504 Loan Blog: Curated by Mercantile Capital Corporation
We issued a press release this morning about some very big news for us. I think you’ll find it interesting, so I decided to post it here for you to read. It may raise some questions, so please leave a comment below. I’ll probably post another message tomorrow about the news below, so let me Read More »
Last week, I reported that the conditions for owning commercial property just keep getting better. The 20-year fixed interest rate on SBA 504 loan projects has fallen to 4.93% – – the second-lowest monthly rate in the 24-year history of the program. Put that together with decreased commercial property values and all the inherent benefits Read More »
Things are indeed getting better for owners of small and mid-sized businesses. We’re still keeping tabs on HR 5297, because the Senate’s actions will have big implications for business owners, but there’s other good news that I need to tell you about. The 20-year fixed interest rate on SBA 504 loan projects has fallen below Read More »
As you know, I’ve been sending emails and making phone calls over the last several days to drum up support for HR 5297, the small business bill the Senate has been debating for a week now. A friend sent me a message asking some questions that you may also have, so I thought I’d respond Read More »
I’m traveling to Connecticut today on business, so I had to compose this message between flights, in airports and on planes. I’ve frustrated a few flight attendants because I just HAD to finish a thought before shutting off my laptop for takeoff. I would have posted this sooner, but I wasn’t lucky enough to get Read More »
We distributed the following press release yesterday, and I thought you’d find it interesting. Despite all the continued negative talk about the economy and a “double-dip” recession, we at Mercantile are going gangbusters. The fact is that RIGHT NOW is a GREAT time to buy commercial property, and entrepreneurs everywhere are realizing it — so Read More »
I tell people all the time that the SBA 504 loan is the “best-kept secret” in commercial real estate financing for a myriad of reasons. But I know not everyone believes me wholeheartedly. To this day, the SBA 504 loan is still considered a second-tier or third-tier financing option by many people, and often it’s Read More »
In today’s edition of The Wall Street Journal, there is an article titled “A Plea for Direct Lending to Small Businesses” which you can read in full by going here. The article focuses on the two sides of the debate on proposed legislation that calls for the SBA to help business owners find willing lenders Read More »
I flew into New York City early yesterday afternoon and met with Marshall Eckblad, the national banking reporter for Dow Jones (owners of the Wall Street Journal, Barron’s, SmartMoney, and others). And after getting his personal tour of the Dow Jones offices (including seeing the wall of Pulitzer Prizes and “The Hub,” where reporters from Read More »
In case you missed it (and there’s a good chance you did), I was on FOX Business News late Friday afternoon. I found out that I would be on FOX’s Happy Hour show earlier that same day, while I was out of the office at a day-long meeting, so I didn’t have much time to Read More »
Read more about smarter commercial property financing for small businesses.
504 Basics
