Orlando, FL, May 03, 2012 --(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 refinance their own facilities, closed a loan for Chandra Holdings, Inc. dba Quality Inn recently for $3,450,000 in total project costs.
This Quality Inn is a 29,152 square-foot hotel with 62 rooms and amenities that include a business center, exercise room, complimentary full breakfast, cable/satellite TV and wireless high speed internet access. The customer base is made up of corporate, military and other visitors to Washington’s capital city, Olympia.
“It was a great pleasure to work with MCC to secure this loan,” said owner Denesh Chandra. “Thanks to the SBA program, this not only ensures that we can keep our current staff employed, but gives us confidence in our plans to hire more staff in the future.”
The SBA 504 loan refinance program helps owners of small to mid-sized businesses, like Denesh Chandra, 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.