Mercantile Capital Corporation Reports Loan Volume for First Eight Months of 2012 Up More Than 190 Percent
Christopher Hurn, chief executive officer of Mercantile Capital Corporation, said the loan volume represents a 190 percent increase over the firm's loan volume for the first eight months of 2011.
- Orlando, FL (1888PressRelease) September 20, 2012 - Mercantile Capital Corporation, which specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, reported it closed 75 SBA loans to finance projects valued at more than $318 million thus far this year from January through August.
Hurn said the firm provided loans in 2011 to finance projects valued at $174 million in total project costs.
In August, Mercantile Capital closed seven SBA 504 loans to finance projects worth more than $26.6 million in total project costs.
Mercantile Capital Corporation, a wholly-owned subsidiary of Old Florida National Bank, ranks as one of the most active providers of SBA 504 loans nationwide.
They specialize in commercial property financing for owners of small and mid-sized businesses who want to acquire, enhance or refinance their own facilities, with up to 90 percent loan-to-cost financing. Visit www.504Experts.com and www.504blog.com for more information.
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