Mercantile Capital launches new Bank Program

ALTAMONTE SPRINGS - Mercantile Capital Corporation, the Florida-based firm that 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 expand their operations. They have announced a new Community Bank Loan Program.
The company will provide financing for bank clients who have projects outside of the bank’s lending parameters and geographic areas. Some examples are special-use properties like restaurants, daycare facilities and marinas. This program is greatly needed as Florida has some of the finest deepwater Marinas.
Through Mercantile’s Community Bank Loan Program, banks would be able to offer their small business clients up to 90% financing (including closing costs) to purchase or construct owner-occupied properties.
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