504 Loan Blog

How well do you know The Masters?
  • Wednesday, April 10th, 2013 at 12:05 pm

Some of us here at Mercantile are pretty avid golf fans (yours truly included…and let me emphasize that I’m a fan…I wouldn’t call myself an avid golfer). The Masters golf tournament is this weekend, and I can’t wait to see what happens this year at Augusta National. Tony and Sean, two of our Senior Loan Read More »

Foolin’ Around with the Un-Bankers…
  • Thursday, March 28th, 2013 at 11:01 am

April Fools’ Day is usually a pretty interesting day around Mercantile Headquarters. Robin is our chief prankster, and she’s gotten some of us pretty good over the years. There was the time she told me Jorge Bouche called from 202-456-1111 and asked that I call him back. Turns out that’s the White House phone number, Read More »

Good News/Bad News for Small Business Lending in 2013…

The last two years have seen record-shattering levels of government-guaranteed lending, which includes the SBA 504 loan program (aka the SmartChoice® Commercial Loan). In terms of loan volume, 2011 and 2012 were the biggest and second biggest years (respectively) in the history of the SBA. Since the SBA has done the lion’s share of small Read More »

Small Business Lending: 2012 Year In Review…

Well, it’s taken me 17 days to get my act together and update you on how Mercantile did in 2012, but the numbers are finally in. We said all along that last year was going to be a record-shattering one for us, and we were proven right. Between January 1st and December 31st of 2012, Read More »

Shattering records like The Avengers…sort of…

Just like The Avengers, which broke the all-time record this year for an opening weekend (making $207.4 million at the box office), this has been a record-smashing year for Mercantile Capital Corporation so far. In just the first six months of 2012, we’ve closed one more loan than we did in all of 2011 (which Read More »