504 Loan Blog: Curated by Mercantile Capital Corporation

  • more-shares
    • Save on Delicious
SmartChoice Commercial Loan Calculator: iOS7 Update
  • Thursday, December 19th, 2013 at 12:13 pm
  • 0 Comments

iOS 7 Update...

When we launched our first smartphone app last year, we got a lot of great feedback. Our design team did a wonderful job building our SmartChoice Commercial Loan Calculator, and the result was a helpful tool for small business owners and their advisors (commercial real estate brokers, commercial mortgage brokers, etc.). With just a couple pieces of information and a few taps on your phone, anyone could get real-time interest rate quotes along with estimates of the down payment and monthly payments required for any given small business commercial real estate project (acquisition or construction). Our app even lets you compare our smarter financing to ordinary bank financing so you can see for yourself which is the best option for you.

Read More »

  • more-shares
    • Save on Delicious
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 Geof Longstaff and his partners started this company, they got a lot of funny looks from others who thought they were crazy to put all their eggs in one basket. That metaphorical basket was (and is) the SBA 504 loan program. Geof became convinced that this particular loan was too important for small business owners to be as underutilized as it was. He believed that if Mercantile made it its sole focus and provided a great experience for its small business clients (and did a good job of marketing it), it would ultimately be successful.

Read More »

  • more-shares
    • Save on Delicious
JFK’s Turkey…
  • Wednesday, November 27th, 2013 at 12:08 pm
  • 1 Comment

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.

Read More »

  • more-shares
    • Save on Delicious
Small Business Commercial Finance Update for November
  • Monday, November 18th, 2013 at 1:32 pm
  • 0 Comments

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:

Read More »

  • more-shares
    • Save on Delicious
Veterans and Small Businesses and Jobs…
  • Friday, November 15th, 2013 at 3:48 pm
  • 3 Comments

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.

Read More »