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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600 loans and counting

600 SBA 504 loans and counting.

In the sports world, 600 is a pretty significant milestone. Eight major league baseball players have hit 600 home runs (some with asterisks). Eighteen hockey players have scored 600 goals. The longest NASCAR race is 600 miles. The closest anyone has come to 600 passing touchdowns in the NFL is Peyton Manning with 539, and Norm Van Brocklin almost threw for 600 yards (554) in a single game back in 1951. Six hundred is a big number, and we’ve now cleared that milestone in terms of loans closed.

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Q3 2015

Q3 2015 & Our Second Four-peat

It’s hard to believe, but 75% of 2015 is history. Halloween is almost here, which means Christmas isn’t far behind, and Thanksgiving will fall sometime in between. Next year will probably get here much sooner than most of us would like, but it’s not here yet, so let’s talk about what’s going on now. Check […]

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