Mercantile Commercial Capital Eyes Best Year Ever in 2008
Mercantile Commercial Capital, LLC, which specializes in SBA 504 loans for small business owners who want to acquire or develop their own facilities, reports that 2008 is shaping up to be its best year ever.
Altamonte Springs, Fla. (PRWEB) August 29, 2008 -- 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, reports that 2008 is shaping up to be its best year ever.
Christopher Hurn, president and chief executive officer of Mercantile Commercial Capital, said that since the firm closed on its first commercial loan in June 2003, it has since provided 227 commercial loans valued at more than $318 million.
So far this year, Mercantile Commercial Capital's revenues are up more than nine percent over last year, loan volume is up 12 percent and profits are up five percent.
Hurn said an additional measure of the firm's success is new job creation.
"The SBA 504 loan program ranks as one of the most valuable programs the U.S. government offers for economic development because it is a capital loan program that targets new employment," he said.
Using the SBA formula, Mercantile Commercial Capital's efforts have so far led to the creation of more than 2,274 new jobs--- 1,444 of them in Florida.
For more information please visit http://www.504experts.com.
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