Mercantile Capital Corporation, a leading national provider 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 on a medical office condo for Harpeth Chiropractic Center recently for $312,500 in total project costs.
Harpeth Chiropractic Center is experienced in working the elderly, adults, teens, children, infants and even those with sports injuries. James Moore, D.C. embraces the holistic philosophy toward healing and employs a comprehensive approach toward diagnosing, treating and healing illness or injury.
The SmartChoice Commercial Loan 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, helping businesses, like Harpeth Chiropractic Center, have an opportunity to create wealth and financial freedom. MCC’s specialization in SmartChoice Commercial Loans, also known as SBA 504 loans, helps borrowers to own their commercial property with the highest cash-on-cash return financing available, allowing them to grow even faster without tying up capital.
As traditional lenders have yet to loosen their purse strings, Chris Hurn, CEO of Mercantile Capital said SBA 504 lending ranks as perhaps the nation’s most effective stimulus for economic recovery.
“Small business entrepreneurs all across the nation are using 504 loans to expand their operations, create jobs, and grow their businesses,” Hurn explained, adding that interest rates are the lowest ever making this a once-in-a-lifetime opportunity for entrepreneurs.