504 Loan Blog: Curated by Mercantile Capital Corporation

504 Loan Blog

How to Use the Federal Bailout to Fund SBA Programs
  • Friday, December 5th, 2008 at 2:22 pm
  • 3 Comments

Further thoughts from Chris Hurn, CEO, Mercantile Commercial Capital: Use the federal bailout funds to invest in the SBA secondary market – Most SBA lenders sell their loans to major institutional investors, but this secondary market for these loans has been hit hard by the lagging economy. With just one percent of the $700 billion Read More »

SBA Loan Programs: Is the SBA Competing Against Itself?
  • Thursday, December 4th, 2008 at 9:09 am
  • 4 Comments

What can be done to handle the economic problems that we are facing now? Chris Hurn, CEO of Mercantile Commercial Capital makes these comments about the current SBA Loan situation against the backdrop of the proposed bailout package. Eliminate the competition between the SBA’s largest two loan programs – For decades, borrowers have been steered Read More »

A Plan for Fixing the SBA Loan Programs
  • Tuesday, December 2nd, 2008 at 3:24 pm
  • 2 Comments

The Bailout has been passed and more funds are being requested now for the automotive industry. But what about small to mid-sized businesses? Here’s a suggestion from Chris Hurn, CEO of Mercantile Commercial Capital. Revamp the SBA’s outreach efforts from top to bottom – The SBA should be headed by an administrator who has real Read More »

Is the Federal Bailout Package a Mistake? SBA Expert Speaks
  • Monday, December 1st, 2008 at 1:55 pm
  • 1 Comment

What are the best ways to use the bailout money? In terms of small to mid-sized business, the SBA offers viable solutions. Did you know that the federal bailout package is authorized by the United States Department of the Treasury and is called the Trouble Asset Relief Program or TARP for short? Here’s a suggestion Read More »

Who will be on your side this Thanksgiving?
  • Wednesday, November 26th, 2008 at 2:53 pm
  • 9 Comments

I received an appalling phone call yesterday that you need to read about here. Since the Financial and Economic Crisis began in earnest several months ago, I’ve been getting more and more requests for appointments with small business lenders. Specifically, I’ve been getting resumes and job requests from SBA business development officers (BDO’s) and bank Read More »