Tuesday, August 6, 2013

And the new SBA Administrator is…

Here’s my wishlist for the leader of the SBA…


Okay, so we don’t know who the new SBA Administrator will be yet — it’s only been five months since Karen Mills announced that she’ll be stepping down at the end of this month (we should cut the White House some slack, right?) — but I believe there are a few qualities and characteristics the new head of the SBA ought to possess. There are also a couple things he or she should do to help America’s small businesses (and our economy at-large) grow and thrive.

Tuesday, July 16, 2013

2013 Small Business Influencer Awards…

Why I want you to vote…

Last year, I was honored to be named a Small Business Influencer Champion in the 2012 Small Business Influencer Awards. The voting is underway for the 2013 awards, and I’d really appreciate your vote.
The folks at Small Business Trends and Small Business Technology are doing a great thing by hosting these awards (now in their third year, I believe). I don’t think it’s important for me or anyone else to be nominated for or win an award just for the sake of the honor (though a little pat on the back every now and then is nice). The big deal here is that the small business community at-large is getting attention.

Thursday, June 20, 2013

New Perspective on Small Business Week…

What would small business owners themselves say?

This being National Small Business Week, there’s a lot of buzz coming from politicians about the importance of small businesses and the people who dare to create them. I came across an article written by Dan Danner, President and CEO of the National Federation of Independent Businesses (NFIB), about things that small business owners might say during National Small Business Week if they were given the media spotlight instead of Washington talking heads. Frankly, I think he’s spot on and I can’t improve on his sentiments, so I’ve re-blogged what appeared on FoxNews.com three days ago — go here to read it and see if you agree.
Thanks in advance for reading, commenting, and sharing. And Happy Small Business Week!
Chris

Friday, June 7, 2013

“Join, or die…”

Small biz legislation that needs your support…

Okay, so the phrase “JOIN, or DIE may be a little severe, but I want to use it as a jumping-off point to talk about some small business legislation that needs our support. In a blog post from last month, I explained that the CREED Act is working its way through Congress and will reinstate the SBA 504 refinance program if it becomes law. Whether or not you’re familiar with the 504 refi program or the CREED Act, supporting its passage on Capitol Hill is a no-brainer for several very strong reasons.

Wednesday, May 22, 2013

Small Business Awards…

Secret to Success: Surround yourself with brilliant people…


For the third time in my career, I’ve been honored as the SBA Financial Services Champion of the Year (2006, 2010, and now 2013), and this kind of recognition never gets old. Of course it feels good to win awards and to get the attention that goes along with it, but it also gives me a chance to brag on the people I work with — the people who make up the Mercantile Family, as we like to call it. These people work terribly hard, and I’m terribly proud of the blood, sweat, and tears they’ve all poured into this wonderful company.

Wednesday, May 8, 2013

504 refinancing gets new life…

The CREED Act will reinstate the SBA 504 refinance program…and it needs our support.

Since the beginning of the year, I’ve been saying that we’re going to see a decrease in small business loans this year, likely in the 20 to 30 percent range. The primary reason for my gloomy outlook is that both the SBA 504 Refinance and FMLP programs expired last September. It turns out, however, there’s a Senate bill that will again make it possible for small business owners to refinance their commercial real estate with

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.