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Follow on Google News | Mercantile Capital Corporation Reports Two Commercial Loans in February Worth More Than $8.3 MillionMercantile Capital Corp., which ranks as one of the nation’s largest providers of U.S. SBA 504 loans for small business owners reports it closed on two commercial property loans in February that totaled over $8.3 million on total project costs.
By: Mercantile Capital Corporation 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 ranks as one of the most active providers of SBA 504 loans nationwide, providing owners of small and mid-sized businesses the option to own commercial property with up to 90 percent loan-to-cost financing. Visit www.504Experts.com or www.504blog.com for more information. End
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