The Official Blog of the SBA 504 Experts

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A record-breaking Q1 and a big thank you…

Mercantile Capital Corporation had a record-breaking quarter with $88 million in SBA 504 Loans.

A Record-Breaking Quarter

We just had our best quarter ever. Technically. You see, 2012 was a year for the record books, but with an asterisk. That’s when the SBA 504 refinance program was in effect (the first go ‘round), and the number of refi loans we were able to do really goosed our lending totals that year. So not counting 2012, Q1 2016 saw us reach our highest loan volume total in the history of Mercantile: more than $88 million in total project costs.

Thank You and Thank You

We may not say it as often as we should, but we think it all the time and we know it’s the truth: it wouldn’t be possible for us to help very many small business owners without the help of our network of referral partners.

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Smarter Construction Loans

Smarter Construction Loans by the SBA 504 Loan Experts

Fact: Half our business this year will be SBA 504 construction loans.

It can be difficult to get construction financing, but we’re here to help. Since 2013, construction projects have accounted for about 60 percent of our overall loan volume, and all signs point to the trend continuing. We’re able to do construction loans when other lenders would rather not because of four basic reasons: ability, experience, longevity, and geography (we cover all 50 states, and then some). You can read more about why many consider us the SBA 504 construction loan experts on our website here.

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2015 By the Numbers

2015 by the numbers

Even though we’re more than halfway through January, we’d still like to wish you a Happy New Year! We’re sure 2016 is going to be a great year for SBA 504 lending, but before we talk about what’s to come, let’s see where we’ve been…

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Green But Not Grinchy

The environmentally- friendly story behind being able to do multiple SBA 504 Loans

We told you in a previous message that we closed a loan in September for XL Sports World. In fact, depending on how long you’ve been getting messages from us, we’ve told you that several different times. The loan we closed for XL in this year was their fourth SBA 504 loan with us. If you know anything about the 504 program, you may think this a little strange. And if you don’t know much about the 504 program, take it from us that this four loans thing is a little strange. But there’s an environmentally-friendly story behind the business and the loans we’d like to share with you.

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600 loans and counting…

Mercantile Capital Corporation has closed 600 loans in its history.

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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