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Follow on Google News | Mercantile Capital Corp. Reports SBA 504 Commercial Loan Volume up in June; First Half of 2010 LoaALTAMONTE SPRINGS, Fla. --- Mercantile Capital Corp. reports the dollar volume of commercial loans it closed in June was up more than 284 percent over the same period last year.
By: Mercantile Capital Corporation At the same time, Christopher Hurn, chief executive officer of Mercantile Capital Corp., said since January Mercantile Capital closed 29 commercial loans for projects valued at $81.6 million, a spectacular jump (416.46%) over the same six-month period in 2009 when $15.8 million was funded for 10 loans. "This marks the best six-month period in our company's history," Hurn said. Mercantile Capital Corp. - which ranks as one of the most active providers of U.S. Small Business Administration (SBA) 504 Loans in the nation - closed 7 loans in June for projects that totaled just over $20 million in 4 different states and the District of Columbia. Visit www.504Experts.com and www.504Blog.com. # # # 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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