Things are indeed getting better for owners of small and mid-sized businesses. We’re still keeping tabs on HR 5297, because the Senate’s actions will have big implications for business owners, but there’s other good news that I need to tell you about.
The 20-year fixed interest rate on SBA 504 loan projects has fallen below 5% for the second time in history! With the August full-term effective rate at 4.93%, purchasing commercial property is a no-brainer for smart business owners who are ready to make the move from renting to owning. Seriously, by putting as little as 10% down, getting longer terms, and interest rates under 5%, you couldn’t dream up a better deal.
If you or someone you know has had trouble with other lenders, call me at 1-866-622-4504 begin_of_the_skype_highlighting 1-866-622-4504 end_of_the_skype_highlighting or email me at ChrisHurn@MercantileCC.com today. We’re still having a record year, closing loans for brilliant entrepreneurs right-and-left. We also just passed a HUGE milestone for our humble company: we’ve now financed over $500 million in total project costs since May of 2003. That’s more than half a billion dollars for nearly 300 well-deserving business owners, and we don’t plan on slowing down anytime soon.
Let me know how we can help you or someone you know, and be sure to leave a comment below to show your support for America’s small businesses.
Dedicated to Your Continued Success,