Altamonte Springs, FL, July 09, 2010 --(PR.com
)-- Mercantile Capital Corp. reports the dollar volume of commercial loans it closed in June was up more than 284 percent over the same period last year.
At the same time, Christopher Hurn, chief executive officer of Mercantile Capital Corp., said since January Mercantile Capital closed 29 commercial loans for projects valued at $81.6 million, a spectacular jump (416.46%) over the same six-month period in 2009 when $15.8 million was funded for 10 loans.
"This marks the best six-month period in our company's history," Hurn said.
Mercantile Capital Corp. - which ranks as one of the most active providers of U.S. Small Business Administration (SBA) 504 Loans in the nation - closed 7 loans in June for projects that totaled just over $20 million in 4 different states and the District of Columbia.
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