Mercantile Capital Corp Provides Financing for Best Western in New Braunfels, TX Worth Over $3.1 Mil

May 17, 2012 - PRLog -- Orlando, Fla./ Mercantile Capital Corporation, one of the nation’s leading providers of U.S. SBA 504 loans for small business owners who want to acquire or develop their own facilities, recently closed a commercial loan for New Braunfels Hospitality, LLC, dba Best Western Inn & Suites, for $3,150,000 in total project costs.

Mercantile provided financing for the acquisition of a 29,948 SF 61-room limited service Best Western Inn & Suites hotel in New Braunfels, Texas.  Hotel amenities include complimentary continental breakfast served every day, an outdoor pool, an outdoor spa, ice/vending machines, guest laundry, meeting facilities, fax services, photocopy services and wireless interest access.

“The SBA 504 loan was the best suited program for the financing of our newly acquired hotel,” said co-owner, Shailesh Bhakta.  “It was a great option because it allowed for a decent cash on cash return for our renovations.”

The SBA 504 loan program helps owners of small to mid-sized businesses have an opportunity to create wealth and financial freedom.  MCC’s specialization in these loans allows borrowers, like Shailesh and his father, Gordhan, to own their commercial property with the highest cash-on-cash return financing available, so they can grow even faster.

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