South End Capital, a division of Stearns Bank N.A. reported robust equipment financing activities for the month of October.
Key October Funding Highlights:
Number of Financings: 658
Total Financings: $46 million
South End Capital's customized term and payment options match a business’s cash-flow cycle, and its innovative financing portal and live personal support enable it to issue financing approvals in hours, and fund in less than a day.
Featured Financings:
Athletic Club
- Funding Amount: $125,185
- Terms: 9.03 percent Rate, 5-Year Term
- Gym Equipment Purchase
Excavating Co.
- Funding Amount: $53,650
- Terms: 8.68 percent Rate, 5-year Term, 12-month Early Buy-out
- Excavator Equipment Purchase
Founded in 2009 as a nationwide, non-conforming commercial lender, South End Capital became a division of Stearns Bank N.A., a $2.2 billion financial institution, in June of 2021.