THE OFFICIAL BLOG of the SBA 504 EXPERTS

  • more-shares
    • Save on Delicious
SBA 504 Loans At Your Fingertips

504touch

We’re thrilled to announce something HUGE today. Ever since the first iPhone was released, we’ve wanted to make use of touchscreen technology in the small business lending industry. With the recent proliferation of biometric technology and the opportunity to work with the NSA (can’t divulge many details), we’ve been able to develop a loan application that requires only a thumbprint.

The following press release is being distributed with all the details, and you can experience it for yourself at www.504touch.com

Read More »

  • more-shares
    • Save on Delicious
2013 By the Numbers

2013 in Review | Mercantile Capital Corporation

We’ll be perfectly honest with you: last year was full of uncertainty, surprises, frustrations, victories, and defeats. We knew at the outset that 2013 would be a rather “interesting” year for Mercantile and the SBA 504 lending industry in general. There was good news and bad news regarding supply and demand. More business owners sought SBA financing, but the expiration of the 504 refinance program left a gaping hole in the range of services we could provide for them. We predicted that SBA 504 loan volume would be down by 30% industry-wide, and were nearly right — we read just the other day that it was a full 40% decrease.

Read More »

  • more-shares
    • Save on Delicious
SmartChoice Commercial Loan Calculator: iOS7 Update

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…

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 »