Mercantile Capital Corporation Reports Two Commercial Loans in February Worth More Than $8.3 Million

Mercantile 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
 
April 9, 2010 - PRLog -- ALTAMONTE SPRINGS - Mercantile Capital Corp., which ranks as one of the nation’s largest providers of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, reports it closed on two commercial property loans in February that totaled over $8.3 million on total project costs.  

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.

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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.
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Source:Mercantile Capital Corporation
Email:***@mercantilecc.com Email Verified
Zip:32714
Tags:Sba 504 Loan, Commercial Real Estate Financing, Small Business Administration, Small Business Financing, Sba Financing
Industry:Banking, Financial, Real Estate
Location:Altamonte Springs - Florida - United States
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