Mercantile Commercial Capital, LLC Reports Record $102 Million in Total Project Volume in 2007 Across 17 Different States
Mercantile Commercial Capital, LLC reported it closed on 48 commercial loans for projects totaling of $102 million in 2007.
Altamonte Springs, Fla. (PRWEB) January 23, 2008 -- Mercantile Commercial Capital, LLC, which ranks as one of the region's most active 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 on 48 commercial loans for projects totaling of $102 million in 2007.
Christopher G. Hurn, president and chief executive officer of Mercantile Commercial Capital, said lending activity in 2007 is up more than 23 percent over 2006. In 2007, Mercantile Commercial Capital closed on commercial loans in 17 different states, Hurn added.
"Altogether the loans helped to create 765 new jobs," Hurn said.
Mercantile is celebrating its fifth anniversary this year. The firm has broadened it scope and now includes 29 correspondents in 19 states.
For more information about Mercantile Commercial Capital visit http://www.504experts.com.
About Mercantile Commercial Capital:
From their start in 2003, Mercantile Commercial Capital has made it their specialty to fund 504 loans for small business owners wanting to purchase or acquire commercial property. Mercantile Commercial Capital was recently named to the 2007 Inc. 500 list as well as "Best Place to Work" by the Orlando Business Journal in 2005, 2006, and 2007. They've also been named "Banker of the Year" by the National Association of Development Companies (NADCO), and the 2006 Small Business Administration (SBA) "Financial Services Champion of the Year" for Florida and the twelve-state Southeast District. They have been called the "Fastest growing commercial lender in America," the "Most unique and entrepreneurial bankers around," and the "Fun Bankers."
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