Mercantile Capital Corporation, one of the nationâ€™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 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 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.
â€śThe SBA 504 loan program is one of the most effective economic development and job creation programs the U.S. government has come up with,â€ť said Chris Hurn, CEO of Mercantile Capital Corporation.
â€śWe 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,â€ť 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. MCCâ€™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.