504 Loan Blog: Curated by Mercantile Capital Corporation

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Big News: Announcing Small Business Loan Secondary Market Growth…
  • Thursday, October 31st, 2013 at 3:37 pm
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 Secondary Market Growth for Small Business Loans

You may have noticed that the frequency of blogs and emails from me took a dip in the middle part of this year. It’s not because we got lazy — far from it. We’ve been hard at work for our small business clients (as usual) but we’ve also been working on several partnerships that will grow the secondary market for SBA 504 first mortgages. What does this mean for you and/or the small business owners you work with? Here’s the press release we launched just a few minutes ago which details some specifics of our agreement and the impact this will have on America’s small business lending (and our overall economy)…

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Small Business Loans: The REAL Effect of the Government Shutdown…
  • Thursday, October 17th, 2013 at 3:12 pm
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The Real Effect of the Government Shutdown...

The government shutdown — the thing that has commandeered news headlines for the past three weeks — finally came to an end last night after 16 frustrating days. Our elected officials in Congress have kicked the can far enough down the road that we can avoid widespread panic for the time being, but the damage has already been done.

According to some estimates, small business owners lost out on $100 million per day in SBA loans because of the shutdown. In reality, this number is a little high, but it makes the point: there are many business owners who are now in dire straits because their loans weren’t funded sometime in the past 16 days. Others will be forced to accept higher interest rates (an inevitable outcome of all this hoopla) after sitting on their hands watching the circus in our nation’s Capital.

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Capacity | The Five Cs of Small Business Real Estate Financing…
  • Friday, October 11th, 2013 at 8:45 am
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Capacity | The Five Cs of Credit

Here’s the second in my series of videos about The Five Cs of Credit. This week we’re talking about Capacity, and I’m going to give a simple explanation of what that means from a commercial lender’s perspective. Not only that, but one of our clients had an appearance on Modern Family (one of the better shows on network TV these days, in my opinion).

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Creepy Small Business Finance Update for Octoberween…
  • Wednesday, October 9th, 2013 at 5:10 pm
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Creepy Commercial Finance Update

It’s October, and I’ve got Halloween on the brain. Several years ago, my family started the tradition of sending Halloween cards. We pick a theme, have professional photos taken, and get ahead of the holiday card rush. Last year, we did an Alice in Wonderland theme. The Addams Family was another of my favorites. I could go on about this but know you’re busy, so I’ll get to the point: I have a lot of fun at home and at the office around Halloween.

Even our Commercial Finance Update has taken a turn for the creepy this month. As usual, you’ll find up-to-date information about our below-market interest rates and you can read about a project we worked on for one of our clients (this one is in Sebastian, FL), but there

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Character | The Five Cs of Small Business Real Estate Financing…
  • Friday, September 27th, 2013 at 11:28 am
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The Five Cs of Credit: Character

From time to time, I think it’s helpful to go over the basics of what we do here at Mercantile Capital Corporation. Small business owners and their advisors choose to work with us because we make the process of purchasing commercial real estate simple. I’m not saying that commercial real estate financing is a simple process, but we do the heavy lifting and sausage-making (so to speak) so that our clients can focus on other important things (like running their businesses).

Earlier this month, I spoke at the Annual Conference of the America’s Small Business Development Center network (ASBDC). I was part of a panel of industry experts tasked with addressing the latest opportunities and challenges facing small business owners. My friend, Bob Coleman, moderated the panel, and afterward we talked a bit about one of the Five Cs of Credit: Character.

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