http://www.504Experts.com It’s officially been one year since the Small Business Jobs and Credit Act was passed into law. While some good has come from it, there are a few things that have been pretty ineffective so far. The two things that frustrate Chris Hurn, the SBA 504 Loan Expert, the most are the First Mortgage Lien Pool (FMLP) Program and the SBA 504 Loan Refi Program.
You probably know that at Mercantile Capital Corporation we are not proponents of “big government” and increased regulations, but these two programs could be extremely effective when it comes to helping small business owners and the US economy. Plus, they have to do with the SBA 504 loan program which is a zero-subsidy program — it’s funded by borrower fees, not subsidized by the government. Right now, both the FMLP and the 504 Refi Programs are in need of our help. Watch this video to find out what needs to be done to make these programs more effective, and what we'd like YOU to do to help.
