Orlando, FL, April 13, 2013 --(PR.com
)-- INSX, Inc. and Diamante D. Jeans, Inc., pioneers in the fashion industry, recently relocated after acquiring a warehouse and commercial showroom building in the heart of Los Angeles’ famous Fashion District, on South Crocker Street.
Mercantile Capital Corporation, one of the nation’s leading providers of U.S. Small Business Administration (SBA) 504 loans, provided financing in the transaction of over $8 million in total project costs.
The larger Crocker Street location will enable the companies, who target the rapidly growing Hispanic market, to grow continuously by providing a much-needed larger showroom space to showcase their growing inventory of jeans. Both INSX and Diamante D. Jeans, wholesalers of fashionable clothing for men, women and children, have manufacturers in China, and customers in the U.S., Canada, Venezuela, Costa Rica, Santo Domingo and Mexico.
“It was a great pleasure working with Mercantile, who helped our vision of expanding into the Fashion District become a reality,” said owner, Wang Jun Han.
Christopher G. Hurn, CEO of Mercantile Capital Corporation in Orlando, said SBA’s 504 loan program offers record below-market, fixed interest rates; up to 90-percent loan-to-cost financing; and 20-year terms for projects up to $15 million for small business owners, like INSX and Diamante D. Jeans, who want to acquire or develop their own facilities.
“Small business entrepreneurs all across the nation are using 504 loans to expand their operations, create jobs, and grow their businesses,” Hurn explained, adding that interest rates are close to the lowest ever, making this a once-in-a-lifetime opportunity for entrepreneurs.
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).