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Twelve Reasons a 504 Loan is Best for Your Business
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Originally Drafted April 2003
Executive Summary
1 Ninety-percent fnancing for commercial real estate utilizing the 504 Loan Program allows business
owners to preserve more capital for other uses and gain the highest cash-on-cash return for that
capital when used to purchase commercial property.
2 Businesses can save on interest expense by not accepting market interest rates when below market
rates are available with the 504 Loan Program.
3 Longer loan amortizations allow for smaller monthly payments, which have less impact on
business cash fow. Furthermore, since prepayments are always allowed, business owners can have
the best of both worlds.
4 When putting in 10% equity, getting below market rates and having the benefts of longer loan
amortizations versus traditional lending, business owners cash fow is less impacted, and business
owners can still realize all the advantages of purchasing or constructing commercial real estate.
5 Owning commercial real estate versus leasing typically has an immediate reduction of up to 40% of
real estate expenses, plus the added beneft of converting the third largest expense facing businesses
into a fxed cost that does not increase by an average of 3.5% each year like with renting.
6 Financing closing and other soft costs with a 504 loan helps keep out-of-pocket expenses to a true
ten percent minimum when business owners make the decision to purchase commercial property
and only want to spend the minimum amount of cash necessary.
7 No balloon payments, calls or negative loan covenants enable borrowers to have more control,
more peace of mind and less lender micro-management.
8 Closing in as soon as thirty-days allows business owners to take possession of their new asset and
start reaping the advantages as soon as possible.
9 Dealing with a specialist in 504 loan fnancing makes the experience of buying commercial
property simple and hassle-free.
10 Future sales of properties fnanced by 504 loans are benefted by having the availability of
assumable mortgages at todays historically low interest rates.
11 A 504 loan can be made without disrupting your existing banking relationship because some 504
lenders do not require other banking products or services in conjunction with their 504 loans.
12 This program provides small and mid-sized businesses advantages previously only known to much
larger enterprises. Read on to learn more.
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Summary
The decision to purchase or construct commercial real estate for your business is not one
to be taken lightly. While there are numerous traditional sources of fnancing available
to you, a commonly over-looked option is the 504 Loan Program. This loan program
is widespread and well known on the West Coast and has been used there for years,
but it is relatively unknown and under-appreciated here in Florida. We believe the 504
Loan Program is the best way for businesspeople to purchase commercial real estate,
thus enabling you to more easily own an appreciable asset. This loan program has
several advantages over conventional fnancing and this Special Report will attempt to
thoroughly explain those and many of the elements of a 504 loan.
The Advantages
1 Ninety-percent (90%) Financing
504 loans have an equity requirement of
only ten percent (10%) for most projects and
borrowers. All project costs are included:
land; building; renovations; and soft costs.
Equity of 15-20% is required for start-ups and
businesses with irregular proftability, those
that lack historical debt service ability or have
a short track record, and for special purpose
properties. Unlike conventional commercial
real estate fnancing, 504 loans typically have
half the equity requirement (10% versus 20%
to 30%), which allows borrowers to preserve
more of their resources for operating capital
to grow their business. Put another way, lower
down payment requirements allow businesses to direct more of their capital away from non-income
producing assets (like a building) and toward the operations of their business, which should create
additional income.
504 loans have a frst mortgage that is typically 50% of the total project costs, a second mortgage that is
typically 40% and provided by a Certifed Development Company (CDC), and then the fnal 10% coming
from the Borrower. Most traditional fnancing institutions (banks, mortgage companies, etc.) only
lend up to 80% of the appraised value of a project (depending on the credit quality of the Borrower)
leaving the Borrower to contribute 20% or more to the cost of the project. This fact alone has historically
limited the number of businesses able to own their commercial property and is also a primary reason
commercial real estate purchasing decisions have historically been such critical ones.
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Ninety-percent fnancing also provides the highest cash-on-cash return available in fnancing
commercial real estate. Just like the capital utilization you conduct with your business trying to get
the greatest return from the least amount of cash fnancing commercial real estate with a 504 loan
provides a better utilization of your capital.
Ninety-percent fnancing for commercial real estate preserves capital, provides
the highest cash-on-cash return and is a signifcant advantage not available with
traditional fnancing options.
2 Below Market Interest Rates
The efective, blended interest rates on most 504 loans are below those ofered by typical, conventional
lenders. And, the less you pay in interest expense, the more you have for operating capital. Usually
the frst mortgage portion (50%) of a 504 loan is
at or slightly higher than conventional fnancing
rates. These interest rates can be fxed or variable
(foating). Current interest rates (with Mercantile
Commercial Capital, LLC) range (depending on the
credit quality of the Borrower) from the low 6%
to mid 7% fxed, and high 4% to mid 6% variable.
Conventional lenders are currently fxing their 80%
Loan To Value (LTV) conventional commercial real
estate fnancings in the mid 6% to low 7% range.
The second mortgage portion (40%) of a 504 loan is at a substantially below market interest rate. For
commercial real estate, the CDCs ofers a fxed rate for twenty years, usually about 75-100 basis points
(0.75-1.0%) below market and fxed for the entire twenty years. These rates are achieved by the nation-
wide, monthly aggregation and issuance of U.S. Small Business Administration (SBA) guaranteed
debentures, which are typically purchased on Wall Street by institutional investors seeking secured,
reasonable yields.
When both portions of a 504 loan are combined, the efective, blended interest rates are currently in
the low to mid 6% range. No traditional lenders can match interest rates like these, particularly with
90% fnancing. Even if a traditional lender were to somehow ofer a slightly lower interest rate for a
commercial real estate loan, the diference in equity requirement (20% to 30% versus 10%) invested in a
conservatively yielding vehicle would substantially ofset the diference in interest rate spread.
Lets say you have a $1,000,000 total commercial real estate project. You receive a quote for an $800,000,
80% LTV loan from a bank which is fxed at 6.4% for fve years. You also get an ofer for $900,000, 90%
fnancing from Mercantile Commercial Capital, LLC (MCC) which is fxed at 6.61% for a blended nine
years (fve years fxed on the frst mortgage and twenty years fxed on the second mortgage). Under this
scenario, you would only have to fnd an investment opportunity for your saved $100,000 that earns
0.21% per year to make up the diference in interest rates between your two options. Even reinvesting
that $100,000 back into your company ought to earn you substantially more than any possible
diference in interest rates between a 504 loan and a conventional loan.
When both portions of a
504 loan are combined, no
traditional lenders can match
interest rates like these.
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Twelve Reasons a 504 Loan is Best for Your Business
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Example:
$1,000,000 commercial real estate project
Conventional Loan

$750,000 (75% LTV).
$250,000 down payment.
6.75% fxed rate for 5 years.
504 Loan
$900,000 (90% LTV).
$100,000 down payment.
5.95% fxed rate for 9 years (blended).
$100,000 down payment saved.
* rates as of August 2009
Your business can save on interest expenses by not accepting market interest
rates when below market rates are available to you.
3 Longer Loan Amortizations
504 loans can have up to 25-year amortizations on the frst mortgage portion and 20-year
amortizations on the second mortgage portion, allowing your business to make lower monthly loan
repayments. Because the CDC is in a second lien position, the frst mortgage lender is willing to
lend at a longer term. Longer terms more closely match the useful life of the asset, and longer terms
make your monthly payments lower as the repayments are stretched over a longer period of time.
Most conventional commercial real estate fnancing is either on a 15 or a 20-year amortization. These
shorter repayment terms are better for the traditional lender because their capital is not outstanding
as long as it could be, but these shorter terms impact a business cash fow negatively. Growing
businesses need to stretch debt repayment terms in order to deploy excess capital toward more
growth. Longer amortizations are benefcial for your business cash fow, but you can always prepay
(with MCC, up to 20% of your outstanding principal each year) when you have excess capital. It is in
this way that our borrowers can have the benefts of longer amortizations, and also the benefts of
being able to prepay to shave interest expenses.
Longer loan amortizations allow for smaller monthly repayments, which impacts
your cash fow less, but you can always prepay and essentially have the best of
both worlds.
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Twelve Reasons a 504 Loan is Best for Your Business
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4 Less Impact on Cash Flow
High cash outlays, uncertain interest rates and short repayment periods make conventional loans
unappealing or unavailable to many small to mid-sized business owners, even when business
expansion makes sense for your business, your investors, your employees, and your community.
But because of the prior three advantages,
fnancing your commercial real estate with
a 504 loan signifcantly reduces the impact
that purchasing or constructing commercial
property would have on your business. It is
worth mentioning again, that this advantage
of a 504 loan is that substantial. This loan
program has less of an efect on both your
ongoing operational cash fow and also the
availability of cash reserves to support the
cash fow needs of your business. You have
probably heard the adage, cash is king
and cash fow is the lifeblood of business.
Realizing this and seeing the advantages of
owning commercial property, it is best as
business owners not to put your business cash fow in jeopardy. The 504 Loan Program, more than
any other commercial real estate lending program, minimizes the impact of purchasing commercial
real estate on your business cash fow. Redirecting your excess resources to get ready for growth with
an improving economy is a key strategic decision that is made possible with this type of fnancing.

When you only have to put down 10% equity, can get below market rates and
have the benefts of longer loan amortizations than with traditional fnancing,
your business cash fow is less impacted and you can still have all the advantages
of purchasing or constructing commercial real estate.
5 Up to 40% Reduction in Real Estate Expenses
With interest rates at the lowest levels in forty-fve years and the availability of 504 loans to provide
longer loan amortizations, it should come as no surprise that this loan program has produced annual
real estate expense reductions in the neighborhood of 20 to 40% regularly. Assuming a business has the
capital (and sufcient reserves thereafter) to put down 10% in equity, you will fnd that in nearly every
case, owning is less expensive than leasing. Paradoxically, this has the efect of improving your business
cash fow while building the assets of your company for the owners. In recent side-by-side comparisons,
we have regularly seen annual real estate expenses cut by up to 40% for those choosing to own instead
of rent. Only in two recent cases have we seen payments on loans exceed existing monthly lease
payments, but in both cases the borrowers were purchasing or constructing facilities that were nearly
twice the size of their current space.
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Twelve Reasons a 504 Loan is Best for Your Business
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Real estate expenses are typically the third largest, regular cost a business has, after payroll and
taxes. The average annual lease payments on commercial real estate rise 3.5% each year. So, the third
largest expense of a typical business increases by 3.5% each year, yet not enough businesses try to
convert this large, variable expense into a fxed cost that can improve the business balance sheet. This
is precisely what owning your commercial property does. In addition to controlling and converting
this large, variable and increasing cost into a fxed cost, as stated above, the immediate impact on
overall real estate expenses is to lower them by up to 40%. Naturally, the impact of lowering your
real estate expenses by owning commercial real estate is cumulative as you continue growing your
business into the future.
Owning versus leasing typically has an immediate reduction of up to 40% of real
estate expenses, plus the added beneft of converting the third largest expense
facing your business from a variable cost into a fxed one that does not increase
an average of 3.5% each year.
6 Finance Closing and Other Soft Costs
The 504 Loan Program is expressly available to enable small to mid-sized business owners to own their
commercial property without putting their business livelihoods in jeopardy by putting too much down
on commercial property with rates and amortizations that hurt rather than help a business cash fow.
In keeping with that goal, the 504 Loan
Program also allows the fnancing of
closing costs and other normally out-of-
pocket fees to be fnanced as part of the
loan amount. Such soft costs as: interest
on interim loans; professional fees; title
searches and insurance; attorneys fees;
appraisal fees; environmental report costs;
architect fees; permits; surveys; installation
of machinery; points on bridge loans;
small amount of furniture and fxtures; and
so forth are all fnanceable under the 504
Loan Program. Typically, with a 504 loan, a borrower would pay for many of these fees out-of-pocket
and then receive credit at closing for having paid these as part of their equity injection. With traditional
fnancing, most of these fees are paid in addition to putting down 20% to 30% equity. Having to pay
22% to 33% in true cash outlays instead of just 10% is a signifcant diference and one that most lenders
care not to mention.
Financing closing and other soft costs helps keep out-of-pocket expenses to a
minimum when you make the rather signifcant decision to purchase commercial
property and only want to spend the minimum amount of cashwhether
to preserve cash or to maintain a higher cash-on-cash return from your new
appreciable asset.
The 504 Loan Program
also allows the fnancing of closing
costs and other normally out-of-
pocket fees to be fnanced as part of
the loan amount.
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Twelve Reasons a 504 Loan is Best for Your Business
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7 No Balloon Payments, Calls or Covenants
A bothersome occurrence with many traditional lenders is the presence of balloon payments in their
loan terms, usually in fve, seven or ten years. Lenders have these balloon payments in place as a means
to reset their interest rates after a period of time or reexamine their borrower and his business. While on
the surface, that action may seem reasonable, most lenders do not just have a rate reset, they balloon
the entire outstanding principal balance. Typically, these clauses unnecessarily force borrowers to spend
additional money to refnance their commercial mortgage, so the interest rates the bank charges can
be recalculated, usually at higher rates. Your business faces the very high prospect of paying for another
appraisal or having to contend with potential changes in your marketplace or performance when you
need to fnd this replacement funding. Moreover, a traditional lenders interest in your industry sector
might have changed, which puts you and your business in a precarious situation.
Another standard component of most traditional fnancing is the presence of loan covenants and calls.
These clauses in loan documents work hand-and-hand and enable lenders to call your note (force
immediate repayment) if certain loan covenants are not met (maintaining certain fnancial ratios, for
instance). The problem with these clauses, which are not present in 504 loans, is that if your business has
temporarily fallen on hard times, the bank efectively piles on and can make the situation fatal to your
business. The last thing a small to mid-sized business owner needs when they have just lost their largest
customer and face a 30% reduction in revenues,
is for their bank to tell them they have violated
their loan covenants and that their loan is now
being called. Also with conventional fnancing,
a lender can decide to review your loan because
of questions about its own fnancial health, not
yours. These are measures of protection for most
lenders that are frequently counterproductive for
a typical small to mid-sized business owner.
By contrast, 504 loans have no balloon payments,
just true rate resets for the typical frst mortgage
portion (50%). Currently with MCC, these resets
can occur fve or ten years from the loan closing and will be the same initial spread over the index plus
the then-current index rate (i.e. 3.75% or 375 basis points plus the 5-year LIBOR at 2.88% = 6.63%).
The second mortgage portion of 504 loans provided by the CDC has no balloon payments or rate
resets because it is fxed for the entire twenty-year term of the note and has a guaranty in place with
the full faith and credit of the U.S. government. It is a self-liquidating loan, or as we like to say, long-
term, set-in-stone fnancing. There are also no detrimental loan covenants with the ability to call a 504
loan. Economic ups and downs are unlikely to sway a CDCs or a 504 lenders view of your 504 loan, in
large part because of the loans federal guarantee and the lenders 50% frst mortgage position which
mitigates its risk versus a conventional 80% frst mortgage position. All of these items enable you to
have more control, more peace of mind and less lender micro-management.
No balloon payments, calls or negative loan covenants enable Borrowers to have
more control, more peace of mind and less lender micro-management.
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Twelve Reasons a 504 Loan is Best for Your Business
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8 Thirty (30)-Day Closes
Gone are the days of terribly slow moving lenders providing SBA loans. At MCC, we can close your
loan in thirty days or less, provided all documents have been submitted and all third-party reports are
ready. Most traditional lenders cannot close conventional loans this fast. The longest part of the process
these days is waiting for the appraisal to be fnished, primarily because many appraisal frms also do
residential appraisals and the low interest rate environment has been a boom for their residential
divisions, thereby elongating the commercial sides response time.
Also, unlike many lenders, MCC can issue
a preliminary approval within hours of
reviewing some basic fnancial information (i.e.
corporate and personal tax returns, a schedule
of business debts, and a personal fnancial
statement) and issue a formal commitment
within three days of receiving a complete loan
package. This is, by far, the fastest turnaround
time in the industry. In addition, we do not
have a loan committee to wait for that only
meets once every other week, like with
many lenders. We are a lean operating entity,
probably much like your organization, and we
can make decisions very quickly, assuming
we have all the information we need. Once you have made the decision to purchase your commercial
property for all or at least some of the reasons we have already mentioned above, it seems like there is
no good reason that you should have to wait 45 to 120 days to take possession of your new asset.
Take possession of your new asset and start reaping the advantages of owning
commercial property as soon as possible with closes in thirty days or less.
9 Specialists Make the Process Simple
When decisions are of a critical nature, it is best always to deal with specialists whose expertise can help
you select the best options. This is especially true of selecting how to fnance your commercial property,
and the lender you choose to provide it. You have probably heard the saying that, purchasing a home
is the largest fnancial decision you will ever make. While that may be true for many Americans, you
presumably have already achieved the frst two stages of the American Dream: home ownership and
starting your own business. Now you are contemplating a third phase of the American Dream: owning
your commercial property. One of the largest fnancial decisions you will ever make at this stage in your
life is whether to own commercial real estate or continue renting.
Some lenders have developed the expertise to efortlessly provide fnancing like the 504 Loan Program,
while others have not. With such an important decision having been made, you cannot aford to work
with a lender who only occasionally does a 504 loan. There are too many moving parts to this loan
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program and only someone who specializes in them, has relationships with CDCs and others, and
has the ability to streamline the entire process for you, is the right lender for you. Lenders providing
this type of fnancing need to make more than just a couple of these loans each year to develop the
expertise necessary to adequately help you with this program and give great customer service.
Most traditional lenders would rather provide you with cookie-cutter fnancing that has less
advantageous terms for you that what a 504 loan ofers. Why would a loan ofcer ofer you a 504 loan
when that would fundamentally cut their loan amount down from 70% or 80% to 50%? And why would
a typical loan ofcer ofer you a loan product that is more work for them, even if it means a better deal
for you? The 504 Loan Program is not well known by traditional lenders and is not frequently ofered by
commercial banks for exactly that reason: 504 loans are better for you, not them.
At MCC, we are dedicated to making this process an easy one for you. Our loan ofcers are trained
professionals who are eager and, better yet, qualifed to help you with your fnancing request. Our loan
ofcers primarily focus on providing 504 loans. Most loan ofcers for traditional lenders have as many as
thirty products and services to ofer you and keep track of. Much like your business is focused on certain
products or services in a particular industry, we believe in the importance of proving our excellence
with a very narrowly focused fnance program. We cannot be all things to all people, and therefore, we
choose to specialize. Securing this type of fnancing is smooth, easy and hassle-free when you have the
right people on your side.
Buying your own commercial property is not a decision to be taken lightly, and if
you want the advantages of 504 loan fnancing, then dealing with a specialist will
make your experience simple and hassle-free.
10 Assumable Loans
504 loans are assumable, which means others may qualify to assume your mortgage should you
decide to sell your property in the future. You may be able to ofer the advantages of 504 loan
fnancing to future buyers, thereby giving your property a particularly attractive selling feature. This is
all the more likely if you are considering purchasing or constructing in todays historically low interest
rate environment. By the time you may be ready to sell your property, the likelihood that the then
current interest rates would be higher than the prevailing rates today, is very good. Your prospective
buyer will probably want to assume your lower interest rates because he will not be able to secure
such rates in that future environment. Most traditional fnancing options do not include this feature.
Additionally, the business assuming your 504 loan does not have to be another small to mid-sized
business, which is why numerous Fortune 500 frms have 504 loans even though they could never
qualify for the loan program on their own. This advantage of 504 loans will allow you to more easily
sell your property to whomever, whenever.
If you chose to sell your property in the future, having the availability to assume
your low interest rate mortgages may entice more buyers to bid more for your
property and close quicker.
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Twelve Reasons a 504 Loan is Best for Your Business
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11 No Disruption of Existing Banking Relationship
Securing fnancing for long-term fxed assets like commercial real estate does not have to be done
through your existing bank. In fact, it is often benefcial for business owners to keep their lenders
honest by not having all of their eggs in one basket. Business owners wanting to purchase or
construct commercial property with a 504 loan need not bother a lender that does not specialize in the
program, nor should they worry that their existing banking
relationship will be disrupted by using another lender like
MCC for this type of project.
Lenders like MCC only provide 504 loans. We do not ofer
any depository products at all, nor do we provide lines of
credit, residential mortgages, car loans, etc. We specialize
only in 504 loans and thereby can be a good compliment to
your existing bank that provides those other functions. Your
bank will not feel threatened that they could lose all of your
business to another competing bank, when you deal with
MCC. Other lenders that compete with your current bank
for products and services will require the complete transfer
of your fnancial instruments and relationship and probably
disrupt your business in the process. Unlike other lenders,
MCC does not include any fnance agreements requiring the
transferring of accounts, assets and notes to our frm. We
only provide 504 loans and try to keep the process as simple,
neat and clean as possible. We want you to maintain your
existing banking relationship (if it is a good one); we just
want to provide you with a 504 loan. For many lenders, it simply is not worth the efort to only provide
you or your business with a single loan but no other fnancial products. If they cannot have all of your
business, then they do not want any of your business. This is clearly not the case at MCC.
A 504 loan can be made without disrupting your existing banking relationship
because some 504 lenders do not require other banking products or services in
conjunction with their 504 loans.
12 Its the Overall Best Deal for You
As you can probably tell by now, we frmly believe the 504 loan program has advantages
that far outweigh those of more traditional loan fnancing. If the previous eleven reasons have not
convinced you that this program is the overall best deal for you, then perhaps we should talk so we
might demonstrate it for you in other ways. We have many happy clients that will gladly tell you why a
504 loan was best for them, and why it will be best for you.
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If you are serious about purchasing or constructing commercial real estate, then we urge you to
consider this program, with MCC or with another lender just as capable. And, we suggest you compare
the attributes of this type of fnancing with whatever else you have found and make the best decision
you can. We are confdent a 504 loan will be Best for Your Business.
This program provides small and mid-sized businesses advantages previously
only known to much larger enterprises.
We started our company to educate the marketplace about this loan program and to be a helpful source
in providing this type of lending. We hope this Special Report has furthered your knowledge and helped
your decision-making process. Please feel free to share this document with others that may have similar
goals and dreams about owning commercial property.
You have our Best Wishes for Continued Success!
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Twelve Reasons a 504 Loan is Best for Your Business
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Appendix
How It Works A Typical Project
The Borrower determines the total project costs (hard and soft costs). A fnancial institution like
Mercantile Commercial Capital, LLC fnances 50% of the cost and takes a frst mortgage on the
assets fnanced. A CDC, with a guaranty from the SBA, fnances 40% of the project costs (up to a cap
of $1.3 million) and takes a second mortgage position. The Borrower puts in as little as 10% equity.
Example:
Costs
Acquisition of commercial building $ 800,000
Renovations of same commercial building $ 100,000
Machinery $ 50,000
Soft costs $ 50,000
Total $1,000,000
Financing
First Mortgage Lender (like MCC) $ 500,000
Second Mortgage Lender (a CDC) $ 400,000
Equity contribution from Borrower $ 100,000
Total $1,000,000
Qualifying & Acceptable Use of Funds
Proceeds from 504 loans must be used for fxed asset projects such as: purchasing land and
improvements, including existing buildings, grading, street improvements, utilities, parking lots
and landscaping; constructing, modernizing, renovating or converting existing facilities; making
leasehold improvements; purchasing heavy machinery and equipment; and associated soft costs
(interest on interim loans, professional fees, title searches and insurance, attorneys fees, appraisal
fees, environmental report costs, architect fees, permits, surveys, installation of machinery, points
on bridge loans, small amount of furniture and fxtures, etc.).
Funds cannot be used for refnancing (except to take out fnancing on property acquired or built
within the last nine months with interim funds), working capital, inventory, rolling stock, mortgage
broker fees, points on permanent fnancing or moving expenses.
To be eligible, a business must be operated for proft, not have a tangible net worth in excess of $7
million and not have an average net income in excess of $2.5 million, after taxes for the preceding
two years or meet other size standards (by sales or number of employees depending on NAICS
code) as set forth by the U.S. Small Business Administration (SBA). The project being fnanced
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must have an owner-user with at least 51% occupancy if funds are for an existing building or 60%
occupancy if funds are for new construction. Two or more unrelated small businesses may receive
a 504 loan to buy or construct a building as long as they, together, will occupy at least 51% of an
existing building or 60% of new construction.
Companies that are not eligible for a 504 loan are: non-profts (except sheltered workshops); passive
holders of real estate and/or personal property; lending institutions; life insurance companies
(however, an insurance agency is eligible); businesses located in a foreign country or owned by
aliens; businesses selling products/services through a pyramid plan; illegal businesses; gambling
concerns; businesses which restrict patronage; government owned entities (excluding Native
American Tribes); businesses engaged in promoting religion; consumer and marketing cooperatives
(producer cooperatives are eligible); businesses engaged in loan packaging; businesses owned
by persons of poor character; equity interest by lender, CDC or associates in applicant concern;
businesses providing prurient sexual material; businesses that have previously defaulted on a
Federal loan; businesses engaged in political or lobbying activities; and speculative businesses.
This program is designed for small to mid-sized businesses seeking to create or retain jobs
(basically, MOST small to mid-sized businesses) OR for those small to mid-sized businesses that
meet one of the following public policy goals to: revitalize a business district of a community
with a written revitalization or development plan; expand exports; expand minority business
development (business must have ownership by a minority business person of at least 51%);
change necessitated by Federal budget cutbacks; change required by mandated standards
(health, safety, environment, etc.); increase productivity and competitiveness (retooling, robotics
or modernization); expand a woman-owned business development; expand a veteran-owned
business development, OR for one of following community development goals to: help improve,
diversify or stabilize the economy of a locality; stimulate other business development in the
community; bring new income into the community; assist manufacturing frms; or assist businesses
in a labor surplus area.
www.TheSmartChoiceLoan.com | www.504Blog.com | 1-866-MCC-4504
Twelve Reasons a 504 Loan is Best for Your Business
15
About the Author
Chris Hurn is the President, CEO and Cofounder of Mercantile
Commercial Capital (MCC), a specialized, nationwide commercial
mortgage lender based in Central Florida that provides 90%
loan-to-cost fnancing with up to 25-year, fully amortizing terms
and long-term, below-market, fxed interest rates. Previously,
Chris worked as a senior management consultant, fnancier and
executive with companies such as GE Capital, Heller Financial and
NAI Realvest. It was his experience in small business fnance that
led him to the idea behind MCC. As a graduate of Loyola University
and the University of Pennsylvanias Wharton School, he currently
serves on the Greater Orlando Regional Chamber of Commerces
Small Business Chamber Board of Directors and is active in
numerous other organizations.
Chris has won numerous awards including being: named on
The Top 20 Most Infuential Persons in SBA Lending for 2008
by Coleman Publishing; named the Most Respected Executive in
Central Florida in the Orlando Business Journals 2007 Readers
Choice Awards; recognized as one of the Top Ten Most Infuential
Men to Watch in 2007 by the Orlando Business Journal; named
Marketing Guru of the Year in 2006 by Coleman Publishing;
received the Central Florida Commercial Real Estate Societys
Hallmark Award for Top Producer in Mortgage Lending for
2005 and 2006; named the Top Male, Forty Under Forty in 2006
by the Orlando Business Journal. Under his leadership MCC was
named to the 2007 Inc. 500 list of the fastest growing companies
in America; was named the Banker of the Year by the industrys
trade association; was named Financial Services Champion of the
Year for Florida and the twelve-state Southeast District by the U.S.
Small Business Administration; was named Best Places to Work
in Orlando by the Orlando Business Journal for 2007, 2006, and
2005; was voted the Best Small Company in Central Florida in the
Orlando Business Journals 2007 Readers Choice Awards; and most
recently was recognized as the 2008 Business of the Year by the
Seminole County Regional Chamber of Commerce.
Be sure to contact Chris Hurn and his team of
Commercial Real Estate Financing Experts when you or
someone you know is interested in owning commercial
property the Smart way. Heres how:
Mercantile Commercial Capital
940 Centre Circle, Ste 3006, Altamonte Springs, FL 32714
Phone: 407-786-5040 or 1-866-MCC-4504 | Fax: 407-682-1632
Email: info@mercantilecc.com
Website: www.TheSmartChoiceLoan.com | Blog: www.504Blog.com