Mercantile Commercial Capital Reports Closing of Commercial Loan in Chino, California Worth More Than $2.3 Million in Total Project Costs

Altamonte Springs, Fla. – October 21, 2008Mercantile Commercial Capital, 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 America West Landscaping, Inc. on September 30th for $2,355,000 in total project costs.

 America West Landscaping, based in Chino, California, has been incorporated since 2002.  Their primary source of revenue comes from public work jobs with the city government and schools.  Mercantile provided long-term financing for their 18,698 square-foot commercial property with a 25-year, fully amortizing term and a very attractive 12-year fixed interest rate, with only 10 % down.  “Getting financing through Mercantile’s SMARTChoice loan was a streamlined process,” said Duane Groen, owner of America West Landscaping.  “Plus, I know my purchase is an investment in my future.”

 Mercantile Commercial Capital’s SMARTChoice  Commercial Loan Program helps owners of small to mid-sized businesses, like Mr. Groen, have an opportunity to create wealth and financial freedom.  Mercantile’s specialization in SMARTChoice  Commercial Loans, also known as SBA 504’s, allow borrowers to own their property with the highest cash-on-cash return available, without tying up their precious capital.

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Chris Hurn, Mercantile Commercial Capital, LLC 407-786-5040

Robin Lashley, Mercantile Commercial Capital, LLC 407-786-5040

Chris Hurn, Mercantile Commercial Capital, LLC 407-786-5040

Posted Under: Mercantile Commercial Capital