Orlando, FL, August 12, 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 RonDao’s Grilled Chicken and Salad, LLC recently for $940,000 in total project costs.
RonDao’s Grilled Chicken & Salad, LLC is a fast-casual restaurant. They feature a rotisserie style chicken, marinated and grilled above a charcoal fire. They also have various sandwiches, pork, clams, a 12ft organic salad bar with fresh vegetables, as well as numerous side dishes, ranging from Yukon potatoes to veggies.
“We can help small business enterprises, like RonDao’s Grilled Chicken & Salad, LLC, grow by helping them take control of their commercial real estate expenses with below-market, fixed interest rates, and longer terms than are available with ordinary commercial financing right now,” said Chris Hurn, CEO of Mercantile Capital Corporation.
Hurn said job creation is one of the principal goals of the SBA 504 loan program. Since Mercantile Capital Corporation opened its doors in 2003, its SBA 504 loans — which are approaching the $1 billion mark — have helped create or retain 6,584 jobs.
“The SBA 504 loan program is one of the most effective economic development and job creation programs the U.S. government has to its credit,” Hurn added.
For more information, visit http://www.504experts.com and http://www.504blog.com.