Mercantile Commercial Capital Closes on Four Commercial Loans in December for over $6.3M in Total Project Costs

ALTAMONTE SPRINGS, FL--- Mercantile Commercial Capital, LLC, which specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, reported it closed on four commercial loans in December that total over $6.3 million, and helped to create 42 new jobs.

(Christopher Hurn, top right photo), is president of Mercantile Commercial Capital. Geof Longstaff, top left photo, is vice president)

Mercantile Commercial Capital’s December loans included:

• $1,185,000 to Beckman & Associates, Inc, to provide 80 percent financing for refinance of a 3,532 square foot office condo located in Maitland, Fla;

• $1,675,000 to Mississippi Embroidery, LLC to provide 90 percent financing for the purchase of an approximately 17,000 square foot building located in Hattiesburg, Mississippi;

• $2,107,200 to Irish Properties, LP, to provide 85 percent financing to purchase a mix-used restaurant with eight residential apartments -- an 11,030 square foot facility in New Cumberland, Penn. and

• $1,345,000 to Autogalaxy USA, LLC/Miami Car Sales, Inc., to provide 75 percent financing for the purchase of an 8,000 square foot office/warehouse condo located in Hallandale, Fla.
In 2008, Mercantile Commercial Capital closed on 43 Commercial Loans valued at more than $75 Million. Altogether, their loans helped to create 483 new jobs.

For more information, visit http://www.thesmartchoiceloan.com/ and http://www.504blog.com/.

For more information about this press release, contact:

Chris Hurn, Mercantile Commercial Capital, LLC 407-786-5040
Robin Lashley, Mercantile Commercial Capital, LLC 407-786-5040
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142