Mercantile Capital Corporation Refinances a Hotel in Aberdeen, North Carolina for Over $9.5 Million

Mercantile Capital Corporation, which ranks as one of the nation's leading providers of U.S. Small Business Administration 504 loans for small business owners who want to acquire or refinance their own facilities, recently refinanced a Hampton Inn in Aberdeen for $9,500,000. End Quote

Orlando, FL (1888PressRelease) March 14, 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, develop or refinance their own facilities, recently closed a commercial loan for McPeake Hotels, Inc. d.b.a Hampton Inn-Aberdeen for $9,500,000 in total project costs.

This Hampton Inn is a four-story, 103 room hotel with interior corridors situated on 3.49 acres. The hotel was built in 2007 and has been operated by the owner, Bonnie McPeake ever since.

"The Hampton Inn & Suites represents my family's life work," said McPeake. "We are thankful in this economy and in our industry to have found financing, especially with the SBA 504 Loan Refinance Program."

The SBA 504 Loan Refinance Program helps owners of small to mid-sized businesses, have an opportunity to create wealth and financial freedom. Their specialization in SBA 504 loans, allows borrowers, like Bonnie McPeake, 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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