Orlando, FL, December 15, 2011 --(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 Hotel Surplus Outlet recently for $2,310,000 in total project costs.
Hotel Surplus Outlet is a furniture liquidator and reseller, offering liquidation and asset recovery services for hotel furnishings, new furniture, decorator goods, and manufacturer’s overstock furnishings. Various types of purchase, hotel liquidation, de-installation and furniture recycling programs are also available from the company.
“We are very pleased that Mercantile Capital Corporation was able to secure and arrange the financing on this property, so that we can continue to grow our warehousing and resale business,” said owner, Donald Fenning. “Their SBA loan program made our dreams of expansion into our own larger facility possible.”
The SmartChoice Commercial Loan Program helps owners of small to mid-sized businesses, like Hotel Surplus Outlet, have an opportunity to create wealth and financial freedom. Their specialization in SmartChoice Commercial Loans, also known as SBA 504 loans, allows borrowers, like Donald Fenning, 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 http://www.504Experts.com and http://www.504Blog.com.