Mercantile Capital Corporation: Your SBA 504 Construction Loan Experts

From a lender’s perspective, construction is fraught with risk. That’s why it can be so difficult to get a construction loan — some (maybe many) lenders don’t want to take on the risk associated with that type of project. We certainly understand and appreciate those concerns, but we’ve gotten really good at evaluating and doing SBA 504 construction loans. Here are four reasons why we should be on your short list of small business construction lenders…

Single Stream Recyclers

#1 — Ability

Since 2010, a little more than half our business has been construction. Other lenders will tell you that’s a lot — that perhaps we’re taking on more risk than we should. But because we’ve been doing construction loans for so long, and because we’ve had such success, and because we’ve built a team of highly skilled people to manage these projects, we’re able to mitigate a lot of that risk. We don’t take on every construction project that comes along, but we’re able to tackle some (maybe many) that other lenders wouldn’t be comfortable with, and it’s because we’ve built the necessary team and infrastructure, and we’ve gained a great deal of experience and expertise over the years.

On the left you can see the inside of a recycling plant for which we financed the ground-up construction / Cocoa, FL

#2 — Experience that breeds empathy

Our executive team has experience on both sides of the commercial construction process — both as lender and borrower/developer. Through that we have accumulated practical experience not found in most other lenders. First, this allows us to understand construction projects inside and out. Second, it makes it possible for us to understand what it’s like to be in our clients’ shoes. We know how to deal with contractors, architects, inspectors and all the other moving parts and challenges that are inherent to the construction process. We know how to communicate with our clients about what’s going on and what to expect during the construction phase.

L'Horizon Hotel

#3 — Longevity

We’ve been doing SBA 504 loans exclusively since 2003. That’s a long time to be doing just one thing, and we’re sure there are very few lenders out there who understand the 504 program as fully and thoroughly as we do. We know how to get construction projects funded and completed because we’ve put in the time and effort to learn the program and build long-lasting and quality relationships within the industry.

On the left you can see the poolside of a boutique hotel for which we financed the acquisition and renovation / Palm Springs, CA

#4 — Geography

We’re able to provide SBA 504 construction financing nationwide. To date, we’ve closed loans in 40 of the 50 states plus Puerto Rico and the District of Columbia. And we do it from our headquarters in Orlando, Florida. A nationwide footprint without nationwide personnel means we can be lean and quick and competitive.

If you have questions about how we do construction financing, we’d love to get you some answers. Let us know how we can help, whether it’s your project or your clients’.

 

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