504 Loan Blog: Curated by Mercantile Capital Corporation

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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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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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