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SECC Recent Closing
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Recent Funding

 

$2,100,000 SBA 7(a) Refinance w/ $294,000 of Working Capital Closed in 30 Days!

SECC provided a $2,100,000 SBA 7(a) refinance of a $1,806,355 first mortgage secured by an owner occupied retail store located in Daytona Beach, FL. SECC delivered almost $300,000 of working capital, a 5.50% quarterly adjustable interest rate amortized over 25 years, and funded this loan in a little over 30 days!
We May Not Have the Lowest Rates or Pay the Biggest Rebates, But We Will Consider Funding any SBA 7(a) Loan Turned Down by Another SBA Lender
  • Past Bankruptcies OK
  • Past Foreclosures OK
  • Rural Properties OK
  • Credit Down to 500 OK
  • Large Working Capital Needs OK
  • Specialized Properties OK
  • Higher Risk Businesses OK
  • Land Used for Business Purposes OK
  • Business Loans Without Real Estate Collateral OK
  • Time Sensitive SBA Loans OK
 
Make More by Closing More SBA Loans & Closing Them Faster!
Broker Rebates Paid up to 1.0%, Closings in < 45 Days
SECC's SBA Parameters
Loans secured by businesses and business occupied real estate (>50%) only
  • Loans from $250,000 to $5,000,000+
  • No Restricted Industries (except those the SBA deems ineligible)
  • No Property Type Restrictions (even land as collateral is acceptable)
  • No Credit Score Minimum (>580 preferred)
  • Past BKs, Foreclosures and Back Income Taxes on Payment Plans Ok
  • No Collateral Requirement, Business Only Loans Ok
  • No Geographic Restrictions and No Population Minimums
SECC's SBA Terms
  • Quarterly Adjustable Rates Starting at Prime + 1.25 (4.75%)
  • 5 Year Fixed Rates Priced at 5.75%
  • 25 Year Fixed Rates Priced at 7.75%
  • 25 Year Amortizations and 5%, 3%, 1% PPP on Real Estate Loans
  • 10 Year Amortizations and No PPP on Business Only Loans
  • LTV's up to 90% on Generic and Semi-Generic Property Types
  • LTV's up to 85% on Special Purpose Properties Types (Hotels, etc.)
Submission Requirements for a Letter of Interest (LOI)*
*Additional documents may be required. 

Submit Your Application
Request a Product Sheet
What Else?

- Broker Rebates up to 1% Paid on Every Closing
- Only 1 Year Time in Business Requirement
- No Collateral Requirement 
- All Business Proceed Uses Considered
- We Handle all the Processing and SBA Paperwork 
- Same Day LOIs Avaialble
- Fantastic Service and an Easier SBA Process

- Need a Quicker Loan? Click Here for our Private Business Program

 
Email, or Call:
 
(888) 268-7778 x 2
 
 
The above guidelines are for informational purposes only, are estimates subject to change or withdrawal at any time and do not constitute a commitment on behalf of SECC or its assigns to provide the financing being described. Please apply and/or contact your SECC representative for more details.
 

South End Capital Corporation "SECC", founded in February of 2009, is a nationwide, non-conforming lender (CA Finance Lenders License # 603 L334) providing collateralized and uncollateralized loans to business owners and real estate investors directly, and in participation with third-party lenders.

SECC offers easy online applications, excellent service, prompt responses, generous compensation to approved partners, and custom tailored loans—we evaluate actual need, not just the application.

Copyright © 2016 South End Capital Corporation, All rights reserved.


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