The Official Blog of the SBA 504 Experts

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Mashup Marketing: The Peace Day Burger

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Have you heard about the Peace Day Burger?

Burger King, in an open letter and in celebration of The International Day of Peace (September 21), proposed a ceasefire to the ongoing burger war it has waged with McDonald’s. The Peace Day Burger would “blend the best bits of the Whopper and Big Mac” to create the “McWhopper.” The letter ran in full-page ads in The New York Times and Chicago Tribune, and Burger King even built a website and posted YouTube videos explaining the logic and potential assembly of this mashup burger. 

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When Speed is Critical, They Call Mercantile

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Back in June, we closed an SBA 504 loan in four days. Read that again: we closed a loan in four days. This particular loan was for the acquisition of an industrial facility totaling 177,749 SF for a manufacturer called Dynamic Integrated Solutions in San Jose, CA. The total project cost was $16.6 million and we provided the $5.355 million interim second mortgage. This project allows Dynamic Integrated Solutions to expand their assembly integration, improve efficiency by streamlining equipment, and take on more complex projects. This project also allows us to tell you that it’s possible to close an SBA 504 loan in just four days.

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Smarter commercial real estate financing for small business owners

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Who we are:

Since 2003, we’ve closed 569 SBA 504 loans worth more than $1.624 billion.

We’re nationwide, with closings in 40 of the 50 states as well as Puerto Rico and the District of Columbia.

Construction projects account for about half of our business, and we’ve built an exceptional construction administration team.

We’ve been on both sides of the commercial development process. Believe us when we say we’ve walked a mile in our borrowers’ shoes.

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Our loan volume is the largest it’s ever been

Mercantile Capital Corporation has loans on its books worth over $82 million.

In the past we’ve always reported on the number of loans we’ve closed and the total project costs we’ve financed. But today we want to let you know about a metric we haven’t publicized before, and how it confirms our place as a meaningful contributor to the 504 industry.

As of the end of the second quarter, we have 56 active loans on our books worth just over $82 million. That means we have 56 transactions on our books in different stages of the 504 loan process. Not only is this the largest this number has ever been, it also represents a tremendous growth in our loan volume.

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Can Any Lender Do a 504 Loan?

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Here’s the truth about SBA 504 loans: any lender can do one.

There’s nothing magical or mystical about it; no special club we belong to that enables us to provide 504 loans. But before you run out and grab the first banker you see and demand a 504 loan, a word of caution: there’s a difference between can and should.

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