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South End Capital Announces 723 Equipment Financings for $53MM in March

April 06, 2022, 07:16 AM

South End Capital, a division of Stearns Bank N.A., a commercial lender and tech-enabled equipment, real estate and business loan platform, announced another explosive month for equipment financing. The 723 equipment financings in March were delivered to startup and established businesses of all kinds, and many were funded in hours and required the borrower to complete just a short verbal or 1-page application.

South End Capital offers new and used equipment financing for businesses across a variety of industries, with rates starting in the 4 percent range.

"As a $2.3 billion balance-sheet lender and tech-powered financing marketplace, we're able to offer a full spectrum of equipment financing to emerging and expanding businesses" said Noah Grayson, President of South End Capital. "Borrowers can expect fast responses, industry-leading financing terms and an expedited closing process paired with white-glove service."

The terms of South End Capital's equipment financing program are customized and creatively structured to match a business’s cash-flow cycle, and equipment financing is available from $5,000 to more than $5 million (purchase or refinance).

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