Mercantile Capital Provides Commercial Real Estate Loan in New Orleans, LA Worth Over $1 Million

Jan. 17, 2012 - PRLog -- Orlando, Fla./ 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 Industrial Products Limited, LLC recently for $1,030,000 in total project costs.

Established in 1996, Industrial Products Limited, LLC wholesales and retails a large assortment of industrial products and operates The Stairway Shop, a wholly owned division of Industrial Products.  They have also opened branch locations in Columbus, Ohio and Pittsburgh, PA.

“Mercantile Capital guided us through the process in a professional and efficient manner,” said co-owner, Phil Cerminaro.  “They have helped position Industrial Products for positive future growth and financial success.”

The SmartChoice Commercial Loan Program helps owners of small to mid-sized businesses, like Industrial Products Limited, LLC, have an opportunity to create wealth and financial freedom.  Their specialization in SmartChoice Commercial Loans, also known as SBA 504 loans, allows borrowers, like Phil Cerminaro and William Powe, 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 www.504Experts.com and www.504Blog.com.

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Mercantile Capital Corporation, a wholly-owned subsidiary of Old Florida National Bank, ranks as one of the most active providers of SBA 504 loans nationwide. They specialize in commercial property financing for owners of small and mid-sized businesses who want to acquire or enhance their own facilities, with up to 90 percent loan-to-cost financing.