Commercial Real Estate Loan Closed in Gardena, CA for $6.9 Million, Funded by Mercantile Capital

Mercantile Capital Corporation, one of the nation’s leading providers of U.S. Small Business Administration (SBA) 504 loans, recently closed a commercial real estate loan in Gardena, California for $6,959,300 in total project costs.
 
 
ORLANDO, Fla. - March 19, 2013 - PRLog -- Orlando, Fla./ March 19 – Mercantile Capital Corporation, one of the nation’s leading providers of U.S. Small Business Administration (SBA) 504 loans, recently closed a commercial real estate loan in Gardena, California for $6,959,300 in total project costs.

The company is an integrated logistics provider that delivers customers’ freight on time, with efficiency and high service levels. Their core competencies include harbor drayage, warehousing, air shipments, and California LTL/FTL (less than truckload and full truckload shipping).

“Running a business in today’s economy is tough, and getting funding today is even tougher”, said co-owner and CFO, Rob Chan.  “It’s as if only companies that don’t need funding can qualify for the funding, nowadays. Despite our continue growth and success, we weren’t getting the attention we needed from many of the lending institutions, in efforts to support our growth.”

The SBA 504 Loan Program helps owners of small to mid-sized businesses have an opportunity to create wealth and financial freedom.

Chris Hurn, CEO of Mercantile Capital Corporation, said the program offers record below-market, fixed interest rates; up to 90-percent loan-to-cost financing; and 20-year terms for projects up to $15 million for small business owners who want to acquire or develop their own facilities.

“We were very fortunate to have partnered with Mercantile,” Chan added.  “They truly support small businesses, recognize the growth and potential of a company, and helped us to secure the funding needed for continued growth. Our experience with Mercantile was painless, seamless, informative and truly professional.”

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

+Chris Hurn
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).

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Tags:Commercial Property Loan, Commercial Real Estate, 504 Loan, Sba 504 Loan, Mercantile Capital Corp
Industry:Real Estate, Finance
Location:Orlando - Florida - United States
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