504 Loan Blog: Curated by Mercantile Capital Corporation

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Our 504th SBA 504 Loan…

Mercantile Capital Corporation closes its 504th SBA 504 loan

It’s been 10 years since Mercantile Capital Corporation was founded. When my business partner, Geof Longstaff, and I started this company, we got a lot of funny looks from others who thought we were crazy to put all our eggs in one basket. That metaphorical basket was (and is) the SBA 504 loan program. Geof and I became convinced that this particular loan was too important for small business owners to be as underutilized as it was. We believed that if we made it our sole focus and provided a great experience for our small business clients (and did a good job of marketing ourselves and the program), we would ultimately be successful.

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JFK’s Turkey…
  • Wednesday, November 27th, 2013 at 12:08 pm
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JFK's Turkey

In case you’ve been living under a rock for the past month, last Friday marked the 50th anniversary of the assassination of President John F. Kennedy. It was an event that left an indelible mark on a generation of Americans, and I know there are many who are still fascinated by talk of conspiracy theories and cover-ups. Between you and me, I can only take so much conjecture about grassy knolls, book depositories, and multiple gunmen. Mercifully, this isn’t why I’m bringing up our 35th President — I actually have a Thanksgiving-related reason.

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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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