600 loans and counting

600 SBA 504 loans and counting.

600 is a really big number to us.

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.  

We think getting to 600 loans is a pretty impressive achievement (if we do say so ourselves) for a lender that has focused exclusively on providing SBA 504 loans. And it turns out that we did it even faster than expected, because we’ve been able to provide both the first and the second mortgages for select 504 eligible projects, thanks to our becoming part of the IBERIABANK family. In the past two years, we’ve provided both the firsts and seconds (bridge loans) for 18 projects, making us a one-stop-shop for your small business clients’ SBA 504 loans.

We like to celebrate milestones like 600 loans, but this isn’t merely a numbers game to us. Each project comes with its own backstory and unique set of challenges. And because we close loans nationwide, we get to maintain working relationships with lenders, brokers, CDCs, architects, general contractors, environmental firms, and others all over the U.S. Not always easy, but absolutely worth the effort.

We rarely get what you could call a “slam dunk” project, but we’re okay with that — it’s why we do what we do. Each of our loans represents a small business owner growing and expanding and creating jobs by buying/building/renovating their commercial real estate with smarter financing (SBA 504 financing). Clients have told us that their projects wouldn’t have happened without our involvement, and we’re really proud of that. Each loan is way more than just another notch in our collective belts.

If you’d like to find out how we can help with your clients’ commercial real estate projects, just call or email — 1-866-622-4504 or 504experts@mercantilecc.com. We’re here to help.

– Your 504 Experts

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