Mercantile Capital Corporation Provides Financing for Restaurant in Norcross, GA Worth $850,000

Mercantile Capital Corporation, a leading national provider of U.S. SBA 504 loans for small business owners who want to acquire or refinance their own facilities, recently closed a loan for J.R.’s Log House, Inc. for $850,000.

Orlando, FL  (RestaurantNews.com)  Mercantile Capital Corporation, which ranks as a leading national provider of U.S. SBA 504 loans for small business owners who want to acquire, develop or refinance their own facilities, recently closed a commercial loan for J.R.’s Log House, Inc. for $850,000 in total project costs.

J.R.’s Loghouse Restaurant opened their doors in 1983, and has become well known for their barbecue.  J.R.’s history goes back more than 55 years to when owner Jerry Romano (“J.R.”) started cooking and serving “real pit cooked barbeque” as a young teenager. The recipes served today have been handed down from grandparents, aunts, uncles and cousins.

“I am thrilled with the rates and terms I was able to get with the SBA 504 product, and Mercantile played an integral role in bringing this loan to closing,” said Romano.  “They were easy to work with and very efficient.”

The SBA 504 loan program was developed to stimulate small business growth, create new jobs, and generate wealth for entrepreneurs, like Jerry Romano.  Today, the program ranks as one of the nation’s most efficient economic stimulus efforts and one of the best job generators.  Recent changes in SBA rules now allow SBA 504 financing for a wider range of business expenses, including refinancing of current commercial mortgages.

For more information, visit http://www.504Experts.com and http://www.504Blog.com.

Mercantile Capital Corporation, a wholly-owned subsidiary of Old Florida National Bank, ranks as one of the most active providers of SBA 504 loans nationwide. They specialize in commercial property financing for owners of small and mid-sized businesses who want to acquire, enhance or refinance their own facilities, with up to 90 percent loan-to-cost financing.