Mercadien P.C., Certified Public Accountants, announced Wednesday that the firm has been awarded a contract with the U.S. Small Business Administration potentially worth up to $20 million over five years.Mercadien, part of the Princeton-based Mercadien Group of companies, will provide risk-based review and risk oversight support services for the Certified Development Company/504 Loan Program administered through the Offices of Capital Access and Credit Risk Management, it said in a news release. That program provides financing to small businesses that helps them purchase major fixed assets, such as equipment and real estate. The contract is effective immediately.
“The entire team at Mercadien is honored that the SBA and Offices of Capital Access and Credit Risk Management recognized a core strength of our firm — assisting banks and financial institutions with numerous, complex regulatory compliance, risk management and technical issues — as well as the valuable management advisory service we can contribute toward achieving their missions and implementing the CDC/504 Loan Program,” Conrad L. Druker, CPA and managing director of The Mercadien Group, said in a prepared statement.
Mercadien was chosen from a national pool of bidders after a months-long review, it said.
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