504 Loan Blog: Curated by Mercantile Capital Corporation

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Success: Ignoring the Critics

Ignoring the Critics | beats

There’s a good chance that you or someone you know has bought into the hype surrounding Beats headphones. If not an actual set of headphones, you can probably find a product with Beats audio integrated somewhere close by. Believe it or not, Beats now owns about 70% of the headphones market, and Burt Helm from Inc. magazine recently sat down with the company’s founders to talk about the secrets to their success.

As always, we read articles like this to see if there are any nuggets of wisdom we can apply to our business and share with other small business owners. (Plus we love technology and music.) Beats was cofounded by Interscope records mogul Jimmy Iovine and hip-hop icon Dr. Dre, each of whom possess a certain level of fame and recognition that most small business owners only dream of. This company started from a pretty different place than most of ours. Nevertheless, they’ve had to overcome significant hurdles.

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The Future of Facebook

The Future of Facebook

Right now, more than 1.2 billion people use Facebook worldwide. As usual, Mark Zuckerberg is setting lofty goals for the company and its technology. Mobile is a big deal. Virtual reality will be a big deal (says Zuckerberg). Working with developers to create cross-platform apps is a big focus, and making Facebook more stable so it can handle and promote increased development is a necessity. Zuckerberg talks in-depth about the future of Facebook in a recent article on WIRED.com, and it’s sort of hard to imagine what any of it means for ordinary users and small businesses.

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$51.6 Million for Small Businesses During First Quarter

MCC Q1 Press Release

I’m happy to report that the outlook for America’s small business owners continues to brighten. We still have a long way to go to help small businesses grow and create jobs, but we’re seeing more confidence from our primary job creators in small (and important) increments. In January we announced that our 2013 loan volume topped our 10-year average by 77.3%. Through the first quarter of 2014, we’re 2.3% ahead of our 2013 pace. A couple things contribute to this uptick.

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Guest Blog: Open Letter to Senator Jeff Sessions (R-AL)
  • Wednesday, April 16th, 2014 at 1:19 pm
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Guest Blog: An Open Letter to Senator Jeff Sessions

Charles H. Green, Managing Director of the Small Business Finance Institute and regular contributor to the Coleman Report, has penned an open letter in response to comments from Jeff Sessions, Republican Senator from Alabama, that appeared in a Bloomberg BusinessWeek article yesterday. I happen to think Charles’s stance is right on the money and I’ve received his permission to feature his letter here as a guest blog (our first ever, I might add). After you read what he has to say and the article from Bloomberg BusinessWeek (here), I’d really like to know your thoughts. Leave a comment below or email me at ChrisHurn@MercantileCC.com. Here’s the open letter:

Dear Senator,

Why are you investing the prestige of your office and the popular support from your home state to wage a war of misconstrued facts on the U.S. Small Business Administration?

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Small Business Commercial Finance Update for April 2014

April 2014 | Commercial Finance Update

I haven’t posted an update like this in a couple months because we’ve been so busy closing commercial loans like the one you’ll read about in this April 2014 Commercial Finance Update. It was a $12 million project to fund the purchase of a 428,867 square foot industrial facility in Bensalem, Pennsylvania, and our client only had to put down 10% of the total project cost (keep reading for more details). Also, the 20-year fixed rate on our loan program has dropped to 5.18%, and you’ll see what that means in terms of monthly payments in the Structure & Rate section. Without any further ado, here’s this month’s update (click the image to view a printable PDF):

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