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Mercantile Capital Corporation Names Veteran Banker Penny Brake Portfolio Manager
Mercantile Capital, a subsidiary of Old Florida National Bank, one of the nation’s largest providers of U.S. SBA 504 loans for small business owners who want to acquire their own facilities, has appointed Penny Brake as portfolio manager.
Geof Longstaff, chairman at Mercantile Capital Corporation, said Brake has more than 26 years of experience in the banking industry, including a fifteen (15) year tenure with Florida Community Bank, formerly First National Bank of Central Florida.
Mercantile’s specialization in SmartChoice Commercial Loans, also known as SBA 504 loans, allows borrowers, like Martin Marciel, to own their commercial property with the highest cash-on-cash return financing available, without tying up their precious capital, so they can grow even faster. The SmartChoice Commercial Loan Program helps many owners of small to mid-sized businesses have an opportunity to create wealth and financial freedom.
For more information, visit http://www.504Experts.com and http://www.504Blog.com.