Mercantile Capital Corporation, one of the nation’s leading providers of U.S. SBA 504 loans for small business owners who want to acquire or develop their own facilities, closed a commercial loan for Quality Daycare I, Inc. recently for $675,000 in total project costs.
Online PR News – 08-August-2012 – Orlando, FL – Orlando, Fla./ 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, closed a commercial loan for Quality Daycare I, Inc. recently for $675,000 in total project costs.
At Quality Daycare (QDC), they provide first-rate child care services for infants and toddlers. QDC serves principally the communities of Hempstead, Uniondale, Roosevelt, Freeport and Baldwin, and prides itself on providing a safe and nurturing learning environment where children can develop socially, academically and culturally.
“The SBA 504 loan program is one of the most effective economic development and job creation programs the U.S. government has come up with,” said Chris Hurn, CEO of Mercantile Capital Corporation.
“We can help small business enterprises grow by helping them take control of their commercial real estate expenses with below-market, fixed interest rates, and longer terms than are available with ordinary commercial financing right now,” he added.
The SBA 504 loan program helps owners of small businesses, like Hugh and Claudette Dickenson of Quality Daycare I, Inc., have an opportunity to create wealth and financial freedom. MCC’s specialization in SBA 504 loans, allows 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 www.504Experts.com and www.504Blog.com.