Guaranteed, 24 hours or less, 39-step Pre-Approval Letter Process™
MCC's 24 Hour Pre-Approval Process for SBA 504 Loans (aka The SmartChoice Commercial Loan)
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 Click play to watch Chris discuss the 39 step pre-approval process that involves only providing 7 documents. |
Thank you for your interest in our SmartChoice Commercial Loan Program. At Mercantile Capital Corporation, we understand that for small business owners especially, time is a valuable and often scare commodity. As small business owners ourselves, we have these same constraints. We believe this loan program is the Best financing vehicle available to small and mid-sized companies wanting to own their commercial real estate. Our goal is to make this loan application process a quick and efficient one.
Therefore, we have created a Pre-Approval checklist to accommodate the hectic schedules of our clients. Once you have completed this application, we will issue a Pre- Approval Letter to you within 24 hours, assuming qualification. Remember that, we will eventually need a complete application with additional documents to enable us to turn your preliminary approval letter into a firm commitment letter.
Here’s the checklist for our 24-hour Pre-Approval Application:
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The Authorization to Release Credit Information Form(s) for all principals (Principals are any proprietors, partners and stockholders owning 20% or more of voting stock and all guarantors). |
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Personal Financial Statement(s) for all principals (Principals are any proprietors, partners and stockholders owning 20% or more of voting stock and all guarantors). |
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The last three years of complete personal income tax returns for all principals. |
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The last three years of complete corporate tax returns for the business/operating company. |
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Business Schedule of Liabilities on the business/operating company dated within the past 90 days. |
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A Project Cost Breakdown of the project. |
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Interim financial statement(s) (Income Statement/Profit and Loss and Balance Sheet) for the business/operating company dated within the past 90 days. |
Go here to download our Pre-Approval application right now.
Keep in mind that we specialize in Smarter Financing for owner-occupied properties (acquisition or construction) between $500,000 and $5,000,000. However, this is not an absolute requirement. If you have any questions or concerns, please call (1-866-622-4505), Click Here to E-mail Us or use our live chat feature at the top right of this page.
Respectfully yours,
Chris Hurn
CEO & Co-Founder
