Mercantile Capital Corporation Provides SBA 504 Loan in Castro Valley, CA Worth $1.3 Million
Orlando, FL, February 14, 2013 --(PR.com
)-- 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 or develop their own facilities, closed a commercial loan for Ravi Panjabi, M.S., Inc. d.b.a. Advanced Pain Management & Rehab Medical Group recently for $1,300,000 in total project costs.
Advanced Pain Management & Rehab Medical Group was started in 1998 by Dr. Ravi Panjabi. The company provides advanced pain management to muscular chronic pain sufferers in the San Francisco Bay Area.
Financing was also provided by Plaza Bank, a community business bank located in Southern California and Southern Nevada.
“With his deposit having already gone non-refundable, Dr. Panjabi was left hanging by another bank with only days left before the seller demanded the escrow to close,” said Todd Massas, Senior Vice President of Plaza Bank. “With Mercantile’s streamlined assistance on the bridge loan, Plaza Bank was able to coordinate financing that saved Dr. Panjabi’s project and exceeded everyone’s expectations.”
The SBA 504 Loan Program helps owners of small to mid-sized businesses, like Dr. Ravi Panjabi, to own their commercial property without tying up capital (with the highest cash-on-cash return financing available), so they can grow even faster.
For more information, visit http://www.504Experts.com and http://www.504Blog.com.
Entrepreneur, Speaker, Writer/Blogger, Leader. Mercantile Capital Corporation only finances commercial real estate for other entrepreneurs and small business owners all over the U.S. utilizing the SmartChoice Commercial Loan program (aka the SBA 504 loan).