504 Loan Blog: Curated by Mercantile Capital Corporation

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Beginning Again
  • Friday, January 23rd, 2015 at 2:25 pm
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Beginning Again - 2015

Even though January’s almost over already, we still want to wish you a Happy New Year! Time flies when you’re having fun and/or working like crazy on small business commercial real estate loans, and that’s exactly what we’ve been doing. Both things — getting SBA 504 loans closed and having plenty of fun in the process. More on that in a minute. We’ve also been busy getting things ready for our pending merger with IBERIABANK. So far, any changes coming down the pike only look to be positive. We’ll have more resources at our disposal and being part of a larger, publicly-traded (and pretty darn successful) bank will only increase the opportunities for us to work with more small business owners nationwide. We’re excited to join the IBERIABANK family and we’ve enjoyed getting to know the people who make the organization work so well.

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Our Last Blog Post…
  • Tuesday, December 23rd, 2014 at 10:30 am
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Merry Christmas 2014

In all likelihood, this is our last blog post until next year. The holidays are upon us and 2015 is coming quick, whether we like it or not. You should be spending time with friends and family, and wrapping up the year properly…not reading blogs from us about commercial real estate financing. That’s not to say we’re closing up shop until next year. No way. We’re still working on getting SBA 504 loans approved, closed, and funded. We’re still here to help answer any questions you have about smarter commercial real estate financing, 504 loans, commercial construction, or anything else. Make a note, however, that our offices will be closed on December 25-26 and January 1-2.

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Construction 101: New Construction vs. Renovations
  • Wednesday, November 26th, 2014 at 12:52 pm
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Construction 101: New Construction vs. Renovations

For some businesses, simply purchasing a commercial building and just moving in works alright. Others, however, may have specific requirements for the spaces they occupy. Maybe there’s custom equipment, or a certain layout that gives a competitive advantage. When business owners want to customize their commercial facilities, there are two basic options: building something new (ground-up construction) or renovate an existing property. There are pros and cons to both, and we’re good at both because every SBA 504 project we work on is different. Here’s Shannon to explain a bit:

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Commercial Finance Update – November 2014
  • Friday, November 14th, 2014 at 2:33 pm
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November-Commercial-Finance-Update

Giving Thanks (and eating a bunch of food)

Thank You. We say it all the time, and we mean it. We can’t do what we do without the help and good work of others. When real estate brokers, mortgage brokers, other lenders, and past clients refer new clients to us, we’re thankful. When a small business owner chooses us to finance one of the biggest purchases he or she will ever make, we’re thankful. When the other parties involved in our projects work hard to meet deadlines and track down documents and keep the ball rolling, we’re thankful. We get to work with some amazing people every day and we’re very grateful. This is a time of year when it’s okay to be sappy about things like this, but these are things we think and feel and [try to] express every day. And then there’s the food. Rest assured we’ll have a Mercantile Thanksgiving Feast sometime soon. We’re big on sitting down as a family and getting our eat on. It ranks right up there with helping our clients and getting SBA 504 loans to the closing table.

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We do a lot of construction loans…

Construction Financing for Small Businesses

We’ve seen something of a small business construction boom in terms of our loan production in the last few years. Because we have so many construction projects under our collective belt, we think maybe we can say that we’re small business construction loan experts. It’s a very subjective judgement on our part, but we would never say something like that without having some evidence to back it up. Shannon Marks, our President and COO, has graciously answered a few questions about Mercantile’s collective experience in construction financing. Take a look…

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