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South End Capital Recent Closing
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$5,000,000 MCA Consolidation, Debt Refinance and Working Capital Loan

Transaction Overview - Petroleum Company

As we've mentioned, the petroleum industry is not the favorite of most lenders. That is why these borrowers had to turn to high interest rate debt for business expansion needs.

The business had accumulated over 15 different high interest debt positions with APRs up to 92%, 35%, 27% and 20%. These expensive merchant cash advances (MCAs), equipment and alternative loans cost the business over $100,000 per month.

We consolidated all 15 of the business's debt and advance positions at 6.5% APR, and amortized the loan over 13 years into one monthly payment of $47,559 (more than half of the business's previous monthly debt expense!). We also provided the borrowers over $591,000 of unrestricted working capital to help with the continued business expansion. 

Even though the business only had real estate collateral equal to less than half of our funded loan amount, the cash-flow was strong and the borrowers had high credit making them a great candidate for this consolidation loan.

We handled the transaction from start-to-finish for our submitting broker and he was very pleased with his $75,000 commission earned on this transaction ($25,000 received from South End Capital and $50,000 received from the borrower).

SBA Unrestricted Program

SECC offers an aggressive SBA loan program priced at a maximum annual interest rate of 6.5%, amortized over 10 years (13 or 25 years, if the business has available real estate collateral). The program features one affordable monthly payment and often no prepayment penalty. SECC can consolidate a business owner’s expensive merchant cash advances (MCAs) or business debt, remedy stifling business issues, provide expansion or purchase funds and offer unrestricted working capital to assist with new growth and other business needs. SECC imposes few business-type restrictions, will consider borrower credit down to 580 (or lower), can work with past borrower bankruptcies or foreclosures, and will fund from $250,000 to $5,000,000 in all 50 states. We only need one year of tax returns to qualify a business and we'll even consider startups. 
**Complete the below easy online application and attach the most recent year personal and business tax return for a same-day Letter of Interest (LOI)**
Complete our Easy Online Application
Request an SBA Unrestricted Program Matrix

About South End Capital

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.

Contact Us
Antoine Anderson
Account Director
(888) 268 - 7778 x 3
antoine@southendcapital.com


Territory Coverage by Client Location
CA CT IA ID IL IN MA ME MI MN MT ND NH NJ NV NY OH OR PA RI SD VT WA WI WY
 
David Paylor
Account Executive
(888) 268 - 7778 x 14
david@southendcapital.com


Territory Coverage by Client Location
AL AK AR AZ CO DC DE FL GA HI KS KY LA MD MO MS NC NE NM OK SC TN TX UT VA WV.
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