Mercantile Capital Corporation Finances Commercial Real Estate Project in Morgan Hill, CA For Over $2.2 Million
Mercantile Capital Corporation, a leading provider of U.S. SBA 504 loans for small business owners who want to acquire their own facilities, closed a commercial loan for Pan Pacific RV Centers, Inc. for $2,200,00 in total project costs.
- Orlando, FL (1888PressRelease) June 06, 2012 - 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 refinance their own facilities, recently closed a commercial loan for Pan Pacific RV Centers, Inc. for $2,200,00 in total project costs.
Pan Pacific RV Centers, Inc. sells and services recreational vehicles (currently 20 brands of motorhomes and towables), as well as related accessories. They operate four sales facilities in French Camp (Stockton), Sacramento, Roseville, and Morgan Hill, with over 40 employees.
Geof Longstaff, chairman of Mercantile Capital Corporation, said their recent surge in new business can be attributed to improved economic conditions and further awareness of Mercantile's specialty.
"We are seeing a marked increase in loan inquires, as more business owners project growth in the coming year and want to purchase still-discounted real estate, before values increase from here," Longstaff said.
The SBA 504 loan program helps owners of small to mid-sized businesses, like James and Sherry Shields, have an opportunity to create wealth and financial freedom. These loans allow 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 http://www.504Experts.com and http://www.504Blog.com.
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