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Mercantile Capital Corporation Reports Its Best Year Ever; Loan Volume Up Over 149 Percent
Mercantile Capital Corporation reports its commercial property loan volume is up more than 149 percent over last year and 2012 will end up as its best year ever.
Christopher Hurn, chief executive officer of Mercantile Capital Corporation, said the 10 year old firm should close commercial property loans to finance projects valued at a total of more than $450 million in 2012.
In 2011, Mercantile Capital closed $174 million in loans.
In November, Mercantile Capital financed $15 million in total project costs.
Hurn said the largest single loan in November financed the $11.2 million purchase of a multi-building campus for an aviation training institute in Inglewood, Calif.
Mercantile Capital Corporation is one of the nation’s leading providers of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities.
For more information, visit http://www.504Experts.com and http://www.504Blog.com.
Entrepreneur, Speaker, Writer/Blogger, Leader. Mercantile Capital Corporation only finances commercial real estate for other entrepreneurs and small business owners all over the U.S. utilizing the SmartChoice Commercial Loan program (aka the SBA 504 loan).