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SECC Recent Closing
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Recent Funding

 

$1,221,600 SBA 7(a) Motel Refinance w/ $177,600 of Working Capital

SECC refinanced and consolidated eight (8) business loans including a number of high interest rate private loans, drastically lowering the borrower's monthly interest expense. We also provided this business owner $177,600 of working capital to help with motel upgrades and boost struggling on-line reviews. 

Exterior corridor motels are often overlooked by SBA and bank lenders because of their outdated construction and limited customer and investor appeal. SECC has no collateral restrictions and no industry restrictions (except those dictated by the SBA) so funding this property type posed no issues for us.

Even though this client was consolidating multiple loans and had low 600 credit scores, SECC was still able to provide funding up to 85% of the property value and at a 6.25% rate fully amortized over 25 years.
We May Not Have the Lowest Rates but We Will Consider Funding any SBA Eligible Loan, Even One Turned Down by Another SBA Lender
  • Past Bankruptcies OK
  • Past Foreclosures OK
  • Rural Properties OK
  • Credit Down to 550 OK
  • Blanket Loans 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 60 Days

We Handle All the Paperwork for You!
SECC's SBA Parameters
Loans secured by businesses and business occupied real estate 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 (>550 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 + 2.00 (5.50%)
  • 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 (0.5% on business only or higher risk)
- 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 Available
- 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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