Mercantile Capital Provides Loan for Purchase of Holiday Inn Express in Bothell, WA Worth Over $6 Million
Orlando, FL, April 14, 2012 –(PR.com)– Mercantile Capital Corporation, a leading national provider of U.S. SBA 504 loans for small business owners who want to acquire or develop their own facilities, recently closed a commercial loan for Venus Hospitality Group, LLC, d.b.a. Holiday Inn Express, for $6,078,000 in total project costs.
The Holiday Inn Franchise is a world renowned hotel franchise that has a tremendous following of leisure and business customers. Some amenities of this Holiday Inn Express include a business center, a health & fitness center, spa facilities, high speed wireless internet access and a swimming pool.
“This opportunity has been a dream come true for us,” said co-owner Amandeep Ghag. “Working with Mercantile has been a pleasurable and professional experience, and we really appreciate everything MCC has done to close this deal.”
The SBA 504 loan program helps owners of small to mid-sized businesses, like Venus Hospitality Group, LLC, have an opportunity to create wealth and financial freedom. MCC’s specialization SBA 504 loans, allows borrowers 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.