Mercantile Commercial Capital Provides Commercial Real Estate Loan to Embroidery Company

PRLog (Press Release) - Jan 28, 2009 -
Mercantile Commercial Capital, LLC, which ranks as one of the nation’s leading providers of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, closed a commercial loan for Mississippi Embroidery, LLC on December 31th, 2008 for $1,675,000.00 in total project costs.

Mississippi Embroidery opened in 1993 and is family-owned and operated.  Following Hurricane Katrina in 2005, water and wind damage to their location left Mississippi Embroidery little choice but to move to a much smaller location.  Unfortunately, the reduction of space hindered production and made expansion impossible.  Mercantile provided long-term financing for Mississippi Embroidery’s new 17,000 square-foot building located in Hattiesburg, with a 20-year, fully-amortizing term and a very attractive 5-year fixed interest rate, with only 10% down.        
   
“Mercantile’s SmartChoice Loan helped me secure financing for my business’s new commercial property,” said President and owner Gary Parker.  “I know that owning my own property through their loan is an investment for my financial future,” he added.  For more information on Mississippi Embroidery, please visit http://www.mississippiembroidery.com.    

Mercantile Commercial Capital’s SmartChoice  Commercial Loan Program helps owners of small to mid-sized businesses, like Mr. Parker, have an opportunity to increase their net-worth through Commercial property ownership.  Mercantile’s specialization in SmartChoice  Commercial Loans, also known as SBA 504’s, allows their borrowers to own their Commercial property with one-third to half the down payment required by ordinary banks, while getting the least expensive capital available in the marketplace.  This enables business owners to reduce their risk and stay more liquid, while gaining all the benefits of Commercial real estate ownership.

For more information, visit http://www.TheSmartChoiceLoan.com and http://www.504Blog.com.

Contacts:
Chris Hurn, Mercantile Commercial Capital, LLC 407-786-5040
Robin Lashley, Mercantile Commercial Capital, LLC 407-786-5040

Photo:
http://www.prlog.org/10173962/1