504 Loan Blog: Curated by Mercantile Capital Corporation

504 Loan Blog

Small Business Week 2013

This being National Small Business Week, there’s a lot of buzz coming from politicians about the importance of small businesses and the people who dare to create them. I came across an article written by Dan Danner, President and CEO of the National Federation of Independent Businesses (NFIB), of which Mercantile is a member. In 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 »

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 »

Video of My Recent Senate Testimony…

It took a little longer than expected, but we finally have the video of my testimony before the Senate Committee on Small Business and Entrepreneurship on March 29th. Believe it or not, I’ve taken a lot of heat for what I said at this Senate Hearing two weeks ago. Some of my comments have been Read More »