Happy New Year and Thank You…
Yesterday was my last day in the office for this year. I decided to spend some extra time with my family, so we’re spending the weekend on the Florida Gulf Coast for a little rest and relaxation to...
View ArticleA Record-Breaking Year for Mercantile and Small Business Lending
At Mercantile Capital Corporation, we issue press releases fairly regularly to update our industry and the news media on what we’re up to — recent closed loans, monthly and yearly totals, etc. I know...
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The SBA Should NOT Be Abolished…
The Wall Street Journal announced last week that an upcoming special report will explore the pros and cons of abolishing the U.S. Small Business Administration. This comes in response to President...
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Lessons from Capitol Hill: How NOT to Negotiate…
Even though 2013 is now three days old, let me officially wish you a Happy New Year! Like me, I’m sure you can look back at 2012 and see the varying highs and lows that have brought us to where we are...
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Small Business Lending: 2012 Year In Review…
Well, it’s taken me 17 days to get my act together and update you on how Mercantile did in 2012, but the numbers are finally in. We said all along that last year was going to be a record-shattering...
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Good News/Bad News for Small Business Lending in 2013…
The last two years have seen record-shattering levels of government-guaranteed lending, which includes the SBA 504 loan program (aka the SmartChoice® Commercial Loan). In terms of loan volume, 2011...
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SBA 504 Refi Redux
Since the beginning of the year, I’ve been saying that we’re going to see a decrease in small business loans this year, likely in the 20 to 30 percent range. The primary reason for my gloomy outlook...
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Construction 101: New Construction vs. Renovations
For some businesses, simply purchasing a commercial building and just moving in works alright. Others, however, may have specific requirements for the spaces they occupy. Maybe there’s custom...
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SBA 504 Update | February 2015
About SBA 504 Loans > Up to 90% loan-to-cost financing for owner-occupied commercial real estate > Office, industrial, medical, flex, daycare, retail, self-storage, and flagged hotel > Total...
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Pro Tip: Get Pre-Approved
So let’s say you’re a small business owner who’s interested in owning commercial real estate for your business. Maybe you’ve found the right property and all you need is a loan to buy it. Or maybe...
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