Since January, we have closed 22 loans to fund projects valued at almost $65 million in eight states that will create an estimated 438 new jobs
Altamonte Springs, Fla. (PRWEB) June 18, 2010
Mercantile Capital Corporation, which ranks as one of the nation's top 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 eight commercial loans in May that will fund projects valued at more than $17.8 million.
Christopher G. Hurn, chief executive officer of Mercantile Capital Corporation, said four small business owners in Florida, three in California and one in Illinois received the loans.
Hurn said Mercantile Capital Corporation's total loan volume since January marks the best five months in the company's five-year history.
"Since January, we have closed 22 loans to fund projects valued at almost $65 million in eight states that will create an estimated 438 new jobs," Hurn said.
"We are on track to maintain this pace through the end of this year, and we project to close loans on projects valued at more than $125 million before the end of the year, which would make this our best year ever." Hurn said.
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