Hopefully,
you and those close to you have come away safely from Hurricanes Charley
and Frances. We are sure you'll join us in wishing Ivan and
any others will blow away from us. That being said, here's the
latest news and information from MCC...
Total
Capital Savings Tops $3.85 Million!
A
survey of our first 25 commercial loans shows a total capital savings
of over $3.85 million as the result of our 504 loan program.
Analysis of our first 25 504 loans that have closed since July 2003
shows a total loan volume of $25,539,809, averaging just over $1,000,000
per loan. The total value of our projects came to $30,745,268.
As a result of the capital savings by providing 90% financing of the
total project costs, the SBA requires one new job be created or retained
for every $50,000 in government-guaranteed funding. According
to this measure, our lending activity has generated an estimated 221
new jobs in Florida in the last twelve months. Since our first
25 borrowers didn't have to put over $3.85 million into their commercial
real estate purchases, you can see how the equity savings easily translated
into so many new jobs. Additionally, these calculations did
not take into account that our borrowers, when they go from leasing
their property to owning, generally save up to 40% of their real estate
expenses.
If
you would like to find out how your business or one you know can
save equity through lower down payments, cut costs through lower
monthly payments, and have more capital on hand to grow, contact
us now by calling toll free at 866-622-4504 or visit MCC online
at www.504experts.com.
