A record breaking quarter

A record-breaking Q1 and a big thank you…

We just had our best quarter ever. Technically. You see, 2012 was a year for the record books, but with an asterisk. That’s when the SBA 504 refinance program was in effect (the first go ‘round), and the number of refi loans we were able to do really goosed our lending totals that year. So not counting 2012, Q1 2016 saw us reach our highest loan volume total in the history of Mercantile: more than $88 million in total project costs.

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Smarter Construction Loans

Smarter Construction Loans

Fact: Half our business this year will be SBA 504 construction loans. It can be difficult to get construction financing, but we’re here to help. Since 2013, construction projects have accounted for about 60 percent of our overall loan volume, and all signs point to the trend continuing. We’re able to do construction loans when […]

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2015 By the Numbers

2015 By the Numbers

Even though we’re more than halfway through January, we’d still like to wish you a Happy New Year! We’re sure 2016 is going to be a great year for SBA 504 lending, but before we talk about what’s to come, let’s see where we’ve been…

Lots and Lots of Construction

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Happy Holidays 2015

Happy Holidays from Mercantile Capital Corporation

This is just a quick message to wish you Happy Holidays and Happy New Year. Frankly, you shouldn’t be reading emails from us when you could be with family and friends and celebrating the season, so we’ll keep this short. If you do have a question about SBA 504 loans, we’re not closing up shop […]

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Green Loans with the SBA 504 Loan

Going Green with the SBA 504 Loan

Under the SBA’s Green 504 provision, projects deemed green or environmentally-friendly are subject to a $5.5 million cap per project. Again, this is on the SBA-guaranteed second mortgage piece. This really opens up the possibilities for small business owners. Without an aggregate cap, entrepreneurs can go back to the well so to speak multiple times to grow and expand their businesses — opening new locations, building new facilities, renovating multiple facilities, etc.

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