SBA Helps Floridian MBAs

By the My MBA Career Content Team � Find Top MBA Degree Programs

The government is helping MBAs, entrepreneurs and small business owners build their businesses in Florida.

Commercial real estate loans can be a tall order, according to GlobeSt.com, but the Small Business Administration (SBA) is here to help American MBAs and entrepreneurs grow their companies.

Headquartered in Orlando, Mercantile Capital provides SBA loans and claims it closed more than $12 million in loans last month. According to the corporation's website, it offers 90 percent loan-to-cost commercial real estate financing through its SBA 504 program.

"We know our niche very well and we dominate our niche," said Chris Hurn, Mercantile Capital's president and CEO, to Globe St. "Any bank in America can make an SBA 504 loan. Very few can do it competently."

Hurn says that specializing in SBA 504 loans instead of offering the traditional gamut of agreements has kept Mercantile Capital out of trouble, unlike America's larger commercial banks that have been dealing with loan defaults and foreclosures lately.

Many small business owners have big plans for their companies. But growing an operation requires two things: funding and business sense. The SBA wants to help you with the money and there are plenty of MBA schools all over the U.S. that can provide you with the know-how. If you're considering expansion, enrolling in an MBA program might be a good idea too.

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