Mercantile Capital Corporation Provides Commercial Real Estate Loan to Grocery Store Owners in Sorrento, Fla. Worth over $2.4 Million

ALTAMONTE SPRINGS – 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, recently closed a commercial loan for

Mt. Plymouth IGA for $2,410,000 in total project costs.

Mt. Plymouth IGA is a community grocery store serving the Mt. Plymouth and Sorrento communities and surrounding areas. They have been in business at the present location for more than 50 years and were acquired by Nakul and Nisha Patel in 1998. Upon completion of this expansion, they will be able to offer a full service deli including custom subs and wraps, roasted chicken, in-store bakery, and expanded produce, meat and poultry offerings with a temperature-controlled meat processing area.

“Three years ago, if you had talked to me about doing an SBA loan, I would have laughed and said ‘No way,’ said owner, Nakul Patel. “But, today with historic low interest rates, plus the ability to finance building and equipment with a fixed rate for 20 plus years, we would be crazy not to do it,” Patel said. “Mercantile has a team that understands small business and its needs.
They are experts at the 504 loan program, so for any small business owners who have been banging at the door of banks not getting anywhere, I recommend you give MCC a call,” he added.

The SmartChoice Commercial Loan Program helps owners of small to mid-sized businesses, like Mt. Plymouth IGA, have an opportunity to create wealth and financial freedom. Their specialization in SmartChoice Commercial Loans, also known as SBA 504 loans, allows borrowers, like Nakul and Nisha Patel, to own their commercial property with the highest cash-on-cash return financing available, without tying up their precious capital, so they can grow even faster.

For more information, visit www.TheSmartChoiceLoan.com and www.504Blog.com.
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For more information about this press release, contact: Chris Hurn, Mercantile Capital Corporation, 407-786-5040 churn@mercantilecc.com or Robin Lashley, Mercantile Capital Corporation, 407-786-5040 rlashley@mercantilecc.com orLarry Vershel Communications 407-644-4142 Lvershelco@aol.com