Mercantile Capital Corporation, 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 commercial loan for AST Sportswear, Inc. recently for $12,750,000 in total project costs.
AST Sportswear, Inc. is a manufacturer of apparel & headwear made in America, with distribution centers in 15 States. The company primarily specializes in producing active wear under its brand Bayside USA – - from T-shirts, fleece, safety wear, aprons, tote-bags, & headwear to private label garments. AST’s entire product line is 100% American made – - from the cotton grown in the U.S. to yarn, knitting, fabric dyeing, cutting and sewing at their company owned factories, headquartered in Anaheim. Being a vertical mill allows AST / Bayside to create jobs here in the U.S. and provide superior quality apparel.
“When it comes to SBA loans, people usually think twice about the process,” said co-owner, Taher Dadabhoy. “But, working with Mercantile Capital was a great experience, and the process went smoothly and quickly.”
“They really know how to take care of their clients and I wouldn’t hesitate to use them in the near future again or recommend them to others,” added Dadabhoy.
The SBA 504 Loan Program helps owners of small to mid-sized businesses, like AST Sportswear, Inc., have an opportunity to create wealth and financial freedom. Their specialization in SBA 504 loans allows borrowers to own their commercial property with the highest cash-on-cash return financing available, without tying up their precious capital, so they can grow even faster.