504 Loan Blog: Curated by Mercantile Capital Corporation

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Bigger SBA 504 Loans, Greater Small Business Confidence
  • Monday, July 21st, 2014 at 4:49 pm
  • 1 Comment

Bigger SBA 504 Loans, Greater Small Business Confidence

Last week we released our official lending figures for the first six months of 2014. Our performance has been decently strong so far, but no record-breaking pace to report this time. Our loan closing numbers have been steady, and we’ve worked hard to provide our small business clients with the best financing and best service possible, but the bigger story is the size of the loans we’re closing these days.

(You may be thinking, “It’s not the size of the loan that matters…” But, well, it kind of does.)

[Go here to read our official mid-year press release for 2014.]

After doing some number crunching, we found that our historical average total project cost (over the past 12 years) is about $2.5 million. This year, so far, our per-loan average total project cost is approximately $4.0 million. From 2011 to 2102, that average jumped from $3.06 million to $4.37 million, and from 2012 to now we’re averaging a little more than $4.5 million per loan.

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Commercial Finance Update: World Cup Edition

Commercial Finance Update - World Cup Edition

GOAL! (and other soccer words)

It’s World Cup time, which means most of the world is watching soccer with an even greater interest than usual. We, too, have World Cup Fever, but we would never let it get in the way of your commercial real estate financing needs. However, if you do happen to call during a USA match, you’ll probably have to leave a message. Just fair warning. With that lone World Cup caveat, here’s the latest news about smarter small business commercial real estate financing…

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Commercial Finance Update: May 2014

Commercial Finance Update: May 2014

New and Improved!

Since so many of us read emails on our mobile devices these days, we’re trying something new with our May 2014 edition of our Commercial Finance Update. We’ve revamped the format in order to deliver both mobile-friendly and printer-friendly editions of our monthly update. If you didn’t get our mobile version, you can view it here. The printer-friendly version is available for download below. Just click the image to open the PDF file in a new window, then you can print and/or save the file for future reference.

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Success: Ignoring the Critics

Ignoring the Critics | beats

There’s a good chance that you or someone you know has bought into the hype surrounding Beats headphones. If not an actual set of headphones, you can probably find a product with Beats audio integrated somewhere close by. Believe it or not, Beats now owns about 70% of the headphones market, and Burt Helm from Inc. magazine recently sat down with the company’s founders to talk about the secrets to their success.

As always, we read articles like this to see if there are any nuggets of wisdom we can apply to our business and share with other small business owners. (Plus we love technology and music.) Beats was cofounded by Interscope records mogul Jimmy Iovine and hip-hop icon Dr. Dre, each of whom possess a certain level of fame and recognition that most small business owners only dream of. This company started from a pretty different place than most of ours. Nevertheless, they’ve had to overcome significant hurdles.

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The Future of Facebook

The Future of Facebook

Right now, more than 1.2 billion people use Facebook worldwide. As usual, Mark Zuckerberg is setting lofty goals for the company and its technology. Mobile is a big deal. Virtual reality will be a big deal (says Zuckerberg). Working with developers to create cross-platform apps is a big focus, and making Facebook more stable so it can handle and promote increased development is a necessity. Zuckerberg talks in-depth about the future of Facebook in a recent article on WIRED.com, and it’s sort of hard to imagine what any of it means for ordinary users and small businesses.

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