Orlando, FL, June 01, 2013 --(PR.com
)-- Mercantile Capital Corporation (MCC), one of the nation’s leading providers of U.S. Small Business Administration (SBA) 504 loans for small business owners, recently closed an equipment loan for AST Sportswear, Inc. for $600,000 in total project costs.
The purpose of this loan was to purchase FF&E for a 115,810 square-foot commercial building that MCC financed in December of 2012. The equipment will be used by AST Sportswear, Inc. to support the expansion of its apparel manufacturing operations. AST has said that the new state of the art equipment, such as its box packaging system, racking system, security system and air systems will help the company to become more efficient, increase production and raise the bar of American made products.
AST is a manufacturer of quality garments, specializing in producing active-wear as well as private label garments and labor force uniforms. All products are 100% American made.
The SBA 504 Loan Program helps owners of small to mid-sized businesses, like AST Sportswear, Inc., have an opportunity to create wealth and financial freedom.
Since its opening in 2002, Mercantile has provided nearly 500 loans in 37 states (as well as Puerto Rico and Washington, D.C.) to finance projects worth over $1.22 billion in total project costs. This lending activity has contributed to the creation or retention of 8,315 jobs across the country.
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).