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Mercantile Capital Corporation Provides Commercial Real Estate Loan in Bronx, NY Worth $683,000

Orlando, Fla./ February 21 – Mercantile Capital Corporation, which ranks as one of the nation’s leading providers of U.S. Small Business Administration (SBA) 504 loans for commercial real estate, closed a loan for Miller Mechanical System, LLC recently for $683,000 in total project costs.

Miller Mechanical Systems is a commercial HVAC (Heating, Ventilating and Air Conditioning) contractor specializing in midsized to large industrial construction.

The SBA’s 504 loan program offers record below-market, fixed interest rates; up to 90-percent loan-to-cost financing; and 20-year terms for projects up to $15 million for small business owners, like Miller Mechanical Systems, who want to acquire or develop their own facilities.

“Small business entrepreneurs all across the nation are using 504 loans to expand their operations, create jobs, and grow their businesses,” explained Chris Hurn, CEO of Mercantile Capital Corporation.