Knowledge and Insights
Press Release – Mercadien Is Awarded Significant National Contract With U.S. Small Business Administration
October 15, 2014; Princeton, New Jersey
Conrad L. Druker, CPA and managing director of The Mercadien Group, is pleased to announce that Mercadien P.C., Certified Public Accountants (CPAs) has been awarded a significant national contract with the U.S. Small Business Administration (SBA) to provide risk-based review and risk oversight support services for the Certified Development Company (CDC)/504 Loan Program administered through the Offices of Capital Access and Credit Risk Management. The program provides financing to small businesses to acquire major fixed assets, such as equipment and real estate, through a system of lending partners.
The contract is effective immediately and is for up to $20 million in services over five years. Mercadien was selected from a nationwide pool of bid respondents after a comprehensive, months-long, proposal-review process. Mr. Druker stated, “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. “
For more than 50 years, Mercadien P.C., CPAs has provided professional accounting services to all types of public and private organizations in various industries, including banking, construction, manufacturing, nonprofit, real estate and technology. In addition to audit, compliance and tax services, the firm advises clients on internal control procedures, accounting systems, risk management, cash flow management and budgeting, and sophisticated management advisory issues. Upholding the highest standards and best practices of accounting and auditing firms, and as required for members of the American Institute of Certified Public Accountants’ Division for CPA firms, Mercadien successfully completed its 12th consecutive peer review in 2013.
The Mercadien Group is a family of companies created to serve the diverse and sophisticated needs of clients in a capacity greater than any single organization can offer. Comprised of six distinct entities and over 120 employees, the firm provides accounting, auditing, tax planning and compliance, management consulting, technology, wealth management, outsourcing, and investment banking services. A team of trusted advisors working together in one place, The Mercadien Group shares a broad knowledge base and creates seamless solutions that meet clients’ personal and business objectives.