Mercantile Capital Corporation Reports Two Commercial Loans in February Worth More Than $8.3 Million

Altamonte Springs, FL, April 11, 2010 --( Mercantile Capital Corp., which ranks as one of the nation’s largest 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 two commercial property loans in February that totaled over $8.3 million on total project costs.

Christopher Hurn, chief executive officer of Mercantile Capital Corporation, said January’s total project costs of over $11.5 million marked the firm’s largest single month in two years, with the totals of February not far behind.

Hurn said the largest loan in February paid for a nearly $7.6 million Hampton Inn & Suites in Port Arthur, Texas.

Mercantile Capital Corporation
Robin Lashley