Mercantile Capital Corporation, a leading national provider of U.S. SBA 504 loans for small business owners who want to acquire or develop their own facilities, closed a commercial loan for Jimmy Johnâ€™s Gourmet Sandwich Shop recently for $1,129,850 in total project costs.
Online PR News – 24-February-2012 – – Mercantile Capital Corporation, which ranks as one of the nationâ€™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 Brodyâ€™s, LLC, d.b.a. Jimmy Johnâ€™s Gourmet Sandwich Shop recently for $1,129,850 in total project costs.
Jimmy Johnâ€™s is a franchised restaurant, specializing in fresh sandwiches. Their bread is baked in-house daily and their meat and veggies are sliced fresh in-house everyday as well. Jimmy Johnâ€™s also offers speedy delivery service.
â€śWe can't thank Mercantile Capital enough for the successful acquisition of our new property and build-out of our restaurant,â€ť said co-owner, Bo Bennett. â€śThey provided us the necessary guidance and support which resulted in a very smooth acquisition. The SBA 504 loan program has not only provided us with tax and appreciation benefits on the real estate, but has also locked in occupancy rates for the long term.â€ť
This loan program helps owners of small to mid-sized businesses have an opportunity to create wealth and financial freedom. MCCâ€™s specialization in SBA 504 loans, allows borrowers, like brothers Bo and Brody Bennett, 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.