Mercantile Capital Corp Provides Commercial Real Estate Loan in Augusta, GA Worth Over $3.7 Million

Oct. 6, 2011 - PRLog -- Mercantile Capital Corporation, 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 Masters Hotel Group, LLC dba Comfort Inn & Suites recently for $3,733,800 in total project costs.

This Comfort Inn & Suites has 61 rooms, includes a large lounge area, business center and laundry center that is free of use for the guests, as well as complementary breakfast.  It is located just outside the main gate of Fort Gordon, a signal center of the U.S. Army with over 20,000 soldiers on active duty, which greatly affects hotel occupancy.  

“With things the way they are in the economy right now, I was unsure if this project would even be possible," said co-owner, Ravi Murugappan.   “But Andie Shato [of Midwest Business Capital] and the people at Mercantile Capital Corporation pulled it off and all worked together to make this happen for us.”

The SmartChoice Commercial Loan Program helps owners of small to mid-sized businesses, like Comfort Inn & Suites, have an opportunity to create wealth and financial freedom.  Their specialization in SmartChoice Commercial Loans, also known as SBA 504 loans, allows borrowers, like Ravi Murugappan and Shan Sundaram, to own their commercial property with the highest cash-on-cash return financing available, without tying up their precious capital, so they can grow even faster.

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

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Mercantile Capital Corporation ranks as one of the most active providers of SBA 504 loans nationwide, providing owners of small and mid-sized businesses the option to own commercial property with up to 90 percent loan-to-cost financing. Visit www.504Experts.com or www.504blog.com for more information.