Mercantile Capital Corporation Reports Substantial Growth

ALTAMONTE SPRINGS, FL - Mercantile Capital Corporation, the Altamonte Springs-based firm that ranks as 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 expand their operations, is reporting significant growth in 2009.

Christopher Hurn, (top right photo) chief executive officer of Mercantile Capital Corporation, said commercial lending in May was up 66 percent over the same period last year and June appears to be heading for another double-digit increase over last year.

“We have over $16 million in fundings in the pipeline now just for June,” Hurn said.

Hurn attributed the firm’s growth to opportunities in the economy and his firm’s focus on the niche of small business owners and entrepreneurs. “Property valuations are down and interest rates are low,” Hurn said.

“Now is the best time to buy commercial properties in a long time, and we’re seeing a marked increase in demand from business owners realizing expense savings on their commercial real estate space by buying instead of leasing,” he said.

For more information, contact:

Chris Hurn, CEO, Mercantile Capital Corporation, 407-786-5040
Geof Longstaff, Chairman, Mercantile Capital Corporation, 407-786-5040
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142