Altamonte Springs, FL, May 20, 2011 --(PR.com
)-- Mercantile Capital Corporation, which earlier reported its best first quarter ever in 2011 with 15 commercial property loans to finance projects that total more than $54.8 million — a 44.6 percent increase over the same period in 2010 — projects record or near record transactions scheduled for May.
Chris Hurn, chief executive officer of Mercantile Capital Corporation said seven commercial loans scheduled to close in May will finance real estate projects valued at more than $11.7 million in three states. Mercantile Capital Corporation closed two loans in April for projects that total more than $1.7 million in Massachusetts and Illinois.
Mercantile Capital Corporation, a wholly-owned subsidiary of Old Florida National Bank, is one of the nation’s leading providers of U.S. Small Business Administration (SBA) loans for small business owners who want to acquire or develop their own facilities. Additional information about Mercantile can be found at www.504Experts.com and www.504blog.com.