FOR IMMEDIATE RELEASE
Orlando, Fla. (June 11, 2013) — Mercantile Capital Corporation, one of the nation’s leading providers of U.S. Small Business Administration (SBA) 504 loans, recently closed a commercial real estate loan worth $315,000 in total project costs for Orlando-based Kidz at Work Academy.
Kidz at Work Academy offers child care during regular business hours, after school programs, nightly care until 12am, Saturday care, and free VPK. The company currently has six employees and is licensed for up to 56 children. The new facility is licensed for 80 children and will accommodate the anticipated growth of Kidz at Work Academy.
Mercantile’s specialization in SmartChoice Commercial Loans, also known as SBA 504 loans, allows small to mid-sized business owners, like owner Allison Govan of Kidz at Work Academy, to own their commercial property with the highest cash-on-cash return financing available. The program offers below-market, fixed interest rates; up to 90-percent loan-to-cost financing; and 20-year terms for projects up to $15 million for business owners who want to purchase or construct their own facilities.
Mercantile Capital Corporation is a three-time SBA Financial Services Champion as well as a three-time Inc. 500|5000 honoree.
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For more information, visit www.504Experts.com and www.504Blog.com. For media requests and questions, contact Chris Hurn, CEO of Mercantile Capital Corporation, at 407-786-5040 or ChrisHurn@MercantileCC.com.