THE OFFICIAL BLOG of the SBA 504 EXPERTS

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Commercial Finance Update – November 2014

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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IBERIABANK Agrees to Acquire…

IBERIABANK Agrees to Acquire Old Florida Bank and Mercantile Capital Corporation

You may have read this morning that IBERIABANK Corporation (IBKC) has agreed to acquire Old Florida Bancshares (our parent company since 2010). As a wholly-owned subsidiary of Old Florida, we’ll become part of IBKC when the deal closes sometime in early 2015. We want you to hear from us that we’re excited about this new development for a couple reasons:

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Commercial Finance Update: October 2014

Commercial Finance Update: October 2014

Happy New Year! (In October?)

The SBA’s fiscal year began on October 1st, so SBA lenders nationwide are working on their resolutions. Probably lots of the usual stuff: eat better, quit smoking, join a gym, do more loans, etc. We’re not big on new year’s resolutions, so we’ll just keep helping small business owners. Business as usual. We’ll probably take a break to do some Halloweening later this month, but that won’t deter us from providing the best commercial real estate financing experience for small business owners nationwide.

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Apple Ruined Our Smartphone App *UPDATED*

iOS8 - The Ocho

Every time Apple releases an iOS update, we have to scramble to fix whatever problems it causes with our iPhone app. Sometimes the problems are minimal, but sometimes the app is rendered unusable. The process is compounded because we didn’t develop the app in-house and we don’t have any mobile developer types on staff who can troubleshoot and fix even minor issues.

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