Mercantile Capital Corporation Provides Financing for Preschool in Naperville, IL for Over $1.1 Million
Orlando, FL, April 07, 2012 --(PR.com
)-- Mercantile Capital Corporation, a leading provider 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 Just For Kids Preschool, LLC recently for $1,180,000 in total project costs.
Just For Kids Preschool is an academic program for children ages 2 through 6. The school was established in 2003 and serves families in South Naperville, primarily single-income families who are looking to provide their children with the opportunity to be successful in elementary school.
“I am very grateful to have found a program that lowers my interest rate,” said owner, Dianne Grosso. “The lower rate not only makes it easier to manage our business during the harder economic times, but also allows us to continue offering new programs to our families in the future.”
The SBA 504 loan refinance program helps owners of small to mid-sized businesses, like Just For Kids Preschool, 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.
“When thousands of small business owners across this nation are struggling with high interest rates on loans for commercial buildings and an inability to finance additional working capital, this refi program is phenomenal,” said Chris Hurn, CEO of Mercantile Capital Corp.
For more information, visit http://www.504Experts.com and http://www.504Blog.com.