ORLANDO, FL. – Two of the most effective economic recovery programs for small businesses in the U.S. are set to expire in late September unless Congress ends its election-year deadlock and acts to extend them.
Christopher Hurn (top right photo), chief executive officer of Mercantile Capital Corporation, 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, said he’s worried that SBA 504 loans for small businesses are being overlooked as Congress grapples with more visible public policy issues.
Hurn said the two initiatives — the SBA 504 refinance program and the First Mortgage Lien Pooling (FMLP) program — significantly expand the benefits of SBA 504 financing for small businesses in the U.S. at a time when our economy needs those businesses to grow and create jobs.
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