504 Loan Blog: Curated by Mercantile Capital Corporation

504 Loan Blog

SBA 504 Refi Redux

Since the beginning of the year, I’ve been saying that we’re going to see a decrease in small business loans this year, likely in the 20 to 30 percent range. The primary reason for my gloomy outlook is that both the SBA 504 Refinance and FMLP programs expired last September. In my video blog on Read More »

The SBA Proposes Four Changes to the 504 Loan Program…

I’ve been on record saying that the SBA will likely see a 20 to 30 percent decrease in 504 loan volume in fiscal year 2013. Despite the fact that the SBA is coming off back-to-back record-breaking years, I expect this drop-off in 504 loans due in large part to the 504 refinance and secondary market 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 »

This Morning On Varney & Co.

Well, it turns out that Stuart Varney stood me up this morning in retaliation to me snubbing him at his Super Bowl party last week. Instead, I had the great pleasure of talking with Charlie Payne and Liz MacDonald about a tepid economy as the “new normal” and the idea that real estate (commercial real 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 »