Orlando, FL, August 04, 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 develop their own facilities, closed a commercial loan for TriCom Coatings, Inc. recently for $4,613,000 in total project costs.
The loan will finance the ground-up construction of a 42,978 SF office/warehouse. This will be the future home of TriCom Coatings, Inc., a company who manufactures and distributes sophisticated aircraft and industrial coatings for use on military and commercial aircrafts. Zions National Bank also participated in providing financing to complete this transaction.
“Mercantile Capital Corporation was very easy to work with. They were professional and helpful in simplifying our loan process,” said co-owner Robert Commisso. “We look forward to seeing our completed project, thanks to the hard work and assistance from Mercantile Capital Corporation, Zions Bank, and the U.S. SBA.”
The SBA 504 loan program helps owners of small to mid-sized businesses have an opportunity to create wealth and financial freedom. Their specialization in SBA 504 loans, allows borrowers, like Robert and Lisa Commisso, 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 www.504Experts.com and www.504Blog.com.