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Mercantile Capital Corp Provides Commercial Property Loan in Corona, CA Worth Over $2.1 Million
Mercantile Capital Corporation, one of the nation’s leading providers of US SBA 504 loans for small business owners who want to acquire their own facilities, closed a commercial loan for Christrio Corporation for $2,133,681 in total project costs.
Established in January of 1998, CHRISTRIO was developed to make nail products less complicated and to promote profitable and successful businesses, providing better products to nail salons. The company also offers courses in beginner, advanced, intermediate, and Educational Sales Consultant (ESC) in both acrylic and gel, through their Institute of Advanced Nailery.
Financing was also provided by Plaza Bank, a community business bank located in Southern California and Southern Nevada.
“Plaza Bank stepped up late in the game when the client was left stranded by another bank,” said Todd Massas, Senior Vice President of Plaza Bank. “We approved the loan in just one day and brought Mercantile in to assist with the bridge financing. With their help, we were able to meet the year end close of escrow requirement.”
The SBA 504 loan program helps owners of small to mid-sized businesses, like CHRISTRIO, have an opportunity to create wealth and financial freedom. It allows borrowers 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.
Entrepreneur, Speaker, Writer/Blogger, Leader. Mercantile Capital Corporation only finances commercial real estate for other entrepreneurs and small business owners all over the U.S. utilizing the SmartChoice Commercial Loan program (aka the SBA 504 loan).
Chris Hurn, Mercantile Capital Corporation, 407-786-5040