504 Loan Blog: Curated by Mercantile Capital Corporation

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The Five Cs…and a Moustache…
  • Friday, November 22nd, 2013 at 12:28 pm
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The Five Cs of Small Business Commercial Real Estate Finance and Movember

If you’ve been keeping up with my “Five Cs” series, you’ll know there are three left that I haven’t covered (Character and Capacity are already here on the blog somewhere). I got ambitious the other day and decided to knock out the other three — Collateral, Credit Analysis, and Conditions — all at once. In today’s video blog, I deliver a description of each of these last three Cs plus a wrap-up of all five (in order of importance)…and I do it all while wearing a moustache.

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Small Business Commercial Finance Update for November
  • Monday, November 18th, 2013 at 1:32 pm
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Commercial Finance Update - November 2013

November is a really “thankful” kind of month. We just celebrated Veterans Day (accompanied by ongoing veteran-related news from Washington) and Thanksgiving is right around the corner. I’m truly thankful for you and others who read this blog. We at Mercantile Capital Corporation work hard to stay at the forefront of smarter commercial real estate financing, and I have a venue here to share industry-related news in a more “personable” way (at least, I hope it comes off that way).

To help you be prepared when talking with your small business clients (or even if you’re a small business owner yourself), here’s our November Commercial Finance Update. Our featured project is the purchase of an 81,646 office/warehouse in Simi Valley, and our current rates are explained (20-year fixed rate remains at 5.45%). Click the image below to view the document, which you can print and save for future reference:

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Veterans and Small Businesses and Jobs…
  • Friday, November 15th, 2013 at 3:48 pm
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Veterans and Small Businesses and Jobs

There’s been a lot of talk about veterans lately. The SBA dubbed last week Veterans Small Business Week when it announced that it will waive some of its borrower fees for veterans in the coming year. And First Lady Michelle Obama was here in Orlando yesterday to encourage businesses big and small to hire veterans; to help them establish careers outside the military when their service ends.

I never served in the military, but I have the utmost respect for those who give their time, effort, resources, and lives to defend our country and the freedoms we enjoy. These men and women, no doubt, have skills, abilities, and attributes (leadership, discipline, loyalty, etc.) that are valuable in any business. I agree with Mrs. Obama that they deserve the chance at a career when they return from Iraq or Afghanistan or wherever they may have been deployed.

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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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