Altamonte Springs, FL, January 07, 2010 --(PR.com
)-- Mercantile Capital Corporation, the Altamonte Springs firm that ranks as one of the nation’s leading providers of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, reports it closed on seven commercial property loans that totaled more than $13 million in total project costs in November.
Christopher G. Hurn, chief executive officer of Mercantile Capital Corporation, said he projects the firm will close on six more commercial property loans in December for a total of $9.2 million to close out the year with more than $81 million in total project costs financed.
“We will complete the year with over $81 million in total project costs,” Hurn said. “Our dollar volume is up nearly 15 percent from 2008,” he explained.
Hurn said one of Mercantile Capital’s most important measurements---job creation---is also up this year.
“Our lending funded projects that created more than 480 new jobs in 2008,” Hurn said. “For 2009, employment growth we helped fund will total more than 500 new jobs,” he said.
For more information contact
Geof Longstaff, Chairman, Mercantile Capital Corporation, 407-786-5040
Chris Hurn, CEO, Mercantile Capital Corporation, 407-786-5040
Shannon D. Marks, President/COO, Mercantile Capital Corporation, 407-786-5040
Larry Vershel, Larry Vershel Communications 407-644-4142
About Mercantile Capital Corporation
Mercantile Capital Corporation ranks as one of the most active providers of SBA 504 loans nationwide, providing owners of small and mid-sized businesses the option to own commercial property with up to 90 percent loan-to-cost financing. Visit www.504Experts.com or www.504blog.com for more information.