ALTAMONTE SPRINGS, FL. --- Mercantile Capital Corporation, one of the nation’s largest providers of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, reported it closed 24 commercial loans from Jan. 1 through June 30 to finance projects valued at a total of more than $69.1 million.
Their largest loan, year to date, was for a healthcare management facility in Houston, Texas, worth more than $8.3 million in total project costs.
Christopher G. Hurn (top right photo), chief executive officer of Mercantile Capital Corporation, a wholly owned subsidiary of Old Florida National Bank, said these loans helped small businesses in nine states create 381 jobs.
Mercantile has now closed loans in 32 states, Puerto Rico, and the District of Columbia for over $644.1 million in total project costs since it began eight years ago.
For more information, please contact:
Chris Hurn, Chief Executive Officer Mercantile Capital Corporation, ChrisHurn@MercantileCC.com, 407-786-5040
Larry Vershel or Beth Payan, Larry Vershel Communications Inc., 407-644-4142
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