credit scores were in the 500s, construction industry, home based business, business operating less than one year, number of NSFs, no filed business tax return and revenue of around $100,000. SECC saw a hard working individual striving to grow his business who deserved a small starter loan and a chance. We're optimistic the borrower will pay the loan back regularly and on time, and we'll be standing by ready to provide progressively larger loans to help the borrower turn his small business into a large one.
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