504 Loan Blog: Curated by Mercantile Capital Corporation

  • more-shares
    • Save on Delicious
Guest Blog: Open Letter to Senator Jeff Sessions (R-AL)
  • Wednesday, April 16th, 2014 at 1:19 pm
  • 0 Comments

Guest Blog: An Open Letter to Senator Jeff Sessions

Charles H. Green, Managing Director of the Small Business Finance Institute and regular contributor to the Coleman Report, has penned an open letter in response to comments from Jeff Sessions, Republican Senator from Alabama, that appeared in a Bloomberg BusinessWeek article yesterday. I happen to think Charles’s stance is right on the money and I’ve received his permission to feature his letter here as a guest blog (our first ever, I might add). After you read what he has to say and the article from Bloomberg BusinessWeek (here), I’d really like to know your thoughts. Leave a comment below or email me at ChrisHurn@MercantileCC.com. Here’s the open letter:

Dear Senator,

Why are you investing the prestige of your office and the popular support from your home state to wage a war of misconstrued facts on the U.S. Small Business Administration?

Read More »

  • more-shares
    • Save on Delicious
Small Business Commercial Finance Update for April 2014

April 2014 | Commercial Finance Update

I haven’t posted an update like this in a couple months because we’ve been so busy closing commercial loans like the one you’ll read about in this April 2014 Commercial Finance Update. It was a $12 million project to fund the purchase of a 428,867 square foot industrial facility in Bensalem, Pennsylvania, and our client only had to put down 10% of the total project cost (keep reading for more details). Also, the 20-year fixed rate on our loan program has dropped to 5.18%, and you’ll see what that means in terms of monthly payments in the Structure & Rate section. Without any further ado, here’s this month’s update (click the image to view a printable PDF):

Read More »

  • more-shares
    • Save on Delicious
SBA 504 Loans At Your Fingertips
  • Tuesday, April 1st, 2014 at 8:44 am
  • 1 Comment

504touch

We’re thrilled to announce something HUGE today. Ever since I got my first iPhone, I’ve wanted to make use of touchscreen technology in the small business lending industry. With the recent proliferation of biometric technology and the opportunity to work with the NSA (can’t divulge many details), we’ve been able to develop a loan application that requires only a thumbprint.

The following press release is being distributed with all the details, and you can experience it for yourself at www.504touch.com

Read More »

  • more-shares
    • Save on Delicious
An Open Letter to Maria Contreras-Sweet
  • Friday, January 24th, 2014 at 12:12 pm
  • 8 Comments

An Open Letter to Maria-Contreras-Sweet

Last July, speculation swirled about who the next SBA Administrator might be. It had been five months since Karen Mills announced that she would step down, and we were all starting to wonder about the future of the post and the agency. I joined the conversation, though not to guess who the nominee might be — instead I put forth a list of qualities the next SBA Administrator should possess and embody. Now that President Obama has nominated Maria Contreras-Sweet, I have a few suggestions for her to consider.

Read More »

  • more-shares
    • Save on Delicious
2013 By the Numbers
  • Monday, January 20th, 2014 at 9:09 am
  • 2 Comments

2013 in Review | Mercantile Capital Corporation

I’ll be perfectly honest with you: last year was full of uncertainty, surprises, frustrations, victories, and defeats. I knew at the outset that 2013 would be a rather “interesting” year for Mercantile and the SBA 504 lending industry in general. There was good news and bad news regarding supply and demand. More business owners sought SBA financing, but the expiration of the 504 refinance program left a gaping hole in the range of services we could provide for them. I predicted that SBA 504 loan volume would be down by 30% industry-wide, and I was nearly right — I read just the other day that it was a full 40% decrease.

Read More »