Mercantile is off to the races in 2017

Off and Running

It’s always nice to start the year off right, and in our case we had an amazing Q1 for the second year running. We matched our all-time best quarter with over $88 million in total project costs financed.

We closed 18 loans in seven states (California, Florida, New Jersey, North Carolina, South Carolina, Texas, and Virginia) in various industries and for multiple property types. We financed the ground-up construction of several hotels, the acquisition of an industrial building for a cabinet fabricator, the purchase of an industrial building for a custom builder, the purchase and renovation of an office space for a law firm, and the acquisition and improvements of a commercial warehouse for one of the leading Original Equipment Manufacturer (OEM) supplier of automotive lights in the United States. We also completed the refinance of three bed and breakfast inns in California.

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Mercantile Capital Corporation is 15 years old

Mercantile Capital Corporation is 15 years old . . .

Fifteen years is a pretty long time. Think about this: in 2002, A Beautiful Mind won the Oscar for best picture, Tom Brady and Bill Belichick won their first of five Super Bowls together, and half our company was still in college. It was also the year Mercantile got its start.

We try to tell our story as often as possible because we think it’s important. Mercantile started with an idea to help business owners grow better and smarter. Fifteen years ago, the SBA 504 loan program wasn’t very well-known, and it was shamefully underutilized. We believed it was the best option for small business owners who wanted to buy, build, or renovate their commercial real estate. We recognized that smart commercial real estate ownership is not just the key to helping small businesses create jobs and grow just themselves, but build their communities, as well.

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Two billion dollars financed

Two Billion Dollars in SBA 504 Loans Financed!

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beginning again 2017

Beginning Again – 2017

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