Wednesday, April 24, 2013

Small businesses are finding success in creative ways…

Read about it at HuffingtonPost.com and FoxBusiness.com…

One thing I love about my job is hearing the stories from small business owners all over the country. Last year, we helped 97 small business owners in 27 states purchase, construct, renovate, or refinance their commercial property. When you work with that many business owners, you’re bound to hear some wonderful stories about overcoming adversity, going the extra mile, and finding creative ways to solve problems.

Monday, April 8, 2013

The SBA Proposes Four Changes to the 504 Loan Program…

Changes to the 504 loan program may help many small business owners…


I’ve been on record saying that the SBA will likely see a 20 to 30 percent decrease in 504 loan volume in fiscal year 2013. Despite the fact that the SBA is coming off back-to-back record-breaking years, I expect this drop-off in 504 loans due in large part to the 504 refinance and secondary market (FMLP) programs not being extended past September of 2012. Well, I may have to eat my words (and I’ll gladly do so), because the Agency recently announced some changes that may curtail my forecasted decrease. Specifically, there are four things that I think will make a big difference for small business owners, and I explain them in the video I just posted at www.504blog.com/four-changes.

Dedicated to Your Continued Success,

Chris

------------------------------
Christopher G. Hurn,
CEO & Cofounder
Mercantile Capital Corporation

P.S. If you have any questions about how we can help you or someone you know purchase, construct, or renovate commercial real estate with our smarter financing, call me at 1-866-622-4504 or email me at ChrisHurn@MercantileCC.com.

Tuesday, April 2, 2013

April Fools’ Day 2013 Video Roundup…

If you’re like me, you’ve been on the lookout for April Fools’ gags all day. Then again, maybe you’ve been busy and haven’t had a chance to check out Google Nose, Google Treasure Maps, or the announcement from the White House earlier today. In that case, you’ll find the best April Fools’ video hoaxes from 2013 on my blog at www.504blog.com/april-fools-roundup-2013. I’m really impressed with the ideas and the execution of these pranks — kudos to the brilliant minds behind them.

I hope you had a safe and somewhat-productive April Fools’ Day!

Dedicated to Your Continued Success,

Chris


P.S. All joking aside, we’re working extremely hard on behalf of our small business clients to get their commercial real estate loans to the closing table. Last year was a record-shattering year for us — our loan volume was up 143.2% over our previous all-time high. If we can help you or someone you know purchase, construct, or renovate commercial real estate for a small business, call me at 1-866-622-4504 or email me at ChrisHurn@MercantileCC.com

Thursday, March 28, 2013

Foolin’ Around with the Un-Bankers…

April Fools’ Day is usually a pretty interesting day around Mercantile Headquarters. Robin is our chief prankster, and she’s gotten some of us pretty good over the years. There was the time she told me Jorge Bouche called from 202-456-1111 and asked that I call him back. Turns out that’s the White House phone number, and you can guess what they said when I asked for “Jorge Bouche.” She also got Ken, our receptionist, when she had him call “Harry Lyons” at 407-323-4450 (the Central Florida Zoo).

She’s also been known to rearrange offices, tamper with phones and keyboards, and even turn pictures upside down in frames. But the most memorable one was when she made Dirt Cake — cream cheese, cool whip, crushed Oreos, etc. — for the whole office. Instead of the cream cheese and whipped topping, she used mayonnaise and vinegar. More than a few of us had a mouthful of the junk before we realized what she’d done. Funny in retrospect…I guess.

Luckily, Robin now works from home. In Ohio. Hopefully April Fools’ Day will be a nice quiet day around our offices (in Orlando). In truth, we all like a good prank, and we’ve pulled a few corporate ones, too. Here are the last three major April Fools’ Day announcements we’ve done:
2011: Elephant Soccer
Two years ago, we issued a press release announcing our involvement in bringing elephant soccer to the United States in the form of the Elephant Football League (the EFL). Believe it or not, elephant soccer really happens…just not in Central Florida. Yet.
2010: Icelandic Fish Cannery Health Spas
In 2010, we announced that we found a loophole in the SBA lending manual allowing us to fund eligible international projects with SBA 504 loans. The first commercial loan issued under this international provision helped renovate and modernize the Reykjavik National Fish Cannery and Holistic Health Spa, according to our press release. You have to see it to believe it.
2009: A New Name
We changed our company name at the end of March in 2009 from Mercantile Commercial Capital to Mercantile Capital Corporation (all those t-shirts, hats, and umbrellas with our old branding became instant collectors’ items). When we wrote the press release about our name-change, we also mentioned that we had negotiated a major deal with government officials (behind closed doors, of course) that granted us naming rights for the SBA 504 loan program among other things. We even included a quote from Treasury spokesman, Dr. Lopo Flairs (an anagram for April Fools) — something I was particularly proud of.

So, will we do something this year? Probably not. I’ve been out of the office most of the week, and we’re closed on Friday for a three-day weekend. I just don’t think we’ll have time to put something together. Besides, these things usually rub somebody the wrong way and we end up having to issue a follow-up announcement/apology.

Are you a prankster, or have you been the victim of April Fools’ Day shenanigans? Share your best April Fools’ story with me by leaving a comment below or emailing me at ChrisHurn@MercantileCC.com. The best story gets a prize. Seriously.

Happy Early April Fools’ Day…and Happy Easter and Passover (chag sameach), too!

-Chris

P.S. We didn’t get a 2012 April Fools’ prank done in time because I was busy testifying before Congress in Washington, D.C. Leave it to the government to put a damper on all the fun, right?

P.P.S. One thing we never joke about: providing smarter financing for small business commercial real estate projects better than anyone else. If you or someone you know is looking to purchase, construct, or renovate commercial property, call me at 1-866-622-4504 or email me at ChrisHurn@MercantileCC.com.

P.P.P.S If you’re serious about creating wealth for yourself and your business, you’ll want to read my book for small business owners.

Thursday, March 21, 2013

Vote for the Best Small Business Book…

Help The Entrepreneur's Secret to Creating Wealth get named as one of the overall winners….


I’ve been honored by having my book, The Entrepreneur’s Secret to Creating Wealth, nominated for Small Business Trend’s 5th Annual Small Business Book Awards. Currently, it’s in first place in the personal finance category, but I still need your help. If you’ve voted for me already I thank you, but please watch my latest video blog to find out how you can help my book get named as one of the overall winners.

Friday, March 15, 2013

Good News/Bad News for Small Business Lending in 2013…

The last two years have seen record-shattering levels of government-guaranteed lending, which includes the SBA 504 loan program (aka the SmartChoice® Commercial Loan). In terms of loan volume, 2011 and 2012 were the biggest and second biggest years (respectively) in the history of the SBA. Since the SBA has done the lion’s share of small business lending as our economy struggles to get back on its feet, what can we expect in 2013?

Go here to read my predictions for the rest of this fiscal year, as well as an article I was just quoted in yesterday on BusinessWeek.com called “How Are the SBA’s Loan Programs Doing?”

Wednesday, March 6, 2013

Cast Your Vote for the Best Small Business Book…

Vote for The Entrepreneur's Secret to Creating Wealth

The folks at Small Business Trends (www.smallbiztrends.com) are hosting their 5th Annual Small Business Book Awards, and someone was kind enough to nominate my book, The Entrepreneur’s Secret to Creating Wealth. I’d like you to go vote (whether you vote for my book or not), and I explain why in my latest blog post at www.504blog.com/2013-book-awards.

Thanks in advance for reading, voting, and sharing this with someone else who might find it interesting!

Dedicated to Your Continued Success,

Chris


P.S. If you’re the type who won’t vote for something until you’ve checked it out for yourself (I’m like that), go here to get a copy of my book so you can vote with a clear conscience. J

Thursday, February 28, 2013

Why the Sequester is GOOD for Small Business Owners…

No, I’m not crazy…

If you’re anything like me, you've grown weary of all the high drama in Washington these days. First the Fiscal Cliff; now the looming Sequester; next month it’ll be something else. But as we sit on the edge of our seats waiting to find out what will happen tomorrow, I’d like to tell you why the Sequester won’t be the end of the world as we know it.

Thursday, February 21, 2013

How a no-name upstart can compete…

My interview with Andrew Warner of Mixergy.com…

If you’re not familiar with Mixergy.com, you really ought to check it out. It was founded by a gentleman named Andrew Warner with the purpose of helping ambitious people like you and I learn from a mix of experienced mentors (including Gary Vaynerchuk, Barbara Corcoran, Jimmy Wales, and more).

Friday, February 8, 2013

On Stuart Varney this morning…

My seventh appearance on FOX Business News…

Well, it turns out that Stuart Varney stood me up this morning in retaliation to me snubbing him at his Super Bowl party last week. Instead, I had the great pleasure of talking with Charlie Payne and Liz MacDonald about a tepid economy as the “new normal” and the idea that real estate (commercial real estate in particular) is making a comeback. Watch the clip from this morning and see what you think: www.504blog.com/varneytoday.