ORLANDO, FL, December 21, 2011 (Press-News.org) Mercantile Capital Corporation, which ranks as one of the nation's leading providers of interim financing for U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, closed a commercial loan for Landerhaven Hotel Venture, LLC, dba Staybridge Suites-Mayfield Heights, OH, as part of a consortium of lenders providing a total of $9.3 million in loan proceeds for the purpose of refinancing. Mercantile's participation was for just over $3.1 million.
Staybridge Suites is the extended-stay lodging brand of InterContinental Hotels Group. Designed for travelers staying more than five nights, these guests consist largely of those involved in training, research, continuing education, auditing, litigation support, and relocation.
Kenneth M. Lapine and Michael R. Sekerak, principals of Landerhaven Hotel Venture, LLC, said that after trying for several years to obtain financing to take out their construction lender, "Mercantile Capital and our team of lenders from the Middlefield Banking Company, Growth Capital Corp. and the SBA worked together smoothly and effectively to get this challenging refinance project to the finish line."
A new development has made it possible to use SBA 504 loans (aka SmartChoice Commercial Loans) to refinance commercial debt. Business owners can now lock in below-market, long-term fixed interest rates associated with SmartChoice Commercial Loans, and even use the proceeds for eligible business expenses (working capital). This program is temporary, however, and will end September 27, 2012. Details for eligibility can be found at http://www.SBA504LoanRefi.com.
For more information, visit http://www.SBA504LoanRefi.com and http://www.504Experts.com
Mercantile Capital Corporation ranks as one of the most active providers of SBA 504 loans nationwide, providing owners of small and mid-sized businesses the option to own commercial property with up to 90 percent loan-to-cost financing. Visit http://www.504Experts.com or http://www.504blog.com for more information.
Mercantile Capital Corporation Provides Commercial Real Estate Loan in Mayfield Heights, OH for $3.1 Million
Mercantile Capital Corp, a leading provider of interim financing for U.S. SBA 504 loans for small business owners who want to acquire or develop their own facilities, recently closed a commercial loan for Staybridge Suites-Mayfield Heights, Ohio.
2011-12-21
ELSE PRESS RELEASES FROM THIS DATE:
Top Presenter Awards Highlight the 2011 New England Venture Summit
2011-12-21
This year's New England Venture Summit, held December 13th-14th, at the Hilton Boston-Dedham, offered attendees high level discussions, exciting panels and invaluable networking opportunities. However, the highlight of the conference came as the Top Presenter awards were announced.
The Top Presenter Awards were given to two companies in each of the three tracks - Tech, Life Sciences and Clean Tech. In the Tech field, Servio was awarded first place, with Vyycore taking second place. In the Life Sciences track, Allara Therapeutics placed first, and Noxilizer came second. ...
b-pack to Release New e-Procurement Cart App
2011-12-21
b-pack's Research & Development has been working on this new cart application to improve the user experience and added innovative features written in HTML5.
Easy-to-use: The goal of this new cart application is to simplify and streamline the requisition process. It is capable of managing the most demanding sets of catalogs a buyer may have. For this reason, b-pack developers placed great attention on a user interface that promoted ease of navigation and performance.
Easy-to-search: The user can now search for internal and external catalogs via a new search engine. ...
Q1 Productions Announces 2nd Annual eDiscovery for the Life Science Industry Conference
2011-12-21
This winter, Q1 Productions brings together leaders from both the life science industries and legal professions to discuss advancements in internal company investigations. Held over February 27th and 28th in Jersey City, NJ, this year's conference will expand upon last year's focus on preparing for and utilizing eDiscovery tactics, paying special attention to streamlining investigations by taking advantage of most innovative resources and technologies.
Life science companies' involvement in suits is commonplace, dealing with patent issues, intellectual property protection ...
Baltimore Maryland Automation Control Systems Service Company Unveils new Online Location for PLC Design and Support Clients
2011-12-21
Northeast, Maryland - Veteran PLC automation design and repair engineer, Matt Hess of Sun Services, announces their new online location at http://www.ControlSystemsServiceMaryland.com
Sun Services has been providing service & support for its control systems clients in Maryland, Delaware, and Pennsylvania since 1998. They pride themselves in finding new and innovative ways to help customers achieve their goals.
Understanding that time is money for their clients, they have fully stocked parts vans ready to provide same-day response for trouble-shooting and repair ...
Healthcare Web Portal From Medical Web Experts Featured on New Social Website How2Connect.com
2011-12-21
Healthcare web portal and medical web design agency Medical Web Experts is announcing their partnership with How2Connect.com - an online provider of therapeutic services that promotes health, wellness and community. Medical Web Experts has developed a unique online patient web portal custom-built for wellness, and it will allow users to communicate securely with licensed clinicians as well as learn new techniques for improving their health.
"How2Connect.com's groundbreaking approach to behavioral healthcare - paired with our advanced portal technology - is a perfect ...
Grace Tyson Real Estate Launches new Website for Travelers
2011-12-21
Grace Tyson Real Estate is excited to announce the launch of its new website at TysonRealEstate.com. The new website has been specifically designed to make finding and booking any one of Grace Tyson Real Estate's Dauphin Island vacation rentals as easy as possible.
"We want to provide our guests with easiest way to find and book their vacation home," said Grace, Owner. "And, we think this new website does just that."
The new website offers a number of convenient features designed to streamline the reservation process.
- Online booking
- A ...
Antivia Announces Sponsorship of the SAPinsider BI 2012 conference
2011-12-21
This is Antivia's first year as a high-level sponsor of the annual SAPinsider BI conference, the preeminent event for professionals that use and support SAP and SAP BusinessObjects solutions for reporting, business intelligence, and data management. BI 2012 takes place February 28 - March 2 at the MGM Grand Hotel & Casino in Las Vegas.
"Over the past few years, this event has grown to become an integral part of the SAP BusinessObjects calendar, so we're delighted to be exhibiting here and we're looking forward to meeting new people from the SAP BusinessObjects ...
Rising Star Actor Steven Mango Gives Some Glee to the Salvation Army to Celebrate the Holiday Season
2011-12-21
Rising star actor Steven Mango took some time out of his busy schedule recently to make sure to give back to those less fortunate. Stopping outside the Grove, he added some holiday "glee" to the red Salvation Army kettle.
"I support The Salvation Army and I have made several sizeable donations to them in the last few weeks," he said. "I'm always looking for ways to give back. It makes me feel good to help out the less fortunate in any way I can, especially during the holiday season. I encourage others to donate and to do good works of faith. ...
Kansas City Auto Detailing Company Completes 25 Hour Project
2011-12-21
The Kansas City based auto detailing company, KC Detailing, has recently completed a 25 hour project on a Mercedes SL550 with only 3,500 miles. If that sounds like a little too much time for a professional detailing service, think again. The company holds that detailing is not a car wash - it's making the car look the best it can. Often the road to perfection means paint correction, which was a primary service on this longer than average project.
The majority of the SL550 project was to fix factory paint damage (or more accurately, factory imperfections) in the car's ...
Feldman Shepherd Personal Injury Attorneys Carol Nelson Shepherd and Mark W. Tanner Present at Pennsylvania Association for Justice Medical Malpractice Seminar
2011-12-21
Philadelphia trial lawyers Carol Nelson Shepherd and Mark W. Tanner of Feldman Shepherd Wohlgelernter Tanner Weinstock & Dodig LLP, recently served as faculty of the Pennsylvania Association for Justice (PAJ) 6th Annual Full Day Medical Malpractice Seminar. Shepherd was the course moderator and addressed the medical malpractice topics "Electronic Medical Records" and "Disturbing New Trends in Medicine - Effect on Medical Malpractice Cases." Tanner presented on "Hi-Tech Depositions and Their Use at Trial." Both attorneys were given top seminar ...
LAST 30 PRESS RELEASES:
AI finds undiagnosed liver disease in early stages
The American Society of Tropical Medicine and Hygiene and the Bill & Melinda Gates Foundation announce new research fellowship in malaria genomics in honor of professor Dominic Kwiatkowski
Excessive screen time linked to early puberty and accelerated bone growth
First nationwide study discovers link between delayed puberty in boys and increased hospital visits
Traditional Mayan practices have long promoted unique levels of family harmony. But what effect is globalization having?
New microfluidic device reveals how the shape of a tumour can predict a cancer’s aggressiveness
Speech Accessibility Project partners with The Matthew Foundation, Massachusetts Down Syndrome Congress
Mass General Brigham researchers find too much sitting hurts the heart
New study shows how salmonella tricks gut defenses to cause infection
Study challenges assumptions about how tuberculosis bacteria grow
NASA Goddard Lidar team receives Center Innovation Award for Advancements
Can AI improve plant-based meats?
How microbes create the most toxic form of mercury
‘Walk this Way’: FSU researchers’ model explains how ants create trails to multiple food sources
A new CNIC study describes a mechanism whereby cells respond to mechanical signals from their surroundings
Study uncovers earliest evidence of humans using fire to shape the landscape of Tasmania
Researchers uncover Achilles heel of antibiotic-resistant bacteria
Scientists uncover earliest evidence of fire use to manage Tasmanian landscape
Interpreting population mean treatment effects in the Kansas City Cardiomyopathy Questionnaire
Targeting carbohydrate metabolism in colorectal cancer: Synergy of therapies
Stress makes mice’s memories less specific
Research finds no significant negative impact of repealing a Depression-era law allowing companies to pay workers with disabilities below minimum wage
Resilience index needed to keep us within planet’s ‘safe operating space’
How stress is fundamentally changing our memories
Time in nature benefits children with mental health difficulties: study
In vitro model enables study of age-specific responses to COVID mRNA vaccines
Sitting too long can harm heart health, even for active people
International cancer organizations present collaborative work during oncology event in China
One or many? Exploring the population groups of the largest animal on Earth
ETRI-F&U Credit Information Co., Ltd., opens a new path for AI-based professional consultation
[Press-News.org] Mercantile Capital Corporation Provides Commercial Real Estate Loan in Mayfield Heights, OH for $3.1 MillionMercantile Capital Corp, a leading provider of interim financing for U.S. SBA 504 loans for small business owners who want to acquire or develop their own facilities, recently closed a commercial loan for Staybridge Suites-Mayfield Heights, Ohio.