ALTAMONTE SPRINGS, FL. – 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 develop their own facilities, recently closed a commercial loan for Metal Essence, Inc. for $695,250 in total project costs.
Metal Essence, Inc. is a precision metal and plastics fabricator that specializes in high-quality close-tolerance machining for the electronics, military, telecommunications and medical industries.
“We are excited about our new location and the opportunity it presents to expand our business,” said co-owner, Yvonne Stimac. “Thanks to Mercantile Capital Corp., we are putting money back into our company instead of throwing it away in rent payments.”
The SmartChoice Commercial Loan Program gives owners of small to mid-sized businesses like Metal Essence, Inc. an opportunity to create wealth and financial freedom. SmartChoice Commercial Loans, also known as SBA 504 loans, allow borrowers like Alfredo and Yvonne Stimac 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.
Contacts:
Chris Hurn, Mercantile Capital Corporation, 407-786-5040
Robin Lashley, Mercantile Capital Corporation, 407-786-5040
1 comment:
i like the concept of this Loan type, it gives more opportunity to small business to allocate and think about how they can finance and boost up their business.
Peter
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