Okay, so the phrase “JOIN, or DIE” may be a little severe, but at Mercantile Capital Corporation we want to use it as a jumping-off point to talk about some small business legislation that needs our support. 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.
Watch the video to hear Chris explain why this bill deserves your support and how it will benefit small business owners (the primary job creators in our economy).
If you agree with Chris and want to lend your support for the CREED act go to *******www.504Blog****/join-or-die for details on how you can make a difference.
*******www.504Experts**** For the third time in his career, Chris Hurn has 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 Chris a chance to brag on the people he works with — the people who make up the Mercantile Family, as we like to call it. They work terribly hard, and he's terribly proud of the blood, sweat, and tears they’ve all poured into this wonderful company.
Chris accepted the award at a luncheon reception yesterday, and we got video of his remarks. Be warned: if you suffer from motion sickness, you may just want to shut your eyes and listen — the footage is a little shaky.
Chris' comments on the story of Icarus were borrowed from Seth Godin’s book The Icarus Deception. If you haven’t already read it, Chris recommends you pick up a copy. And while you are on Amazon, don't forget that Chris' book, The Entrepreneur's Secret to Creating Wealth, is still available.
Chris Hurn, the CEO and Cofounder of Mercantile Capital Corporation, has 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, he expects 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, he may have to eat my words (and he’ll gladly do so), because the Agency recently announced some changes that may curtail his forecasted decrease. Specifically, there are four things that he thinks will make a big difference for small business owners, and he explains them in this video.
The video is a bit long, but we think the information is extremely helpful for small business owners who want to purchase, construct, or renovate their commercial facilities. Be sure to share this with someone who’ll appreciate it and benefit from it, and stay tuned for more updates as we learn more about these proposed changes and the proposed legislation regarding SBA 504 refinancing.
Mercantile Capital Corporation's CEO and Cofounder, Chris Hurn, appeared on the Varney & Co show on Fox Business News. He talked about a tepid economy as the “new normal” and the idea that real estate (commercial real estate in particular) is making a comeback. He also shared his perspective on the most recent job creation figures and a dip in consumer confidence.
The author of the Amazon Bestseller, The Entrepreneur's Secret to Creating Wealth, Chris Hurn appeared on the Willis Report on Fox Business News. He shared a few things about his book as well as some practical things small business owners can do to build wealth for themselves.
If you'd like to know more about what business owners should be doing to create wealth for themselves pick up a copy of book. More successful entrepreneurs means more growth and stability for the American economy.
Chris Hurn and the SBA 504 Experts at Mercantile Capital Corporation, wanted to do something special for all the small business owners and their advisors, that made it possible for us to have our best year ever in 2012. And what more special than to have Santa Claus himself wish everyone a Merry Christmas?
*******www.504Experts**** This is the time of year when we make a point to remember the people who make it possible to do what we do — you and others like you. We have a clearly stated mission: to help small business owners create wealth through commercial property ownership by providing the smartest financing possible…and this is something we’re very passionate about. But no amount of passion and enthusiasm would allow us to finance loans worth more than $388.7 million in total project costs this year (and that’s just through November). To accomplish that, we need people like you who watch our videos, care about helping entrepreneurs, tell others about what we do, and choose us to be your or your clients’ commercial lender. And for that we’re VERY thankful.
Since words on a screen can only express so much, here’s a special holiday message from our Mercantile Family.
An often overlooked secret to creating wealth as a business owner has little to do with actually running the business. Marketing, customer service, quality products, and more are required to make a business successful...but when it comes to creating real and lasting wealth, decisions regarding this key "secret" will have the greatest impact. As both a small business lender and a small business owner himself, Chris Hurn has a bird's eye view of how businesses create wealth, as well as an in-the-trenches perspective on the tough decisions that must be made if a business is to go from good to great.
In The Entrepreneur's Secret to Creating Wealth, Chris explains the myriad of factors and variables involved in this significant wealth-creation strategy. Plenty of books describe how entrepreneurs can create more ideas or have happier employees. But no other business book outlines in such detail -- or with such authority -- how to actually develop the wealth behind the business.
Mercantile Capital Corporation has made it through the qualifying stage of Social Madness, and Round One starts today! Thanks for voting for voting for us — it really means a lot to everybody at Mercantile that we got as many votes as we did and are the second seed in Round One (it’s bracketed, like March Madness…hence the name). Watch the video below to find out what you can do to help us advance to the next round and to hear me say “thanks!” in-person, and then make sure you go to *******www****journals****/orlando/exclusives/socialmadness to vote and connect with us.
Have you heard of Social Madness? It’s a contest, hosted by American Business Journals and sponsored by Capital One, to find out which companies across the nation have the best social media chops. I’d like to think that at Mercantile Capital Corporation we do a pretty good job with the social media, and I hope you do, too. Watch the video below to find out how you can help us win this contest and get $10,000 for the charity of your choice, and then make sure you go to *******www****journals****/orlando/exclusives/socialmadness to vote and connect with us.
Chris Hurn, the CEO and Cofounder of Mercantile Capital Corporation, dons colonial-esque gear to channel Ben Franklin, one of his favorite Founding Fathers. Watch the video for the SBA 504 Expert's special message as we wind down National Small Business Week.
All silliness and fun aside, watch Chris explain the need for Congress to extend the SBA 504 Refi and FMLP programs, and what you can do to help.
Chris Hurn, the SBA 504 Expert, recently had an outstanding customer experience working with the Ritz-Carlton which can serve as a great lesson for business owners and entrepreneurs. Watch the video above to see how you can adopt their above-and-beyond customer service mentality to your business.
You may already be following what’s going on in Washington with the JOBS (Jumpstart Our Business Startups) Act (H.R. 3606) and the Reed-Landrieu-Levin Amendment, but watch this video for a summary of the issues at hand . . . and to find out who I’d like you to call and why. I know you’re busy, but I (and small business owners everywhere) would really appreciate it if you’d take just 10 minutes (or less) to make the four phone calls I discuss on the video.
*******www.504Experts**** As promised, here’s my first video of “Inside the Lenders Studio” - inspired by James Lipton’s Inside the Actors Studio. I’ve been watching that show a lot lately, and I’ve realized that I’m not as introspective as I think I am. Actors, because it’s their job to interpret different characters and personalities, seem to be fairly introspective when asked about where they came from, why they do what they do, what they aspire to be, and so on.
It got me thinking, and I have a feeling that lots of other entrepreneurs and business owners have the same problem as me: way too many balls in the air to stop and think about the why’s of what we’re doing. The idea of “Inside the Lenders Studio” has two primary purposes: 1) to get me thinking about more than just my to-do list and 2) to clue you in to why I do what I do and why Mercantile exists. Watch the first installment of this series - I start with a list of questions James Lipton uses on his show…
http:/www.504Experts**** We’re on the verge of a BIG weekend. Sunday’s the day for TV-watching: the NASCAR Daytona 500 will be run in the afternoon, the NBA All-Star Game will be played right here in Orlando (within walking distance of MCC Headquarters), and the Academy Awards (better known as the Oscars) will happen in Prime Time.
All the buzz about the Oscars has caused Chirs Hurn, CEO and Cofounder of Mercantile Capital Corporation, to think a lot about actors lately, and he's realized that actors have something that a lot of entrepreneurs lack (and he's not just talking about piles of money, good looks, or adoring fans). He gets the impression that actors generally tend to be a little more introspective because of the nature of their job. Entrepreneurs on the other hand, because of the nature of THEIR job, tend to not have time for things like introspection. That’s what this video is about (and it’s not as silly as it might sound), so take a look.
*******www.504Experts**** There’s a whole lot going on here at Mercantile Capital Corporation and in the world of small business lending. Watch this video to be in the loop on our latest SBA lending webinar, our upcoming Open House, President Obama’s Disney visit yesterday, and the SBA Administrator becoming a member of the President’s Cabinet. Oh, and there’s Rick Perry’s little comment about abolishing the SBA (a pretty terrible idea in our humble opinion). Little wonder he’s just withdrawn from the presidential race.
*******www.504Experts**** We, at Mercantile Capital Corporation, are sort-of-almost-completely moved-in to our new headquarters in Downtown Orlando, so of course we’re throwing a party. If you’re anywhere near Orlando, you’ll want to RSVP for our Open House next Thursday by calling Ken at 407-786-5040 or emailing me directly at ChrisHurnMercantileCC****. Even if you’re not in Central Florida, and you’re looking for an excuse to come visit the Sunshine State (we’ll have 70-degree weather next week), you’re more than welcome.