Same Day Equipment Financing SBA Startup Funding South End Capital a division of Stearns Bank, NA.

South End Capital a division of Stearns Bank, NA, LendingTree.com, Business Loan Analyst, LendingTree® Mortgages, BusinessLoanAnalyst.com, LendingTree® Official Site, We are one of the nation’s top equipment financing lenders with over 30 Certified Lease Finance Professionals (CLFP) on staff. Our customized term and payment options match your business’s cash-flow cycle, and our innovative loan portal and live personal support enable us to issue financing approvals in hours, and fund in less than a day. 
$5,000 to $5 Million+
Custom Payment Options
Competitive Pricing
Up to 60-Month Terms
Most Industries Eligible
Dealer & Private Party Sales
Nationwide Financing
0% Down on Purchases
Start-Up Terms Available
Approvals in Hours
Same Day Funding
NEW and USED Equipment 
As a division of a $2.3 billion bank, you can count on the most competitive terms and a tailored equipment financing structure that works for you. Any mission critical equipment and most industries are considered. Click below to learn more and be contacted by a team member.

Monday, November 6, 2017

Do You Qualify for a Small Business Loan?

You have a small business and your looking to expand, refinance, acquire more capital, ect. You need a small business loan, but you’re not sure if you qualify.

Well first lets decide if you’re actually a small business. According to the U.S. Small Business Administration the following characteristics are those of a small business:

  • Organized for profit
  • Has a place of business in the U.S.
  • Operates within the U.S. making significant contribution to the U.S. economy through payment of taxes or use of American products, materials or labor
  • Independently owned and operated
  • Not dominant in its field on a national basis

In addition to this list, your business must use SBA size standards to be selected as a small business, which depends on your number of employees over the past 12 months and receipts for the past three years.

Once you determined that you are indeed a small business, it’s time to see if you qualify for a small business loan:

  • Net worth must not exceed $7.5 million
  • Average net income over the last 2 years must not exceed $2.5 million
  • Business must be operated for profit and located in the U.S.
  • Owners must be U.S. citizens or resident aliens
  • 51% or greater percentage occupied by owner operated business

If you fit all these requirements and are looking for a small business loan, Newtek is here to help!

Newtek is the number one non-bank lender in the country. Financing small businesses from $50,000-$10 million. We have lent over half-a-billion dollars to over 800 U.S. based small businesses. Whether you’re expanding, refinancing your existing debt, or acquiring new equipment, Newtek provides financing solutions to help you grow your revenue or improve your cash flow with 25-year amortization schedules.