Mercantile Capital Corporation, a leading provider of U.S. SBA 504 loans for small business owners who want to acquire their own facilities, closed a commercial loan for D.A. Drenner Concrete, Inc. recently for $1,250,000 in total project costs.
Online PR News – 04-October-2012 – Orlando, 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, develop or refinance their own facilities, closed a commercial loan for D.A. Drenner Concrete, Inc., recently for $1,250,000 in total project costs.
D.A. Drenner Concrete, Inc. is a family owned and operated full-service concrete vendor. Their client base extends into northern Virginia, Washington D.C. and come parts of southern Pennsylvania and eastern West Virginia. On the commercial level, they provide service to private owners, general contracts, federal, state and local jurisdictions, public and private institutions and industrial developers.
The refinance provision of the SBA 504 loan program allows small business owners, like Darrel Drenner, to refinance performing commercial mortgages with longer-term, below-market, fixed interest rates afforded by the SBA 504 program. 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.