Mercantile Capital Corporation, which ranks as one of the nation’s leading providers of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, closed a loan for Love Packaging, LLC recently for $253,000 in total project costs.
Love Packaging, LLC is a full service supplier of packaging materials and contract packing services for a wide range of applications and markets, providing solutions based on new methods and emerging technologies.
“Mercantile provided us with a cost effective long term solution for the funding of a new digital printing press that will enable us to provide short production runs and facilitate our customer’s needs,” said co-owner, Satish Sharma. “We appreciate Mercantile’s attention to detail and the effort to take the time and care required to assist us with our borrowing needs.”
The SBA 504 Loan Program helps owners of small to mid-sized businesses have an opportunity to create wealth and financial freedom. Their specialization in these 504 loans, allows borrowers, like Rod Ali and Satish Sharma, to own their commercial property with the highest cash-on-cash return financing available, without tying up their precious capital.