Webinar on SBA 504 Loans for small business owners expanded by Mercantile Capital after more than 280 people register to participate

ORLANDO, Fla. --- Mercantile Capital Corporation has expanded its Nov. 1 webinar for small business owners who want to learn how changes in the rules governing U.S. Small Business Administration (SBA) 504 loans for small business owners can help them.

Christopher G. Hurn, chief executive officer of Mercantile Capital Corporation, said record response to the webinar announcement shows how much interest their is in the new rules, which will allow borrowers to include many operating expenses in their loan request.

Mercantile Capital Corporation ranks as one of the nation’s most active providers of SBA 504 loans, which were designed for small business owners who want to acquire or develop their own facilities.

Hurn said new SBA 504 rules permit use of SBA 504 funds to refinance commercial property loans at below market interest rates over fixed 20 year terms with as little as 10 percent down, and will permit SBA 504 financing of many business operation expenses as well. Moreover, the 10 percent equity requirement need not be entirely cash.

The new rules are in effect until September of 2012, so it is imperative that businesses make their decisions and lock in their rates soon, Hurn said.

Small business owners can register for the free webinar by visiting tiny.cc/SBA504RefiUpdate.