600 is a really big number to us.
In the sports world, 600 is a pretty significant milestone. Eight major league baseball players have hit 600 home runs (some with asterisks). Eighteen hockey players have scored 600 goals. The longest NASCAR race is 600 miles. The closest anyone has come to 600 passing touchdowns in the NFL is Peyton Manning with 539, and Norm Van Brocklin almost threw for 600 yards (554) in a single game back in 1951. Six hundred is a big number, and we’ve now cleared that milestone in terms of loans closed.
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12 years doing just one thing.
When we started back in 2003, we set out to be one of the first (if not the first) to specialize in SBA 504 loans. We wanted to help small business owners build wealth, create jobs, and grow their businesses via commercial real estate ownership, and we knew then that the SBA 504 loan program was the best way to make that happen. The same is true today, and we haven’t wavered from our mission. Twelve years in, we’ve had the opportunity to work with hundreds of banks, lenders, and CDCs nationwide. When your small business clients work with us, they get the benefit of our longevity and expertise.
All over the map.
While we’ve been laser-focused on the type of loans we provide, we’ve worked with small business owners from many different industries nationwide. We’re able to provide SBA 504 loans in any state in the Union, and then some. Our current tally (as of 9/30/2015) is 593 loans in 40 states, Puerto Rico, and D.C. Those loans are worth more than $1.65 billion in total project costs and have helped to create and retain 9,311 jobs.
Our level of experience, breadth of knowledge, and deep relationships nationwide allow us to provide unparalleled service for small business owners wherever they may be located.
If you have questions about SBA 504 eligibility, why your clients should consider SBA 504 loans, or our 12-year track record, call us today. We’re here to help.
– Your 504 Experts
It’s hard to believe, but 75% of 2015 is history. Halloween is almost here, which means Christmas isn’t far behind, and Thanksgiving will fall sometime in between. Next year will probably get here much sooner than most of us would like, but it’s not here yet, so let’s talk about what’s going on now.
Check this out: we recently closed a fourth loan for XL Sports World, which makes them our second* four-peat client. Since 2011, we’ve closed loans for XL in Orlando (FL), Saco (ME), and Midlothian (VA). This fourth loan was for the purchase of an existing 56,208 SF indoor multi-sport facility in Apex, NC. We provided both the first and second mortgages for this $4.51 million project, and Florida First Capital Corporation was the Certified Development Company (CDC). It’s not every day that a lender is able to provide four SBA 504 loans for the same small business owner, but we’ve proven that it’s not impossible (and it’s a pretty smart move on the part of the business owner).
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We founded Mercantile in 2003 to do one thing: help small business owners achieve their dream of purchasing their owner-occupied commercial real estate. We believe the SBA 504 loan program is the best and smartest way to fund these projects. Among other things, it allows us to offer lower down payments, longer terms, and lower fixed monthly payments than ordinary commercial financing. We’re so convinced that SBA 504 loans are the smart choice for most small business owners that we made the SBA 504 loan our specialty and we work hard to provide the best service to our small business clients.
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Have you heard about the Peace Day Burger?
Burger King, in an open letter and in celebration of The International Day of Peace (September 21), proposed a ceasefire to the ongoing burger war it has waged with McDonald’s. The Peace Day Burger would “blend the best bits of the Whopper and Big Mac” to create the “McWhopper.” The letter ran in full-page ads in The New York Times and Chicago Tribune, and Burger King even built a website and posted YouTube videos explaining the logic and potential assembly of this mashup burger.
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