Altamonte Springs, FL, April 14, 2011 --(PR.com
)-- Mercantile Capital Corporation, closed on its best first quarter ever as of March 31, closing on 15 commercial property loans during the 90 day period to finance projects that total more than $54.8 million. This represents a 44.6% increase over their previous first quarter record in 2010.
Chris Hurn, chief executive officer of Mercantile Capital Corporation said the firm closed on five loans to finance projects totaling more than $17.4 million in March.
The eight year old firm specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities.
Mercantile Capital Corporation is a wholly-owned subsidiary of Old Florida National Bank, which is headquartered in Winter Park. Additional information about Mercantile can be found at www.504Experts.com and www.504blog.com.