504 Loan Blog: Curated by Mercantile Capital Corporation

  • more-shares
    • Save on Delicious
We do a lot of construction loans…
  • Friday, October 31st, 2014 at 11:02 am
  • 8 Comments

Construction Financing for Small Businesses

We’ve seen something of a small business construction boom in terms of our loan production in the last few years. Because we have so many construction projects under our collective belt, we think maybe we can say that we’re small business construction loan experts. It’s a very subjective judgement on our part, but we would never say something like that without having some evidence to back it up. Shannon Marks, our President and COO, has graciously answered a few questions about Mercantile’s collective experience in construction financing. Take a look…

Read More »

  • more-shares
    • Save on Delicious
Commercial Finance Update: October 2014
  • Friday, October 10th, 2014 at 2:13 pm
  • 9 Comments

Commercial Finance Update: October 2014

Happy New Year! (In October?)

The SBA’s fiscal year began on October 1st, so SBA lenders nationwide are working on their resolutions. Probably lots of the usual stuff: eat better, quit smoking, join a gym, do more loans, etc. We’re not big on new year’s resolutions, so we’ll just keep helping small business owners. Business as usual. We’ll probably take a break to do some Halloweening later this month, but that won’t deter us from providing the best commercial real estate financing experience for small business owners nationwide.

Read More »

  • more-shares
    • Save on Delicious
Apple Ruined Our Smartphone App *UPDATED*
  • Friday, September 26th, 2014 at 5:10 pm
  • 0 Comments

iOS8 - The Ocho

Every time Apple releases an iOS update, we have to scramble to fix whatever problems it causes with our iPhone app. Sometimes the problems are minimal, but sometimes the app is rendered unusable. The process is compounded because we didn’t develop the app in-house and we don’t have any mobile developer types on staff who can troubleshoot and fix even minor issues.

Read More »

  • more-shares
    • Save on Delicious
September Commercial Finance Update: Construction Edition
  • Wednesday, September 10th, 2014 at 3:33 pm
  • 3 Comments

SBA 504 construction loans

Construction projects accounted for 62% of our lending activity last year. It wasn’t always that way, but the past few years have been construction-heavy for us. We’ve become pretty darn good at this type of lending (if we do say so ourselves) and that’s good news for you. When you or your clients get stymied by lenders who aren’t keen on financing construction/renovation projects, we’re only a phone call or email away. 

Read More »

  • more-shares
    • Save on Delicious
How to handle mistakes like Downton Abbey
  • Thursday, August 28th, 2014 at 4:59 pm
  • 0 Comments

downton-abbey-blog-header

Even if you don’t watch it, surely you’ve heard of the British show Downton Abbey. Two weeks ago they released a series of publicity photos for the upcoming season and one photo in particular got all the attention, but for all the wrong reasons. The stars of the show were dressed in full period garb (the show takes place in the 1920s) but someone had left a plastic water bottle on the mantle behind the two actors. Plastic bottles of course, were not introduced until the 1960s.

Read More »